Commercial Loan Underwriter

Company: Phyton Talent Advisors
Location: Iselin
Posted on: May 16, 2022

Job Description:

Our client, a Real Estate Investment Company is looking for a Commercial Underwriter to join their team: KEY RESPONSIBILITIES: Assist in establishing underwriting guidelines, including fraud prevention guidelines. Underwrite mortgage loans in compliance with company underwriting guidelines and any applicable regulatory requirements. Collaborate with loan processors and loan officers to complete the underwriting analysis in a timely manner. Review loan files for completeness, identify missing documentation, and generate condition lists for applicants Supervise underwriting staff with respect to adherence to underwriting guidelines and procedures Ensure that the correct loan-level data is in the loan origination system. Responsibility and accountability for reviewing all loans written by the underwriting staff prior to submission to closing. Work with loan processors and closers to ensure that a smooth handoff of the files occurs. Manage constant deal flow and prioritize to ensure loans close on time with a high degree of accuracy in a deadline-oriented environment. Identify and report any suspected fraudulent activity occurring with any stakeholder and escalate issues to the appropriate management when necessary. Keep abreast of all company policies and procedures as well as federal and state regulatory changes by participating in in-house training events. REQUIRED SKILLS AND KNOWLEDGE : Thorough knowledge of private first mortgage lending and the origination and management of non-owner occupied, residential property-back commercial/business purpose loans. Direct experience in underwriting non-owner occupied, residential property-back commercial/business purpose loans. Knowledge of and familiarity with loan origination and loan management systems Real estate lending experience in the banking industry, and experience in and knowledge of title, legal, foreclosure, bankruptcy, valuation and other real estate lending areas. Strong written and verbal communication skills. Is self-motivated and highly organized. Possess solid computer/technology skills. Solid time management skill and the ability to prioritize multiple competing tasks. Establish and maintain effective working relationships with individuals at all levels. High ethical standards and ability to maintain confidentially. EXPERIENCE & QUALIFICATIONS: Education: Bachelor---s Degree Experience: 1-3 years residential mortgage lending experience with good knowledge of lending regulations and credit/collateral analysis practices. Experience in underwriting or processing non-owner occupied, residential property-back commercial/business purpose loans aka ---fix & flip--- and ---hard money--- loans a plus. Construction lending and/or FHA (203 (k) lending a plus

Keywords: Phyton Talent Advisors, New York , Commercial Loan Underwriter, Other , Iselin, New York