Responsible for supporting the Underwriting team by performing various analysis in order to assist underwriters in the preparation of prescreen packages and loan narratives for presentation to prescreen committee and/or loan committee. Conduct property inspections in the region. Requires approximately 70% travel commitment.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Assist with engagement and review of third-party reports, such as appraisals and engineering reports. Attend site inspection visits and complete lease audit reviews with the senior transaction underwriter to ensure there are no issues with the property or rent roll. Participate in transaction team meetings throughout the underwriting process. Analyze financial statements related to the transaction, such as property operating statements, rent rolls, guarantor financial statements, real estate owned schedules, and credit reports. Ensure, under the review of the senior underwriter, accuracy of and compliance with agency-required forms and third-party reports. Assist the senior transaction underwriter in the analysis and narrative, including a thorough review of borrower credit, income, asset, and property. Upload final documents to the Document Management System. Notify the senior underwriter of deal-specific issues that arise for mitigation and resolution. Work as needed and directed by the senior transaction underwriter to assist the closing department with transaction information during the commitment and closing process. Maintain an updated understanding of applicable agency policies and procedures. Independently learn and stay updated on agency systems, forms and program requirements.
No supervisory responsibility at this level.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelors degree from a four-year college or university required. Prior related experience preferred but not required.
CERTIFICATES and/or LICENSES
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
Requires knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts basic financial analysis.
Ability to understand and carry out general instructions in standard situations. Ability to solve problems in standard situations. Requires intermediate analytical and quantitative skills.
OTHER SKILLS and/or ABILITIES
Proficient in common Adobe and Microsoft applications including: Word, PowerPoint and Excel.Will be required to travel approximately 70% of the time.
SCOPE OF RESPONSIBILITY
Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Errors in judgment may cause short-term impact to co-workers and supervisor.
Location/Region: San Diego, CA