Commercial Lending - Commercial Underwriter - Full Time - Remote (AK,AZ,NV,WA)

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


* Supports and participates in continuous improvement activities.


* Represents the Credit Union in a positive and professional manner.


* Other related duties as assigned


* Maintains member and other sensitive information with confidentiality.


* Treats all team members and members with respect

Minimum Qualifications:


* 3 years Business, commercial, lending underwriting experience, including recent SBA 7A & 504 loan underwriting experience, in a financial institution


* Solid knowledge of Commercial and Business Lending as well as Underwriting


* 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, UCC...