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Commercial Loan Underwriter in Huntington Beach, CA at Nuvision Credit Union

Date Posted: 4/7/2018

Job Snapshot

Job Description

The Commercial Loan Underwriter (CLU) will evaluate and analyze business loan requests for commercial and small business loans and lines of credit, including SBA loans. The CLU is responsible for all aspects of underwriting including but not limited to spreading of financial statements, calculation of cash flow ratios as well as the completion of loan packages and mitigating any possible exposure to losses. Conducts Annual Loan Reviews of portfolio, which will include site visits. The CLU will ensure that member business loans are compliant with NuVision policies and NCUA regulatory requirements. The CLU will be involved in writing/updating procedures relating to Commercial Lending. In addition, this position performs duties that support all commercial and small business underwriting policies and procedures; maintains quality control processes; and shares responsibility for off-site special events related to Business services and delivery methods.

Responsibilities:

  • Analyzes Business Loan data, performance, projected results, risks and mitigating factors, which includes site visits, business owner meetings and collateral/inventory review. Prepares, reviews and analyzes the creditworthiness of commercial real estate loan originations and existing loans by conducting: cash flow analysis for all loans to include when appropriate a property DSCR, a Business DSCR, a Global DSCR, Net Worth calculations and all ratios pertinent to a sound lending decision. Evaluates financial statements, historical trends, projections, management performance, industry, cash flow, capital structure and collateral analysis and validation of all appraisals and LTV’s.
  • Prepares written summary for underwriting (internally and for third parties) of loan terms and conditions along with a written narrative explaining business background, outlining risk factors, recommendations and justifying assigned risk rating, ensuring conformity with credit union policy and procedures and with applicable credit union regulations.
  • Analyzes industry data, competitive factors, and pricing recommendations.
  • Writes/updates procedures relating to Business Loans.

Job Requirements

Qualifications:

  • Must have 3 years business and commercial lending underwriting experience in financial institution.
  • Requires a working knowledge of commercial loan files and the relevant documents contained therein and all governing regulatory laws and guidelines including but not limited to NCUA, SBA, USPAP and CPCU, CIC, AU and UCC regulations.
  • Demonstrated ability to spread commercial financial statements accurately, analyze results and present a summary of findings is required.
  • Strong Proficiency in Microsoft Word and Excel is required. Strong Cash Suite experience is preferred.
  • Excellent oral and written communication skills and ability to listen. Strong analytical, conceptual and writing skills.
  • 4 year Degree (in Business or related field) or equivalent is required.