Construction Loan Underwriter

Fremont Bancorporation•Livermore, CA

1d•$90,000 - $120,000

About The Position

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 Commercial Lending 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. The 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.

Requirements

Bachelor’s degree, preferably in Business/Finance/Accounting
5 years’ related experience in Construction and Commercial Real Estate Underwriting required
Demonstrated understanding of Basic Accounting and Financial Statements, understanding of Global Cash Flow, and experience with spreading software
Ability to promote a team atmosphere between underwriting staff and sales staff
Strong communication skills (verbal and written) and professional business etiquette
Ability to work in a fast-paced environment while delivering accurate and quality work product
Excellent organizational skills
Proficiency in Microsoft software

Nice To Haves

Knowledge of Bay Area real estate market preferred

Responsibilities

Screen 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
Serve as a backup for construction loan draw requests
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
Continual 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
Other items as required