Commercial Loan Underwriter

3 weeks ago


Los Angeles, California, United States State Bank of India (California) Full time
Job Summary

We are seeking a highly skilled Commercial Loan Underwriter to join our team at State Bank of India (California). As a Commercial Loan Underwriter, you will be responsible for underwriting safe and sound commercial loans that comply with the Bank's underwriting standards and all applicable state and federal laws, rules, and regulations.

Key Responsibilities
  • Assist loan officers in managing customer relationships by providing advanced credit analysis and support.
  • Underwrite commercial loans in an expedient manner that are in compliance with the Bank's underwriting standards and all applicable state and federal laws, rules, and regulations.
  • Analyze financial data related to new and renewal loan requests, including lines of credit, asset-based lines, commercial real estate, and equipment financing loans.
  • Evaluate the risk of financing requests within the framework of the Bank's credit culture and current economic and industry trends.
  • Review self-employed, corporate, and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers' income.
  • Assist loan and relationship officers in managing customer relationships by providing advanced credit analysis and support.
  • Order and review credit and insurance reports, flood zone determinations, and UCC filings, perform title searches and reviews site inspections.
  • Utilize independent judgment to review and correct potential problems during the commercial loan approval process.
  • Prepare summary and/or credit approval report documenting credit analysis and supporting information for credit decision recommendations.
  • Draft loan agreements in collaboration with loan and relationship officers.
Requirements
  • Bachelor's degree in Business Administration or related field, or a minimum of five years of commercial loan underwriting experience and/or training.
  • Extensive knowledge of lending and cash flow analysis, working knowledge of bank products and services, credit analysis, loan structuring and documentation, credit policies and practices, credit regulations and requirements, and bank operations.
  • Knowledge of Bank regulations, lending policies, procedures, and techniques with an understanding of loan risk factors.


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