• Commercial Real Estate Loan Underwriter- San Diego

    Job Locations US-CA-San Diego | US
    Req No.
    2018-1571
    Category
    Business Banking
    Type
    Regular Full-Time
    Hours Per Week
    40
    Schedule
    Available: Monday-Friday 8:00 a.m. - 6:00 p.m.
  • Overview

    General Summary

    Under general supervision, handles all aspects of commercial real estate loan underwriting.

    Responsibilities

    Principal Accountabilities (95%)

    Monitors credit union’s commercial real estate portfolio risk through formal Term Loan Review:

    • Determines documentation required for each loan.
    • Analyzes client’s financials, credit and collateral.
    • Establishes current value of collateral.
    • Reassesses current risk grade.
    • Writes formal loan reviews.
    • Advises relationship manager if a forbearance is warranted.
    • Reschedules a follow-up review date based on loan risk.
    • Communicates with relationship manager, loan participant, and processor.

     Underwrites credit union’s commercial real estate loans:

    • Analyzes financials, credit and collateral.
    • Provides relationship manager with initial assessment and additional due-diligence items.
    • Completes analysis and prepares formal presentation.
    • Communicates with relationship manager, loan participant and processor of decision.

     

    Performs property evaluations:

    • Researches and analyzes property data.
    • Reviews current market conditions.
    • Establishes value and writes formal property evaluation to be presented with supporting documents.
    • Reviews annual property inspection reports as delivered by independent contractor.

    Environment Report and Analysis:

    • Reviews various environmental reports.
    • Determines risk and additional of due-diligence.
    • Discusses findings with relationship manager to determine next steps.
    • Performs additional due diligence based on a review of Environment Data Resources Collateral Screen Alerts.

    Secondary Accountabilities (5%)

    • Performs other duties as assigned.
    • Provides support to other areas of the department.
    • Complies with BSA requirements as commensurate with position.

    Qualifications

    Position Requirement and Qualifications

     

    Abilities:    

    Excellent abilities in analysis, problem-solving, detail-orientation, customer service, communication (verbal and written), organization, and time-management.

     

    Knowledge, Education, Certifications, Licenses: 

    Working knowledge of all aspects of commercial real estate loan underwriting required.  A four-year college degree in a related field or coursework/training preferred.

     

    Experience: 

    Minimum four years of work experience in a financial institution underwriting commercial real estate loan to include loan review, loan analysis, property evaluation, environmental analysis or equivalent. 

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