Commercial Loan Underwriter

Salt Lake, UT - USA

Monthly Salary: Not Disclosed

Posted on: 13 hours ago

Vacancies: 1 Vacancy

Job Summary

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Job Description:

$5000 Signing Bonus Offered

The Commercial Loan Underwriter reports directly to the Credit Department Manager. The role involves thorough assessment of financial statements credit reports and collateral to ensure the loans security and the banks profitability. The underwriter works closely with the loan officers and loan processors to ensure compliance with lending policies and regulations.

Experience and Skills:

Skills and Abilities:

Credit Analysis: Analyze financial statements (income statements balance sheets cash flow) tax returns and business plans to assess borrowers creditworthiness.

Risk Assessment: Evaluate collateral and conduct industry risk analysis to mitigate potential losses.

Loan Structuring: At times assist in structuring loan terms and conditions based on the risk profile of the applicant and recommend appropriate loan products.

Compliance: Ensure loan applications meet the banks lending policies regulatory guidelines and risk management procedures.

Financial Projections: Assess future financial performance assumptions and cash flow forecast to determine repayment ability.

Reporting: Prepare detailed well written credit approval documents (CAD) and risk assessment for senior loan committee members and or board members. Periodically attend loan committees.

Credit Approvals: Make recommendations for loan approval or rejection.

Collaboration: Work closely with loan officers credit analysts and if necessary with legal to ensure smooth processing and risk management.

Documentation Review: Ensure all necessary documentation is in place and accurate for loan closing and funding.

Experience:

2 - 5 years previous Credit Analyst or loan underwriting experience.

Proven experience in commercial lending or credit environment.

Strong analytical skills and financial acumen.

Knowledge of regulatory and compliance standards in commercial lending.

Experience with SBA 7(a) Express CAP Line and SBA/USDA eligibility and underwriting criteria.

Strong attention to details communication and decision-making skills.

Microsoft Word and Excel capabilities.

Ability to manage multiple loan files and deadlines simultaneously.

Education:

Bachelors Degree in related field or equivalent work experience.

Complete other general office duties.

The Family and Medical Leave Act (FMLA)

The Employee Polygraph Protection Act (EPPA)

Know Your Rights: Workplace Discrimination is Illegal U.S. Equal Employment Opportunity Commission

Benefits

Medical (low deductibles and employer pays 75% of premiums) Dental Vision 401k (5% employer match) FSA Company paid Life and Disability Paid Time Off 13 paid holidays (including your birthday) tuition reimbursement excellent work/life balance and employee events!

Invite a friend Job Description:$5000 Signing Bonus OfferedThe Commercial Loan Underwriter reports directly to the Credit Department Manager. The role involves thorough assessment of financial statements credit reports and collateral to ensure the loans security and the banks profitability. The u...

Invite a friend

Job Description:

$5000 Signing Bonus Offered

Experience and Skills:

Skills and Abilities:

Experience:

2 - 5 years previous Credit Analyst or loan underwriting experience.

Proven experience in commercial lending or credit environment.

Strong analytical skills and financial acumen.

Knowledge of regulatory and compliance standards in commercial lending.

Experience with SBA 7(a) Express CAP Line and SBA/USDA eligibility and underwriting criteria.

Strong attention to details communication and decision-making skills.

Microsoft Word and Excel capabilities.

Ability to manage multiple loan files and deadlines simultaneously.

Education:

Bachelors Degree in related field or equivalent work experience.

Complete other general office duties.

The Family and Medical Leave Act (FMLA)

The Employee Polygraph Protection Act (EPPA)

Know Your Rights: Workplace Discrimination is Illegal U.S. Equal Employment Opportunity Commission

Benefits

Key Skills

Loan Processing
Computer Skills
Fraud
Math
Banking
Pricing
Analysis Skills
Fair Housing Regulations
Underwriting
Financial Analysis
negotiation
Phone Etiquette

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About Company

First Utah Bank

First Utah Bank is a true community bank, wholly-owned and operated by people who live and work right here in Utah. Get to know us, and see how we’re redefining possible, one relationship at a time.

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Commercial Loan Underwriter

Salt Lake, UT - USA

Job Summary

Job Description:

Experience and Skills:

Benefits

Job Description:

Experience and Skills:

Benefits

Key Skills

About Company

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