Underwriting Analyst- Agency

PNC Bank • San Francisco, CA

2d • $43,000 - $89,700 • Onsite

About The Position

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As a Construction Loan Servicer within PNC's Agency Finance - FHA organization, you will be based in San Francisco, CA. Specific duties as a Construction Loan Servicer will include, but are not limited to, preparing monthly bills, preparing and submitting GNMA packages, reviewing and preparing escrow releases, requesting Title endorsements, maintaining and establishing tickler systems for construction loans, setup ATP templates for monthly draw funding’s, funding monthly draws and coordinate fundings with title companies, reviewing documentation for fundings, maintaining filing, monitoring the construction loans and heavy communication with HUD, GNMA and borrowers. The Construction Servicer will also help with Quality Control. They will work with the Quality Control Manager to assist on compliance controls, help with writing brief procedures, coordinate meetings and miscellaneous projects. The work performed by the Construction Servicer consists of working primarily with the HUD affordable 221(d)4 substantial rehabilitation and new construction programs. The department is responsible for servicing all HUD construction loans. These loans can be on LIHTC affordable, Section 8 or market rate multifamily projects. The ideal candidate will have previous multifamily servicing experience in FHA or other Agency lending and background of quality control/writing procedures. Within the day, there will be a predictable level of activity, with a pace set by client demands and project deadlines. In your role, you will draw upon your ability to collaborate, your communication skills, especially related to client contact, and your ability to solve problems. PNC's commitment to leadership in FHA lending means you will always be at the leading edge of industry. You will report to the Construction Servicing Manager. PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position. Job Description Under direct supervision, completes basic due diligence, document processing and financial/statistical analysis in support of the underwriting function. May assist in preparation of business case for credit approval, but does not have credit approval authority.

Requirements

• Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role.
• Roles at this level typically require an Associates or equivalent degree as well as related experience or product knowledge to accomplish primary duties.
• Typically requires 4+ years of related business or functional experience.
• In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
• Associates

Nice To Haves

• Credit Decisions
• Decision Making
• Financial Analysis
• Identifying Risks
• Process Improvements
• Results-Oriented
• Risk Assessments

Responsibilities

• Performs basic due diligence, including reviewing relevant forms, providing analysis and ordering reports.
• Assists in the underwriting process by ensuring the accuracy and/or completeness of relevant information and documents.
• Performs basic financial analysis, such as cash flow and collateral analysis.
• Researches/responds to internal/external customer questions and inquiries.
• Knowledge of IRS Code Section 42 and 47, equity structures and documentation, market research (including onsite inspections and market comp analysis, and 3rd party or external guidelines.

Benefits

• PNC offers a comprehensive range of benefits to help meet your needs now and in the future.
• Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.
• In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.
• To learn more about these and other programs, including benefits for full time and part-time employees, visit pncthrive.com .

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree