What are the responsibilities and job description for the Commercial Loan Underwriter position at REV Federal Credit Union?
Duties & Responsibilities
Assumes responsibility for:
- Work with Commercial Loan Officers to assess loan opportunities, identify key risks, and develop a wide range of
loan structures. - Review credit files to make sure financial statements are complete and organized.
- Spread financial statements (personal and business).
- Perform in-depth financial analysis of borrowers applying for loans.
- Participate in the analysis, evaluation, and underwriting of proposed credit opportunities.
- Conduct research on borrowers, market areas, and industries.
- Make recommendations to management regarding credit decisions, risk ratings, and credit structures in accordance
with REV Federal Credit Union’s policy and procedures. - Prepare credit memo for loan approval, and ensure all supporting documentation is complete.
- Prepare in-depth loan packages and executive summaries that identify, analyze, and properly structure the credit,
including but not limited to CRE, C&I, construction, and government lending programs such as SBA 504 and SBA
7(a). - Make decisions rooted in the best interest of the membership of REV Federal Credit Union, the Business Solutions
Team, and the borrower. - Interact professionally with the borrower, guarantors, and other professionals involved in the transaction (such as
appraisers, attorneys, contractors, inspectors, other lenders, etc.). - Aid in the annual review of existing commercial loans.
- Be knowledgeable of all the requirements and processes for bought and sold participation loans.
- Develop familiarity with all loan policies and procedures of REV Federal Credit Union.
- Be knowledgeable of all the underwriting requirements for REV Federal Credit Union.
- Understand and follow all NCUA regulations and guidelines.
- Other duties as assigned.
Skills & Qualifications
EDUCATION/CERTIFICATION:
- College degree in business, finance, or a related field; or equivalent experience.
REQUIRED KNOWLEDGE:
- Thorough understanding of CRE, C&I, and construction lending.
- Complete knowledge of commercial lending requirements, and documentation.
- Understanding of collections procedures and related legal actions.
- Familiarity with property management.
- Understanding of Real Estate Appraisal techniques (commercial) and title issues.
- Lien perfection and monitoring practices for Real Estate and non-Real Estate collateral
- Thorough understanding of loan documentation and closing.
EXPERIENCE REQUIRED:
- Minimum of five years of related commercial lending experience.
- Supervisory experience very helpful.
- Experience handling problem loans and loan workouts.
- Experience with the foreclosure process and related litigation.
SKILLS/ABILITIES:
- Strong leadership and supervisory skills.
- Excellent financial analysis abilities.
- Solid communication and negotiation abilities.
- Strong public relations skills.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
