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Commercial Loan Underwriter

Company: Logix Federal Credit Union
Location: Burbank
Posted on: January 8, 2019

Job Description:

The Commercial Loan Officer monitors commercial real estate loans for performance and repayment ability as well as underwrites/services commercial participation loans using credit union guidelines as well as all other applicable laws and regulations to ensure sound loan quality and minimal risk or loss to credit union. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned. Analyzes appraisal reports to ensure sound valuation conclusions. Analyzes updated property cash flow statements to determine actual and potential cash flow. Analyzes updated business tax returns, credit reports, and financial statements to determine cash flow, profitability, business value, and sound borrower accounting and reporting practices. Analyzes updated personal tax returns, personal financial statements, and consumer credit reports to determine borrower financial ability and likelihood to pay. Performs periodic review of funded commercial real estate loans. Conduct periodic site visitations on the commercial properties and report recommendations as to the loan grades and required actions to management. Underwrites commercial loan participations analyzing the repayment ability, collateral coverage and risk based pricing including other required due diligence. Analyzes stress test as to both cash flow management and property valuations. Assists in loan loss reserve recommendation. Maintains loan servicing for commercial, participation and SBA loans. With the guidance of the Manager, Business Lending, proposes workout and liquidation plans for the commercial, participation and SBA loans. Ensures that loan servicing file is current and properly documented. Reports updated market studies for both geographical locations and types of properties for commercial real estate. Ensures that loan policy and procedures, services and products meet federal and state regulations as well as investor requirements as applicable. Maintains orderly files with attention to complete and accurate detailing of all problems or correspondence. Maintains open communication with existing business members. Reviews title policies, environmental reports, and other data. The Ideal Candidate Will Have: Must have 3 years commercial real estate underwriting or credit analysis experience Must have direct experience with underwriting new loan originations, multi-family and commercial real estate. Must have working knowledge of California and Western US real estate markets. Must have intermediate to advanced knowledge of Outlook; Internet Explorer; Word and Excel. Experience with Realm Argus is a plus Successful completion of RESPA, FCRA, Reg B, and Reg Z classes within 90 days of employment (to be provided by LFCU). Bachelor's degree (B. S.) or equivalent from four-year college with an emphasis in finance or real estate. Formal credit training from a national or regional bank preferred. Must also demonstrate conduct consistent with our Corporate Values: Practice open Communication with all levels; Be Accountable by taking ownership of customer issues and responsibility for one's actions; Foster Teamwork by cooperating and collaborating with other employees; Seek ways to make the workplace Fun for oneself & others; Conduct oneself with Integrity by being honest, trustworthy and ethical in all work activities and interactions; Work with a Service Orientation by having a genuine concern for the needs of one's customers and by being friendly, professional and following through on commitments; and Demonstrate Humility in all interactions and remember to leave one's ego at the door when one arrives to work. Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.

Keywords: Logix Federal Credit Union, Burbank , Commercial Loan Underwriter, Other , Burbank, California

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