Construction Underwriter

Position Summary:

Under the direction of the SVP, Director of Construction, the Construction Underwriter will coordinate with Loan Officer(s), Loan Processor(s), Asset Underwriter(s), Risk, and Legal departments to ensure a complete construction file has been received to proceed with the underwriting of the collateral portion of the file, and to ensure post-closing fund control is a smooth process for borrowers. The Construction Underwriter will present the underwriting findings to Management to proceed with loan decision.

Essential Function

• sAnalyze construction project feasibility, working closely with the lending team to review budgets, schedules, market data, and the borrower’s ability to complete the project to structure and approve loan
• sEvaluate contractor qualifications, construction contracts, and project team experienc
• eDetermine the proper Title Endorsements required depending on the property location and loan characteristics, i.e., survey, lien priority, or municipal or state laws and requirement
• sReview documents for accuracy and discrepancies, including contracts, addendums, assignments, plans, permits, etc
• .Review final loan structure reflected on loan page to ensure it matches intended structure from lending tea
• mUnderstand how to calculate and review loan metrics within guideline
• sReview plans, permits, rehab budget, and reconciliation of costs spent to dat
• eReview appraisal (1004, 1025, Land, Commercial, or desk review) for completeness and conformity with USPAP and FIRREA guideline
• sReview values and determine if sufficient to move forward with initial structuring and loan approva
• lReview special conditions required prior to docs or prior to fundin
• gEnsure compliance with loan policies and guideline
• sReview third party reports (appraisals, environmental feasibility, and inspection reports
• )Identify and mitigate risk related to zoning, permits, market conditions, and construction complexit
• yPrepare underwriting documentation, including risk assessments and recommendations for approval or denia
• lProvide personalized client service to meet borrower need
• sEscalate issues as needed for review and second approva
• lUpdate internal management tracking system dail
• yDetermine Prior to Doc, Prior to Funding, and Post Close condition

s
Competencies/Skil

• lsSelf-motivated with strong desire to succe
• edStrong attention to detail with the ability to stay organized and problem-solve in a fast-paced environme
• ntAbility to articulate issues, problem-solve and analyze with creative and out-of-the-box thinki
• ngStrong communication skills (written and verbal) with internal and external partners; ability to convey findings in a concise and comprehensive mann
• erEffective organization and time management skil
• lsCapability to build trusting relationships internally and externally and elicit confidence by demonstrating reliabili
• tyStrong team player with the ability to work effectively in a cooperative and diverse environme
• ntCapacity to analyze processes, support change and think operationally and strategically to achieve business goa
• lsAdvanced use of Microsoft Office Sui
• teDetail oriented and organized with ability to multi-ta
• skAbility to think subjectively and determine a logical soluti
• onAdapts to change easily in a fast-working environme
• ntFollows direction easi

ly
Education and Experie

• nceHigh school diploma or equivalent, requi
• redBachelor’s degree, prefer
• redMinimum 4 years construction loan underwriting or related experience, or on-site construction experience, General Contractor, or Engineering backgro
• undPrivate money and construction lending experience a p
• lusResidential Project Management experience a p
• lusSolid understanding of the construction process and project cadence from entitlements to complet
• ionProficient in MS Word and Ex
• celStrong interpersonal and communication skills with exceptional follow-through abilit
• iesExcellent verbal and written communication ski

lls
Salary range for this position will fall between $90k and $

95k.
Accessibi

lity:At Archwest, we will make reasonable accommodation to enable individuals with disabilities to perform essential functions. Please just let us know by contacting us at rosemaria@archw