What are the responsibilities and job description for the Commercial Loan Underwriter position at REV Federal Credit Union?
Duties & Responsibilities
Assumes responsibility for:
Skills & Qualifications
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
- College degree in business, finance, or a related field; or equivalent experience.
- 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.
- 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.
- Strong leadership and supervisory skills.
- Excellent financial analysis abilities.
- Solid communication and negotiation abilities.
- Strong public relations skills.
