Job Summary:
Responsible for overseeing all stages in the Commercial Real Estate loan process, from initial qualification to loan funding. Ensure that all multi-family, commercial, and unsecured loans are analyzed, underwritten, and processed in a timely manner while achieving a high level of customer service. Responsibilities primarily focus on underwriting commercial real estate loans but may include analysis of other loan types including but not limited to unsecured lines, stock secured loans, and complex residential loans.
Duties And Responsibilities:
• Write loan narratives which include the analysis of both client financials and a variety of income property including but not limited to multi-family, commercial, mixed-use, and industrial properties. Underwrite Unsecured Lines of Credit and some complex residential loans. The underwriting entails analyzing and summarizing appraisals, rent rolls, leases, and property cash flow to evaluate operating performance, trends, and risks. It also entails analyzing borrower tax returns (business and personal returns), financial statements, real estate schedules, liquidity positions, financial ratios, recurring sources of cash flow, and client ability to service debt (approximately 50% of time).
• Size and qualify loans for approval and present deals to Executive Loan Committee (ELC). Collaborate with Sales Associates, ELC, and clients to help determine loan structure, loan amounts, and products.
• Communicate directly with clients to obtain missing financial information and answer questions related to deals.
• Print and organize all financial documentation and compile loan files. Review loan files for completeness, identify missing documentation, and generate needs list for clients and Sales Associates.
• Complete property inspections with Executive Loan Committee and appraisers to ensure loans are adequately secured. Identify and report to Sales Associates any risks related to loan collateral and/or client financial state.
• Complete some basic loan processing, such as entering loans on Loan Originator System.
• Order third party reports and open escrow. Work with all third parties to ensure reports are completed on time.
• Manage loans through closing and funding stage. Work with escrow to coordinate closings.
• Update Maturity Report and Assist Loan Monitoring Group with collecting any financial information needed for financial covenants.
• Manage constant deal flow and prioritize to ensure loans close on time with high degree of accuracy in a deadline-oriented environment.
• Work positively and proactively with all members of the team.
• Cross train other team members, when applicable.
• Work on special projects for Sales Associates, as needed.
Position Dimensions:
Internal Contacts: Executive Loan Committee (ELC), Sales Associates, Preferred Bankers, Support staff
External Contacts: Clients, Appraisers, Realtors, Environmental Organizations, Title Companies
Skills, Knowledge and Abilities:
• High school diploma required; college degree preferred.
• Experience in underwriting multi-family and commercial real estate loans.
• Advanced analytical skills, with a focus on underwriting commercial real estate and client financial data.
• Familiarity with commercial real estate appraisals.
• Ability to multi-task and work in fast paced/deadline oriented environment.
• Effective written and oral communication skills.
• Detail Oriented.
• Proactive, positive, and open-minded attitude with high degree of accountability and ability to work independently and with the team.
• Advanced Excel and Word skills.
• Excellent customer service skills and willingness to communicate with all members of team.
Responsible for overseeing all stages in the Commercial Real Estate loan process, from initial qualification to loan funding. Ensure that all multi-family, commercial, and unsecured loans are analyzed, underwritten, and processed in a timely manner while achieving a high level of customer service. Responsibilities primarily focus on underwriting commercial real estate loans but may include analysis of other loan types including but not limited to unsecured lines, stock secured loans, and complex residential loans.
Duties And Responsibilities:
• Write loan narratives which include the analysis of both client financials and a variety of income property including but not limited to multi-family, commercial, mixed-use, and industrial properties. Underwrite Unsecured Lines of Credit and some complex residential loans. The underwriting entails analyzing and summarizing appraisals, rent rolls, leases, and property cash flow to evaluate operating performance, trends, and risks. It also entails analyzing borrower tax returns (business and personal returns), financial statements, real estate schedules, liquidity positions, financial ratios, recurring sources of cash flow, and client ability to service debt (approximately 50% of time).
• Size and qualify loans for approval and present deals to Executive Loan Committee (ELC). Collaborate with Sales Associates, ELC, and clients to help determine loan structure, loan amounts, and products.
• Communicate directly with clients to obtain missing financial information and answer questions related to deals.
• Print and organize all financial documentation and compile loan files. Review loan files for completeness, identify missing documentation, and generate needs list for clients and Sales Associates.
• Complete property inspections with Executive Loan Committee and appraisers to ensure loans are adequately secured. Identify and report to Sales Associates any risks related to loan collateral and/or client financial state.
• Complete some basic loan processing, such as entering loans on Loan Originator System.
• Order third party reports and open escrow. Work with all third parties to ensure reports are completed on time.
• Manage loans through closing and funding stage. Work with escrow to coordinate closings.
• Update Maturity Report and Assist Loan Monitoring Group with collecting any financial information needed for financial covenants.
• Manage constant deal flow and prioritize to ensure loans close on time with high degree of accuracy in a deadline-oriented environment.
• Work positively and proactively with all members of the team.
• Cross train other team members, when applicable.
• Work on special projects for Sales Associates, as needed.
Position Dimensions:
Internal Contacts: Executive Loan Committee (ELC), Sales Associates, Preferred Bankers, Support staff
External Contacts: Clients, Appraisers, Realtors, Environmental Organizations, Title Companies
Skills, Knowledge and Abilities:
• High school diploma required; college degree preferred.
• Experience in underwriting multi-family and commercial real estate loans.
• Advanced analytical skills, with a focus on underwriting commercial real estate and client financial data.
• Familiarity with commercial real estate appraisals.
• Ability to multi-task and work in fast paced/deadline oriented environment.
• Effective written and oral communication skills.
• Detail Oriented.
• Proactive, positive, and open-minded attitude with high degree of accountability and ability to work independently and with the team.
• Advanced Excel and Word skills.
• Excellent customer service skills and willingness to communicate with all members of team.