Commercial Underwriter
Company: Jobot
Location: Livermore
Posted on: August 6, 2022
Job Description:
Commercial Underwriter - SBA - MultifamilyThis Jobot Job is
hosted by: Brett TolmieAre you a fit? Easy Apply now by clicking
the "Apply Now" button and sending us your resume.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 matchJob DetailsCurrently 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 neededRequirements:
- 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 PurposeInterested in hearing more? Easy Apply now by
clicking the "Apply Now" button.
Keywords: Jobot, Livermore , Commercial Underwriter, Other , Livermore, California
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