Commercial Loan Underwriter

Job Summary

Responsible for consistently underwriting safe and sound commercial loans that are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations. Evaluates complex credit information for new and existing clients and underwrites commercial, SBA, real estate, term loans, and lines of credit loans. Remains abreast of industry developments, applies knowledge to the decision-making process and makes sound credit recommendations.

ESSENTIAL FUNCTIONS

• Under general supervision, consistently underwrites safe and sound commercial loans in an expedient manner that are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations.
• Under general supervision, analyzes financial data related to new and renewal loan requests, including, but not limited to, lines of credit, asset-based lines, commercial real estate, and equipment financing loans.
• Carefully assesses and evaluates the risk of financing requests within the framework of the Bank’s credit culture and current economic and industry trends, and presents facts and offers opinions/recommendations to loans officers and relationship personnel concerning applicant’s credit worthiness.
• Establishes and maintains a close working relationship with loan and relationship officers, participates in customer calls, assists loan and relationship officers in managing customer relationships by providing advanced credit analysis and support, thereby ensuring the needs of a borrower are met by underwriting the appropriate type of loan(s) and ancillary product(s), and works with loan and relationship officers to create solutions for problems that arise during the underwriting process.
• Reviews self-employed, corporate and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers’ income, and follows up with customers to obtain all necessary information and clarification on financial analysis materials and resources.
• Orders and reviews credit and insurance reports, flood zone determinations and UCC filings, performs title searches and reviews site inspections, and ensures the Bank’s collateral position can be appropriately achieved and protected.
• Utilizes independent judgement to review and correct potential problems during the commercial loan approval process, such as issues related to credit history, nonconforming appraisals, policy exceptions, etc.
• Prepares summary and/or credit approval report documenting credit analysis and supporting information for credit decision recommendations.
• May work with attorneys and other financial or legal resources to obtain correct and accurate documents to fully protect the Bank’s interests in the credit relationship.
• Aids loan and relationship officers in reviewing loan documents for accuracy, completeness and adherence to approval conditions, and ensures loan agreements are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations.
• Aids loan and relationship officers in providing verbal and written letters of commitment for each loan decision detailing required documentation, loan interest rate, as well as the fees and amount approved, provides related correspondence to loan officers, borrowers, and others.
• May directly manage a portfolio of credit relationships as assigned by Credit Administration.
• Aids in monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Prepares, assembles, and maintains credit files / tickler system, and Problem Loan Reports.
• Responsible for timely submission of Borrowing Base requests and related documents as assigned. Including timely review, evaluation, and analysis of collateral and preparation of detailed reports for accounts, as well as portfolio assessments.
• Develops and maintains an advanced knowledge of financial industry, economy, market conditions, rates, vendors and competition, remains informed of trends and developments in local market and changes to regulations governing commercial loans, and assimilates new government regulations and applies this knowledge to improve and maintain quality and consistent underwriting.
• Reads periodicals and attends external webinars/workshops as needed.
• Responds to verbal and written inquiries, or refers inquiries to the appropriate department or person, and exhibits the necessary followthrough with customers and/or staff involved.
• Assumes responsibility for special projects, gathers data, and prepares reports for Credit Administration, audits, and other personnel.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable.
• Assists with monitoring of assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration as applicable