Summary
Overview
Work History
Education
Skills
Timeline
Generic

Geraldine Nelson

Lithonia,GA

Summary

Over 10 years of underwriting experience across consumer, merchant, mortgage, and commercial lending sectors. Proven expertise in compliance auditing and reviewing various loan types, including Home Equity, FHA/VA, USDA, and Conventional Loans. In-depth knowledge of lending regulations such as HMDA, RESPA, and Dodd Frank Act, with a strong focus on ensuring adherence to regulatory standards. Proficient in technical tools including Loan IQ, Salesforce, and Encompass, enhancing operational efficiency and compliance accuracy.

Overview

12
12
years of professional experience

Work History

SBA/Commercial Loan Specialist/ Underwriter (Contract) -Remote

Small Business Administration
10.2024 - 05.2025
  • Conduct comprehensive business credit analysis for Commercial, SBA, Real Estate loan for underwriting review for various business types includes the following completion of selected portfolio selected reviews for 7A and 504 loans with complex financial transactions: Merchant Cash Advance, Merchant Payment Processing, Asset-Based Lending, Commercial Real Estate, Commercial and inventory, Agriculture Farming, Working Capital, Office, Restaurants, Multifamily, Hotel Retail, and Mixed-used industrial properties, Franchise, Non-Profit, Equipment Finance and Machinery, Investment CRE, Owner Occupied CRE, Line of Credit, LLC, Corporations, Partnership, Trust Loans.
  • Performs detailed analysis of personal and business financial statements, cash flow analysis, profit loss statements, balance sheets, income statements, personal and business tax returns, tax transcripts, and credit reports.
  • Performing in-depth financial analysis (spreading and analyzing financial statements.)
  • Analyze and review applicants’ business applications by performing repayment financial analysis, including balance sheet, income statements and cash flow analysis as well as industry factors.
  • Review and make appropriate decisions on business credit applications which meet acceptable underwriting standards and are compliant with SBA guidelines.
  • Recommend risk ratings in accordance with SIC/NAIC and/or CREFC guidelines.
  • Prepare and validate business owner’s operations industry and competitive analysis through public databases and documentation which may include review Google searches, Netronline, reviewing YELP reviews, Secretary of State, etc.
  • Conduct interviews with applicants regarding the loan requests.
  • Gather necessary documentation, conduct thorough due diligence to determine the suitability of loan requests, and prepare a detailed credit summarizing the financial analysis, collateral position, and overall risk assessment.
  • Decision loan applications including making recommendations for approval, decline or withdrawn.
  • Prepare changes in terms of modification and renewals, amendments and change in terms agreement.
  • Conduct due diligence items include title commitments/title searches, UCC searches, evaluations or real estate appraisals, flood determinations, proof of insurance documents, surveys, entity documents, etc.
  • Adhere SBA SOP 50.10 7 underwriting and credit granting criteria.
  • Review loans ranging from $50,000 to 5 million depending on what type of business loan product.

Merchant Underwriter

SitusAMC
05.2015 - 06.2024
  • Review and underwrite merchant applications and provide required documents information to determine their eligibility, performing risk assessments.
  • Evaluate merchant applications using internal tools and third-party data (Experian, LexisNexis, Alloy, GIACT or Equifax.
  • Interpret key financial ratios: liquidity, profitability, leverage, efficiency to evaluate business performance and potential risk in processing relationships.
  • Perform risk assessments identify, and access potential risks associated with different merchant types and industries, considering factor fraud, chargebacks and financial ability.
  • Perform KYC, KYB, OFAC, and credit checks to ensure compliance with internal policies and regulatory standards.
  • Assess exposure, chargeback risk, fraud potential, and industry risk.
  • Conduct interviews as required for merchant verification calls.
  • Perform comprehensive credit analysis underwriting review and detail repayment analysis of business financial statements, cash flow statement, balance sheets, income statements, bank statements, credit reports business tax returns and merchant processing statements.
  • Make approval, decline, or hold decisions based on underwriting criteria.
  • Ongoing Monitoring & Portfolio Review: Conduct periodic reviews of existing merchant accounts based on risk triggers, volume increases, or complaints.
  • Monitor chargeback ratios, reserve levels and transaction behaviors.
  • Recommend and implement risk mitigations such as rolling reserves, caps, or terminations.
  • Identifies and properly mitigates all High- Low risks associated with each assigned merchant application.
  • Conduct transaction monitoring of assigned accounts with fraudulent potential suspicious activity on the account KYC, EDD, Money Laundering, CIP.
  • Documentation & Compliance: Ensure all underwritten documentation is complete and accurate.
  • Maintain detailed records to support audit, regulatory, or internal review requirements.
  • Stay updated on applicable rules from Visa, MasterCard, NACHA, and other regulatory bodies.
  • Collaboration: Work closely with Sales, Risk, Compliance, and Operations to onboard merchants effectively.
  • Provide feedback to internal teams on underwriting trends or policy improvements.
  • Support escalations, dispute resolution, and underwriting appeals.

