Western Alliance Bank

Commercial Real Estate Underwriter

Req No.
2017-3854
Torrey Pines Bank
Category
Commercial Real Estate Lending
Type
Regular Full Time
San Diego

Overview

The position of Commercial Real Estate Underwriter is responsible for underwriting and coordinating the closing of residential, SBA, construction and commercial real estate loans in compliance with the Bank’s lending policies and procedures. Additionally the CRE Underwriter solicits and negotiates new loans; develops business checking and deposit relationships with customers; and promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services. The Commercial Real Estate Underwriter will assist in attaining established Bank, region and branch goals through active participation in sales management and officer call programs.

Responsibilities

 

  • Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.

 

  • Gathers and analyzes all information necessary to present a financing request to senior management or Loan Committee for approval; meets with existing or potential customers; visiting sites of loans; negotiates loan terms and conditions; approves loans within established lending limits or refers and recommends acceptance to the Chief Credit Officer or Loan Committee.

 

  • Coordinates processing of approved loans; ensures loans are processed according to agreement, customer needs and conform to Bank lending policies; obtains sufficient information and/or documentation from customers; solves problems relative to processing and servicing of loans within his or her portfolio; approves loan disbursements in accordance with agreements.

 

  • Ensures that credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.

 

  • Ensures that certification or deletion of collateral is made by the appropriate personnel.Negotiates, underwrites and processes renewals of credit facilities.

 

  • Approves loan payments, draws from lines of credit, and fund transfers within specified limits.Authorizes commitment, engagement, action and decline letters.

 

  • Consistently applies good decision making techniques pertaining to inquiries, approvals, requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.Verifies funds with mortgage companies and contractors.

 

  • Reviews NSF and overdraft reports for customers assigned within his or her portfolio; approves or declines such exceptions within established lending limits.

 

  • Provides deposit and loan account ratings.Updates and corresponds with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken.Engages in business development activities and solicitation of new business; actively involved in instilling and maintaining a positive sales environment through education of the Bank’s products and services.

 

  • Interviews prospective applicants and requests specified information related to loan or credit application; corresponds or re-interviews applicants to resolve questions regarding application information

Qualifications

  • Bachelor’s degree (BA) from a four (4) year college or university, and minimum of two (2) years or more related experience and/or training; or the equivalent combination of education and experience.
    • Work related experience should consist of a financial analyzing or lending background.
    • Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
    • Experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
  • Experience, knowledge and training in all lending activities and terminology. 
  • Knowledge of commercial, construction, real estate and consumer loan processing. 
  • Advanced knowledge of related state and federal lending and compliance regulations, and other Bank lending policies. 
  • Effective oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.

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