Commercial Real Estate Loan Underwriter (San Diego)

General Summary:

Under general supervision, handles all aspects of commercial real estate loan underwriting.

Principal Accountabilities (95%):

Monitors credit union’s commercial real estate portfolio risk through formal Term Loan Review:

• Determines documentation required for each loan.
• Analyzes client’s financials, credit and collateral.
• Establishes current value of collateral.
• Reassesses current risk grade.
• Writes formal loan reviews.
• Advises relationship manager if a forbearance is warranted.
• Reschedules a follow-up review date based on loan risk.
• Communicates with relationship manager, loan participant, and processor.

Underwrites credit union’s commercial real estate loans:

• Analyzes financials, credit and collateral.
• Provides relationship manager with initial assessment and additional due-diligence items.
• Completes analysis and prepares formal presentation.
• Communicates with relationship manager, loan participant and processor of decision.

Performs property evaluations:

• Researches and analyzes property data.
• Reviews current market conditions.
• Establishes value and writes formal property evaluation to be presented with supporting documents.
• Reviews annual property inspection reports as delivered by independent contractor.

Environment Report and Analysis:

• Reviews various environmental reports.
• Determines risk and additional of due diligence.
• Discusses findings with relationship manager to determine next steps.
• Performs additional due diligence based on a review of Environment Data Resources Collateral Screen Alerts.

Secondary Accountabilities (5%):

• Performs other duties as assigned.
• Provides support to other areas of the department.
• Complies with BSA requirements as commensurate with position.

Position Requirement and Qualifications: 

Abilities:  Excellent abilities in analysis, problem-solving, detail-orientation, customer service, communication (verbal and written), organization, and time-management. 

Knowledge, Education, Certifications, Licenses:   Working knowledge real estate secured underwriting required.  A four-year college degree in a related field or coursework/training preferred.

Experience: Minimum three years of work experience in a financial institution underwriting commercial or residential real estate loans to include loan review, loan analysis, property evaluation, environmental analysis or equivalent.  

Working Conditions and Physical Demands:

Work is performed in a general office environment.  This position does not require significant physical efforts.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.  Refer to the Safety & Health Policy found in California Credit Union’s Employee Handbook & Resource Guide.