SBA Loan Specialist/Underwriter Remote (Contract)

Small Business Administration
11.2022 - 07.2023
  • Perform and review details of selected portfolio assets underwriting for 7A and 504 for business loans with complex financial transactions: Merchant Cash Advance, Merchant Payment Processing, Asset Based Lending. Real Estate, Commercial and inventory Working Capital, Office, Restaurants, Multifamily, Hotel Retail, and Mixed-used industrial properties, Franchise, Non-Profit, Business Rental, Equipment & Machinery.
  • Reviews a high volume of loan applications and structures prior to submission to Underwriting to ensure optimal loan structuring.
  • Performs detailed analysis of business financial statements, cash flow analysis, profit loss statements, balance sheets, income statements, business tax returns and credit reports, tax transcripts.
  • Perform comprehensive background checks on applicants, co-applicants, guarantors, and individuals to combat against potential fraud.
  • Determine financial and repayment analysis with a focus on cash flow, liquidity, leverage, debt service coverage to identify key risks and mitigating factors.
  • Recommend risk ratings in accordance with NAIC and/or CREFC guidelines.
  • Prepare an industry and competitive analysis of the borrower’s operations which may include review onsite inspections, Google searches, reviewing YELP reviews, etc., Secretary of State.
  • Prepare detailed spreads on businesses which include financials statements, tax returns and profit loss statements in Business Financial Analysis Test to prepare for cash flow and repayment analysis, collateral schedules, covenant sensitivity, financial models, and guarantee statement analysis as appropriate.
  • Perform research activities including gathering information on actual and prospective borrowers through inquiries and investigations and in-house information on borrower’s loan activity, credit worthiness, profitability and includes personal and affiliate businesses.
  • Decisions loan application for either approval as submitted, conditional approval or denial.
  • Review loan service including fraud claims and Identity theft, check wires first payment delinquency investigations.
  • Conduct and confirm identities search for alias through third party resources includes liens, judgments, bankruptcies.
  • Following and maintaining knowledge of updates to the loan policy and the SBA SOP.

