The vendor is required to provide commercial loan underwriting services supporting department business works program.
- This program is used by small businesses and lending partners to provide financing options during all phases of business growth. the department is seeking vendors to outsource our commercial loan underwriting services as we continue to expand.
- The commercial loan underwriter will provide the following:
• Financial statement spreading update the financial spreads, analysis and underwriting;
• Loan policy reviews the credit relationship for adherence to program policies and procedures;
• Collateral performs a collateral analysis based on the information provided;
• Review of the credit relationship identify and recommend a risk profile or risk rating for applicants based on industry best practices and program policies;
• Guarantor analysis: perform an analysis of the guarantor(s) if appropriate;
• Credit structure: recommend credit structure enhancements.
- Contract Period/Term: 2 years