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