Position Overview
The Construction Loan Underwriter evaluates and underwrites new construction loans and extension requests for the existing loan portfolio. Works with Commercial Relationship Managers (CRMs) to complete an initial project analysis, loan sources, and uses, and assists in overall structuring of construction loans. Collects, reviews, and analyzes financial data, including borrowers tax returns and financial statements, as well as data supporting a given construction project. Prepares quality narrative presentations within the Banks loan underwriting system and presents them to management and loan committees. Visits construction sites, documents on-going project progress, and reviews construction draws as needed.
Role and Responsibilities
Screen new loan requests regarding structure, purpose, and source of repayment before submitting for further approval and processing.
Manage loan pipelines for loans in process and maturing construction loans, prioritizing transactions and keeping the pipeline accurate and current.
Perform spreadsheet and narrative credit analysis on construction projects.
Analyze and spread borrower credit, including credit reports, personal and business financial statements, personal and business tax returns, schedule of real estate owned, property rent rolls, leases, and operating statements.
Review borrower organizational documents and accurately present the borrower structure along with Guarantors in the Narrative.
Review and aid the loan processor in decisioning preliminary title reports.
Prepare and recommend Loan Credit Memorandums, identifying and summarizing all file conditions on the Loan Credit Memorandum to ensure smooth documentation and closing.
Present loan recommendations to credit committees or senior management for approval.
Work with the loan processor to review outstanding conditions through the loan closing process.
Coordinate with the Loan Documentation group to ensure prompt documentation and funding.
Review construction loan documentation.
Assist in portfolio management functions, such as risk rating assessments, loan servicing requests, and special asset transfers.
Provide training to processors and commercial credit analysts as needed.
Serve as a backup for construction loan draw requests.
Manage and review workflow to ensure the departments SLA (Service Level Agreement) are achieved and credit policy and guidelines are adhered to for all credits.
Address and resolve exception items noted from Loan Review.
Audit Department
Continual process improvement assessment and implement revisions to the process as necessary.
Communicate with appropriate Directors and/or Executive Management on recommendations for improving efficiency, productivity, and quality of output.
Other items as required.
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