SBA Loan Specialist/Underwriter

Small Business Administration
06.2020 - 05.2022
  • Review and process each assigned 7A and 504 SBA application loan includes familiarity with varying business structures includes: Merchant Cash Advance, Merchant Payment Processing, Sole Proprietorships, Partnerships, LLCs, S-Corps, and C-Corps. CRE, C&I, Franchise, Non-Profit Organization, Agriculture following completion of the Pre- Underwriting Review process and applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan application for accuracy, completeness, and eligibility.
  • Review and performed thorough analysis for home disaster and business loans and supporting documentation.
  • Board SBA and participation loans.
  • Complied with regulatory requirements, including the Bank Secrecy Act, Anti Money Laundering, OFAC, USA Patriot Act, Privacy Act and Community Reinvestment Act (CRA).
  • Conduct interviews with borrowers and lenders and counsel them on the Agency’s practices. Assess borrower's or lender's need for assistance from other sources and counsel accordingly.
  • Perform comprehensive reviews of sampled new loans and modifications to identify potential credit risk weaknesses, policy or regulatory violations, servicing deficiencies, or other relevant trends.
  • Update SBA loans per modification agreements.
  • Performs detailed analysis of financial statements, cash flow analysis, calculating ratios, business tax returns, credit reports and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors.
  • Evaluate business loans, including the performance of thorough analysis of business and personal to determine eligibility debt and ability to repay.
  • Collect data and collateral values to complete the underwriting analysis and risk rating determine eligibility.
  • Primarily it handles complex applications with total credit exposure greater than $350,000.
  • Review and analyze all credit reports, as well as industry and market data.
  • Verification of tax returns in file against IRS Transcripts.
  • Process CAIVRS, OFAC, CIP checks for all appropriate entities.
  • Submits 4506T verifications through third party vendors.
  • Reviewing, interpreting, and evaluating documents received from the borrowers.
  • Examine reports to determine if situations meet the established criteria for investigating suspected fraudulence or problems.
  • Identifies and properly mitigates all risks associated with each assigned SBA application which includes fraudulent and ID theft exposures to ensure dispensation of federal funds.
  • Prepare an appropriately detailed written justification outlining terms and conditions and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks.
  • Conduct transaction monitoring of assigned accounts with fraudulent potential suspicious activity on the account KYC, EDD, Money Laundering, Identity, Theft and identities and properly mitigates all risks associated with each assigned SBA applications to ensure proper dispensation of federal funds.
  • Adhere to and comply with all applicable. federal and state laws, regulations, and guidance, including those related to Anti- Money Laundering (Bank Secrecy Act, USA Patriot Act etc..) as well as adhering to SBA procedures.
  • Eligible individual lending authority up to $2,000,000.

Forensic Rebuttal Underwriter

Cognitive Option Group (Supporting Bank of America)
Atlanta, GA
04.2013 - 04.2015
  • Review loan application data and credit files monthly for accuracy in reporting consistent with the requirements of the HMDA.
  • Complete a full review compliance review includes HMDA/Regulation C, ECOA/Regulation, RESPA, TILA, HOEPA, Review loan files to ensure that Federal and State disclosures include Reg E,Reg Z TILA, ECOA, SCRA, HMDA, MLA, meet regulatory requirements as specified by federal and state laws regulations Disclosure of underwriting files to ensure that loan modifications, applications, credit profile/reports, debt and assets/ financial statements, loan values/loan-to-value ratios, appraisal reports, collateral and supporting documentation.
  • Perform forensic underwriting review of closed mortgage and commercial loans files for compliance with applicable State and federal laws adherence to specific lender guidelines with emphasis on buy back/put back possibilities.
  • Complete a full audit forensic review includes Review and analyze title commitment, policies to ensure borrower applications, credit profile/reports, debt and assets/ financial statements, loan values/loan-to-value ratios, appraisal reports, collateral and supporting documentation.
  • Review employment documentation and recalculate income documentation for completeness and accuracy per guidelines requirements.
  • Review and recalculate asset documentation per guideline requirements.
  • Familiar with fraud, red flags and outside services used to determine or verify fraud.
  • Perform risk analysis and make decisions regarding the deficiencies identified during the review process.
  • Provide a written summary of loan findings in the area: credit worthiness, income, property valuation and loan product eligibility.

Education

Business Administration -

United College
Tampa, FL

Skills

  • Loan IQ
  • Loan Syndication
  • LaserPro
  • Ncino
  • Salesforce
  • Mortgage ware
  • DU
  • LP
  • Fidelity (MSP)
  • LPS
  • Pacer
  • SCRA
  • Compliance Ease
  • Encompass
  • Excel
  • Word
  • Microsoft Office
  • Outlook
  • Access
  • Power Point
  • Lexis Nexis
  • Dun Bradstreet

Timeline

SBA/Commercial Loan Specialist/ Underwriter (Contract) -Remote

Small Business Administration
10.2024 - 05.2025

SBA Loan Specialist/Underwriter Remote (Contract)

Small Business Administration
11.2022 - 07.2023

SBA Loan Specialist/Underwriter

Small Business Administration
06.2020 - 05.2022

Merchant Underwriter

SitusAMC
05.2015 - 06.2024

Forensic Rebuttal Underwriter

Cognitive Option Group (Supporting Bank of America)
04.2013 - 04.2015

Business Administration -

United College

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Geraldine Nelson