Mortgage Loan Underwriter - Level III

Location: Bronx, NY
Date Posted: 11-11-2017
 Under minimal supervision, the Loan Underwriter Level III will be responsible for managing loan portfolio, evaluating loan applications, underwriting, and maintaining existing customer relationships.


Functions
  • Coordinating work within different departments to collect and verify information and documentation, for accuracy, consistency, completeness, and compliance with Bank policies.
  •  Review and Analyze financial information in order to determine profitability and strength of a guarantor or borrower while adhering to risk management and underwriting policies & procedures.
  • Perform financial and cash flow forecasting analysis to include key financial ratios in order to determine debt repayment and profitability, as well as identify how industry trends may have an impact the credit and or borrower’s performance.
  • Prepare credit proposals with respect to financial standing and make recommendations to the Bank’s Loan Committee and/or Board of Directors for approval or denial.
  • Review of third party vendor reports while communicating with the respective parties to resolve any discovered discrepancies.
  • Prepare credit proposals with respect to financial standing and make recommendations to the Bank’s Loan Committee and/or Board of Directors for approval or denial.
  • Manage and monitor existing commercial loan portfolio to include performing annual credit reviews, plus ensuring compliance with terms of loan agreement and recommending corrective action as needed; portfolio includes complex accounts.
  • Manage non-loan credit products to include ACH and Overdrafts for new and existing customers.
  • Perform annual credit reviews, to include spreading of annual and interim financial statements, and perform ongoing maintenance of assigned portfolio of borrowers.
  • Manage underwriters and processors, and review their work while providing feedback regarding the quality and completeness of credit approval memos.
Education/Training:
  • B.S. or B.A. or higher in Business, Economics, Accounting, Finance; Real Estate Development or related certifications.
 
Experience: 
  • A minimum of 3 years of experience in underwriting of consumer  loans, construction loans, C & I, and mortgages) with SBA 7a & 504 loans, and not-for-profits as a +.
  • Transactions up to $15MM
 
APPLY TODAY FOR IMMEDIATE CONSIDERATION!!!
 
Thank you,
 
Meg Reilly
VP of Recruiting
EMAIL: meg@nationalmortgagestaffing.com
TOLL FREE: (800) 603-1651
FAX: (480) 287-9066
http://www.nationalmortgagestaffing.com
http://www.linkedin.com/company/national-mortgage-recruiter
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