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Title
Text copied to clipboard!Commercial Loan Underwriter
Description
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We are looking for a detail-oriented Commercial Loan Underwriter to join our team. The successful candidate will be responsible for reviewing and analyzing commercial loan applications, assessing creditworthiness, and making loan approval recommendations. This role requires a deep understanding of financial statements, market trends, and regulatory requirements. The Commercial Loan Underwriter will work closely with loan officers and clients to gather necessary information, conduct risk assessments, and ensure compliance with lending policies and procedures. The ideal candidate will have strong analytical skills, excellent communication abilities, and a keen eye for detail. This role is crucial in maintaining the financial health and reputation of our organization.
Responsibilities
Text copied to clipboard!- Review and analyze commercial loan applications.
- Assess creditworthiness of potential clients.
- Make loan approval recommendations.
- Work closely with loan officers and clients to gather necessary information.
- Conduct risk assessments.
- Ensure compliance with lending policies and procedures.
- Maintain up-to-date knowledge of market trends and regulatory requirements.
- Prepare and present detailed loan reports.
- Collaborate with other team members to optimize lending strategies.
- Provide excellent customer service to clients.
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Economics, or related field.
- Proven experience as a Commercial Loan Underwriter.
- Strong understanding of financial statements and market trends.
- Excellent analytical and decision-making abilities.
- Detail-oriented with strong organizational skills.
- Ability to work under pressure and meet tight deadlines.
- Excellent communication and customer service skills.
- Knowledge of regulatory requirements in the lending industry.
- Proficiency in relevant software, such as Microsoft Office Suite and loan management systems.
- Ability to work independently and as part of a team.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with commercial loan underwriting?
- How do you assess the creditworthiness of a potential client?
- Can you describe a time when you had to make a difficult decision regarding a loan application?
- How do you stay updated on market trends and regulatory requirements?
- Can you describe a time when you had to work under pressure to meet a tight deadline?