Commercial Loan Underwriter

Job Description

The Commercial Loan Underwriting Officer is responsible for evaluating commercial loan applications, conducting detailed financial analysis, and making credit recommendations in accordance with established lending policies and applicable regulations. This role supports commercial lenders and relationship officers by assessing borrower creditworthiness, identifying potential risks, and structuring appropriate financing solutions. The position works with commercial real estate, lines of credit, asset-based lending, and equipment financing.

Job Responsibilities

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• Analyze new commercial loan applications and renewals, including commercial real estate, lines of credit, asset-based lending, and equipment financing.
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• Review borrower financial statements, tax returns, profit and loss statements, cash flow, and other financial documentation to assess creditworthiness.
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• Evaluate borrower risk based on financial performance, industry trends, economic conditions, collateral, and established credit policies.
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• Prepare credit analysis reports, underwriting summaries, and recommendations for credit approval.
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• Partner with commercial lenders and relationship officers to structure loan requests, resolve underwriting issues, and support customer relationships.
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• Review credit reports, insurance documentation, flood determinations, UCC filings, appraisals, title searches, and site inspections to evaluate collateral and protect the institution's interests.
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• Identify and address credit concerns, policy exceptions, documentation deficiencies, and other potential approval issues.
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• Monitor applicable lending regulations, market conditions, and industry developments to maintain sound underwriting practices.
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• Support loan documentation, portfolio management, audits, regulatory examinations, and special projects as needed.
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• Maintain compliance with internal policies, applicable banking regulations, and Bank Secrecy Act (BSA) requirements.
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• Assist with training and knowledge development for commercial lending personnel as needed.
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Qualifications

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• Bachelor's degree in finance, accounting, business, or a related field, or an equivalent combination of education and experience.
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• At least two years of related lending, commercial credit, or financial analysis experience.
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• Experience analyzing financial statements, cash flow, and tax returns.
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• Working knowledge of commercial loan underwriting, origination, documentation, and processing.
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• Experience with at least one commercial lending area, such as commercial real estate, commercial lines of credit, asset-based lending, or equipment financing.
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• Knowledge of collateral evaluation, appraisals, and applicable lending regulations.
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• Strong analytical, problem-solving, organizational, and communication skills.
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• Ability to prepare clear credit reports and work collaboratively with lenders and credit administration teams.
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• Formal credit training preferred.
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• SBA 7(a) lending experience is a plus.
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• Current Nationwide Mortgage Licensing System (NMLS) registration as a mortgage loan originator, as specified in the original job description..
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