Sr. Construction Underwriter

Job Title: Sr. Construction Underwriter
Location: Livermore, CA
Hiring Salary Range: $93,200 – $143,700 annually

Position Summary
Fremont Bank — one of the Bay Area’s most respected and long-standing financial institutions — is seeking a strategic, hands-on professional to join and help advance our Construction Loan Operations team. This is a high-impact opportunity to contribute to the success of a mission-driven organization committed to excellence, community service, and strong client relationships.

If you're energized by purpose-driven work, collaboration, and delivering meaningful results, we’d love to connect.

Why Fremont Bank?
Founded in 1964, Fremont Bank is one of the oldest independently owned banks in the Bay Area and has been consistently recognized as a Top Workplace for the past 15 consecutive years. Our foundation is built on relationships — with our clients, our associates, and our communities.

We offer:

• A people-first culture grounded in inclusion and excellence
• Deep community involvement and local reinvestment
• A mission-driven workplace where values and performance go hand in hand

The Fremont Bank Way

• Full-Service Banking with comprehensive financial solutions, advanced technology, and exceptional service
• No-Compromise Approach — we help clients get to "yes"
• Core Values:
  o   Go above and beyond for clients
  o   Foster a supportive and empowering environment for associates
  o   Deeply invest in the well-being of our local community

Role and Responsibilities

• Screen all 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; prioritize transactions and keep the pipeline accurate and current
• Perform spreadsheet and narrative credit analysis on construction projects
• Analyze and spread borrower credit, including credit report, 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; identify and summarize 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
• Manage and review workflow to ensure the department’s SLA are achieved and credit policy and guidelines are adhered to for all credits
• Address/resolve exception items noted from Loan Review/Audit Department
• Continually do process improvement assessment and implement revisions to the process as necessary
• Communicate with appropriate Director(s) and/or Executive Management on recommendations for improving efficiency, productivity and quality of output
• Ability to promote a team atmosphere between underwriting staff and sales staff

Position Overview
The Senior 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 Bank’s loan underwriting system and presents it to management and loan committees.  Visits construction sites, documents on-going project progress, and reviews construction draws as needed. 

Salary : $93,200 - $143,700