North Island Credit Union · 6 hours ago
Commercial Real Estate Loan Underwriter (San Diego)
San Diego, CA
Full-time
Onsite
Mid Level
3+ years expNorth Island Credit Union is seeking a Commercial Real Estate Loan Underwriter to manage all aspects of underwriting commercial real estate loans. The role involves analyzing financials, credit, collateral, and property evaluations while monitoring the credit union's portfolio risk.
Financial ServicesInsuranceRetirementWealth Management
Responsibilities
Monitors credit union’s commercial real estate portfolio risk through formal Term Loan Review:
Determines documentation required for each loan
Analyzes client’s financials, credit and collateral
Establishes current value of collateral
Reassesses current risk grade
Writes formal loan reviews
Advises relationship manager if a forbearance is warranted
Reschedules a follow-up review date based on loan risk
Communicates with relationship manager, loan participant, and processor
Underwrites credit union’s commercial real estate loans:
Analyzes financials, credit and collateral
Provides relationship manager with initial assessment and additional due-diligence items
Completes analysis and prepares formal presentation
Communicates with relationship manager, loan participant and processor of decision
Performs property evaluations:
Researches and analyzes property data
Reviews current market conditions
Establishes value and writes formal property evaluation to be presented with supporting documents
Reviews annual property inspection reports as delivered by independent contractor
Environment Report and Analysis:
Reviews various environmental reports
Determines risk and additional of due diligence
Discusses findings with relationship manager to determine next steps
Performs additional due diligence based on a review of Environment Data Resources Collateral Screen Alerts
Performs other duties as assigned
Provides support to other areas of the department
Complies with BSA requirements as commensurate with position
Qualification
Required
Excellent abilities in analysis, problem-solving, detail-orientation, customer service, communication (verbal and written), organization, and time-management
Working knowledge real estate secured underwriting required
Minimum three years of work experience in a financial institution underwriting commercial or residential real estate loans to include loan review, loan analysis, property evaluation, environmental analysis or equivalent
Preferred
A four-year college degree in a related field or coursework/training preferred
Company
North Island Credit Union
North Island Credit Union provides wealth management, financial planning, loans, insurance, savings, banking and retirement services.
501-1000 employees
Funding
Current Stage
Late StageRecent News
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