Vice President, Commercial Loan Underwriting Manager

Vice President, Commercial Loan Underwriting Manager

We are a professional staffing firm, working with organizations across the country to place exceptional candidates. Currently, we have a Vice President, Commercial Loan Underwriting Manager opportunity with a Bank that offers the opportunity to work for a purpose-driven organization that combines innovative banking technology with a strong commitment to serving communities and helping customers build long-term financial success.

The Vice President, Commercial Loan Underwriting Manager is responsible for the specific duties listed below. Your specific duties will include:

• Management
  • Manage Underwriters of multifamily, commercial real estate and commercial loans.
  • Ensures Underwriters complete clear and detailed analysis based on a thorough understanding of debt service ratios, cash flow, appraisals, credit analysis, CAP rates, etc.
  • Ensures commercial and multifamily underwriting compliance to protect the bank and achieve satisfactory audit ratings.
  • Independently manages and reviews appraisals, environmental reports, and inspections to verify property qualifies as loan collateral.
  • Provides input to improve Banks policies and procedures to ensure effective credit management.
• Teamwork
  • Interfaces with Loan Consultants, brokers and management in preparing loan packages for Senior Loan Committee approval.
  • Answers inquiries regarding the Bank's current loan programs, policies and pricing.
  • Works closely with loan processors and funders to ensure effective completion of the loan origination process.
  • Performs other duties to support the overall Lending Department as assigned.
• Regulatory Knowledge
  • Equal Credit Opportunity Act (Regulation B)
  • Fair Housing Act
  • Home Mortgage Disclosure Act (Regulation C)
  • Flood Disaster Protection Act
  • Bank Secrecy Act

Required qualifications for the position include :

• A minimum of 5-years of multi-family residential underwriting experience.
• A thorough understanding of 5-75 multi-family units and commercial real estate underwriting guidelines and process.
• Excellent analytical skills.
• Excellent verbal and written communication skills.
• Advanced computer skills.
• High School Diploma required, bachelor's degree preferred.
• A high-level understanding of compliance regulations.

Pay Rate Range: $130,000 - $140,400 for salaried position. Compensation may vary outside of this range depending on a number of factors, including a candidate's qualifications, skills, competencies, and experience, and location. Employees have access to healthcare benefits, including medical, dental, and vision as well as a 401(k) plan.

Workway, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances.