Commercial Loan Underwriting Officer

Overview
The Commercial Loan Underwriting Officer is responsible for consistently underwriting safe and sound commercial loans that are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations.  The position assists loan officers in managing customer relationships by providing advanced credit analysis and support, thereby ensuring the needs of a borrower are met by underwriting the appropriate type of loan.

Essential Duties

• Consistently underwrites safe and sound commercial loans in an expedient manner that are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations.
• Analyzes financial data related to new and renewal loan requests, including, but not limited to, lines of credit, asset-based lines, commercial real estate, and equipment financing loans.
• Carefully assesses and evaluates the risk of financing requests within the framework of the Bank’s credit culture and current economic and industry trends, and presents facts and offers opinions/recommendations to loans officers and relationship personnel concerning applicant’s credit worthiness.
• Reviews self-employed, corporate and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers’ income, and follows up with customers to obtain all necessary information and clarification on financial analysis materials and resources. May work with attorneys and other financial or legal resources to obtain correct and accurate documents to fully protect the Bank’s interests in the credit relationship.
• Establishes and maintains a close working relationship with loan and relationship officers, participates in customer and business development calls and other marketing efforts, assists loan and relationship officers in managing customer relationships by providing advanced credit analysis and support, thereby ensuring the needs of a borrower are met by underwriting the appropriate type of loan, and works with loan and relationship officers to create solutions for problems that arise during the underwriting process.
• Orders and reviews credit and insurance reports, flood zone determinations and UCC filings, performs title searches and reviews site inspections, and ensures the Bank’s collateral position can be appropriately achieved and protected.
• Reviews and corrects potential problems during the commercial loan approval process, such as issues related to credit history, nonconforming appraisals, policy exceptions, etc.
• Prepares summary and/or credit approval report documenting credit analysis and supporting information for credit decision recommendations.
• Drafts loan agreements in collaboration with loan and relationship officers, reviews documents for accuracy, completeness and adherence to approval conditions, and ensures loan agreements are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations.
• Ensures customer is approved for all ancillary products, and makes recommendations to loan and relationship officers on potential customer needs.
• Authorizes and provides verbal and written letters of commitment for each loan decision detailing required documentation, loan interest rate, as well as the fees and amount approved, provides related correspondence to loan officers, borrowers, and others.
• May directly manage a portfolio of smaller credits as assigned by Credit Administration.
• Develops and maintains an advanced knowledge of financial industry, economy, market conditions, rates, vendors and competition, remains informed of trends and developments in local market and changes to regulations governing commercial loans, and assimilates new government regulations and applies this knowledge to improve and maintain quality and consistent underwriting.
• Assists in the development and training of Commercial Loan Department personnel.
• Responds to inquiries or refers inquiries to the appropriate department or person, and exhibits the necessary follow through with customers and/or staff involved.
• Consistently applies superior decision making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.

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