JOB DESCRIPTIONAPPLY Underwriter I
Responsible for underwriting, analyzing and evaluating basic multi-family, mixed-use and commercial real estate loan transactions. Reviews credit reports, property appraisals, income tax returns and otherfinancial information to conduct proper due diligence on loan applicants. Regular contact with internal departments and outside brokers and attorneys required.
Reviews property operating statements and prepares property valuations and cash flow analyses for various types of income producing properties utilizing bank models. Reviews publicly available information for comparison to historical property expenses (i.e. Real Estate Tax Assessments, water and sewer bills, etc.) and current property details/condition. Reviews appraisals for conformity with initial loan sizing, underwriting and consistency. Prepares and structures written loan committee presentations to ensure compliance with established policies and procedures. Analyzes the creditworthiness of potential borrowers using credit reports, financial statements, income tax returns, organizational documents, payment histories for existing loans, etc. Serves as liaison between loan officer and mortgage broker / borrower. Prepares daft loan commitments and commitment modifications for review by a Mortgage Lending Officer.
EDUCATION AND EXPERIENCE
Bachelor's Degree, preferably with a major in Business, Finance or Accounting. Two years of experience performing analytical functions preferred.
KNOWLEDGE, SKILLS AND ABILITIES
Knowledge of basic financial principles. Ability to comprehend financial statements. PC literate with working knowledge of Microsoft Office Word, Excel, PowerPoint and database management skills. Strong analytical skills. Strong attention to detail. Excellent customer service skills. Ability to work well individually and within a team environment. Ability to multi-task and manage a high volume workload accurately and effectively.