Commercial Underwriter IV

Commercial Underwriter IV

Requirements

• Typically between 5 – 7 years of relevant experience and post-secondary degree in Business or a related field of study or an equivalent combination of education and experience.
• 5 – 7 years of experience with first mortgage underwriting and related transactions – required.
• In-depth pipeline management experience – required.
• Experience with web based approval systems (DU/LP) – required.
• Expert knowledge of real estate lending products, regulatory compliance and secondary market guidelines.
• Strong comprehension of HUD Handbook 4155.1 and 4155.2.
• Working knowledge of credit policies and procedures.
• Working knowledge of credit scoring, portfolio management, and risk management concepts.
• Strong experience in credit financial analysis.
• Working knowledge of financial statements analysis and review of tax returns.

Responsibilities

• Analyzes new customer credit applications.
• Makes credit decisions / recommendations in accordance with credit-granting principles.
• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on implementation of solutions.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conducts independent analysis and assessment to resolve strategic issues.
• Collaborates with internal and external stakeholders to deliver on business objectives.
• Builds effective relationships with internal/external stakeholders.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
• Supports the development of tailored messaging, which may include writing, editing, and distributing communications.
• Executes work to deliver timely, accurate, and efficient service.
• Adjudicates new credit applications within defined limits or recommends credit products based on sound credit granting principles.
• Completes credit analyses to adjudicate credit applications.
• Responds to incoming inquiries in a prompt and professional manner and escalates issues to superiors or other departments.
• Assists customers and conducts all credit and related transactions.
• Keeps current with established processes, policies, and regulations, and knowledge of products, credit policies, services, and relevant legal, regulatory, and technology requirements.
• May contact customers to obtain, clarify, or confirm information.
• Applies and documents sound credit granting applications and lending decisions.
• Follows security and safeguarding procedures to reduce credit/lending risks.
• Thinks creatively and proposes new solutions.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works mostly independently.

Preferred Qualifications

• Knowledge of and experience with affordable lending programs (e.g. Illinois Housing Development Authority (IHDA), Wisconsin Housing and Economic Development Authority (WHEDA), National Housing Law Project (NHLP), etc.) – preferred.