Commercial Underwriter

Commercial Underwriter - SBA - Multifamily

  • Livermore, CA
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A bit about us:

Our client is a very well-established and one of the oldest and locally owned banks in the Bay Area. They were founded over 50 years ago and they offer a wide range of services including personal and business banking, SBA, construction, multifamily, lines of credit and commercial loans. They also handle trust services, estate planning, retirement planning and wealth management.

With over 20 branches and 800+ employees, they continue to grow their business. Aside from generous compensation and benefits packages, they also offer tremendous stability and growth potential.

Why join us?

  • Various Recognition Programs including Monetary Spot Bonuses
  • Up to $5000 Tuition Reimbursement for continued education
  • 10 Paid Bank Holidays
  • Paid Vacation
  • Paid Sick Time
  • An ESOP (Employee Stock Ownership Plan) = Retirement Money
  • 401K Plan with an employer match

Job Details

Currently they are looking for a Commercial Underwriter who will perform review and analysis of documents and information throughout the loan process, and present conclusions and recommendations via the Loan Credit Memorandum and Narrative.

Responsibilities:

  • Input and understanding of property rent rolls, leases, and operating statements
  • Review and understanding of borrower credit, including credit report, personal, and business financial statements, personal and business tax returns, and schedule of real estate owned
  • Review borrower organizational documents and accurately present the borrower structure along with Guarantors in the Narrative
  • Review and understanding of preliminary title report
  • Analyze loans to assess the strengths and weaknesses of a transaction and recommend mitigating factors
  • Function as a problem solver (with the assistance of the Team Leader and Manager)
  • Contact/communicate with Commercial Relationship Managers and their assistants to discuss issues and outstanding documentation
  • Prepare Letter of Interest for new loans as needed
  • Review due diligence needs lists prepared by processor
  • Identify and summarize all file conditions on the Loan Credit Memorandum in order to ensure smooth documentation and closing
  • Participate as a proactive member of the credit administration team, from the start of a loan all the way through closing
  • Provide training to processors and commercial credit analysts as needed

Requirements:

  • Bachelor’s Degree or equivalent experience
  • Eight plus years of experience in the commercial real estate underwriting
  • Strong verbal and written communication skills
  • Must have understanding of Global Cash Flow, analysis of business financial statements and spreading software, commercial real estate transactions, lease types, capitalization rates, net operating income, and appraisal analysis
  • Ability to deliver excellent service to teammates, sales staff, and customers
  • Ability to work in a fast-paced environment while delivering accurate and quality work product
  • Knowledge of the Bay Area real estate market preferred
  • Strong communication skills (verbal and written)
  • Ability to handle multiple projects and assignments
  • Excellent organizational skills
  • Proficiency in Microsoft software (Word, Excel, Outlook)
  • Experience in all types of Commercial Real Estate Lending, for example:
  • Owner Occupied, Non-Owner Occupied, SBA 504, Multifamily, Special Purpose


Easy Apply Now
Easy Apply Now
Job Details
Managed by Jobot Pro
Location
Livermore, CA
Job Type
Permanent