Construction Loan Underwriter

Job Title: Construction Loan UnderwriterLocation: Livermore, CAHiring Salary Range: $90,000.00 - $120,000.00 annuallyPosition SummaryFremont Bank - one of the Bay Area's most respected and long-standingfinancial institutions - is seeking a strategic, hands-on professional to joinand help advance our Commercial Lending Operations team. This is a high-impactopportunity to contribute to the success of a mission-driven organizationcommitted to excellence, community service, and strong client relationships.If you're energized by purpose-driven work, collaboration, and deliveringmeaningful results, we'd love to connect.Why Fremont Bank?Founded in 1964, Fremont Bank is one of the oldest independently ownedbanks in the Bay Area and has been consistently recognized as a Top Workplacefor the past 15 consecutive years. Our foundation is built on relationships -with our clients, our associates, and our communities.We offer:A people-first culture grounded in inclusion and excellenceDeep community involvement and local reinvestmentA mission-driven workplace where values and performance go hand in handThe Fremont Bank WayFull-Service Banking with comprehensive financial solutions, advanced technology, and exceptional serviceNo-Compromise Approach - we help clients get to "yes"Core Values:o Go above and beyond for clientso Foster a supportive and empowering environment for associateso Deeply invest in the well-being of our local communityPosition OverviewThe Construction Loan Underwriter evaluates and underwrites new construction loans, and extension requests for the existing loan portfolio.Works with Commercial Relationship Managers (CRMs) to complete an initial project analysis, loan sources and uses and assists in overall structuring of construction loans. Collects, reviews and analyzes financial data including borrowers' tax returns and financial statements, as well as data supporting a given construction project.Prepares quality narrative presentations within the Bank's loan underwriting system and presents it to management and loan committees. Visits construction sites, documents on-going project progress, and reviews construction draws as needed.Role and ResponsibilitiesScreen new loan requests regarding structure, purpose and source of repayment before submitting for further approval and processingManage loan pipelines for loans in process and maturing construction loans; prioritize transactions and keep the pipeline accurate and currentPerform spreadsheet and narrative credit analysis on construction projectsAnalyze and spread borrower credit, including credit report, personal, and business financial statements, personal and business tax returns, schedule of real estate owned, property rent rolls, leases, and operating statementsReview borrower organizational documents and accurately present the borrower structure along with Guarantors in the NarrativeReview and aid the loan processor in decisioning preliminary title reportsPrepare and recommend Loan Credit Memorandums; identify and summarize all file conditions on the Loan Credit Memorandum to ensure smooth documentation and closingPresent loan recommendations to credit committees or senior management for approvalWork with the loan processor to review outstanding conditions through the loan closing processCoordinate with the Loan Documentation group to ensure prompt documentation and fundingReview construction loan documentationAssist in portfolio management functions such as risk rating assessments, loan servicing requests, and special asset transfersProvide training to processors and commercial credit analysts as neededServe as a backup for construction loan draw requestsManage and review workflow to ensure the department's SLA are achieved and credit policy and guidelines are adhered to for all creditsAddress/resolve exception items noted from Loan Review/Audit DepartmentContinual process improvement assessment and implement revisions to the process as necessaryCommunicate with appropriate Director(s) and/or Executive Management on recommendations for improving efficiency, productivity and quality of outputOther items as requiredQualifications and Education RequirementsBachelor's degree, preferably in Business/Finance/Accounting5 years' related experience in Construction and Commercial Real Estate Underwriting requiredDemonstrated understanding of Basic Accounting and Financial Statements, understanding of Global Cash Flow, and experience with spreading softwareAbility to promote a team atmosphere between underwriting staff and sales staffStrong communication skills (verbal and written) and professional business etiquetteAbility to work in a fast-paced environment while delivering accurate and quality work productExcellent organizational skillsProficiency in Microsoft softwareKnowledge of Bay Area real estate market preferredWhat Makes Fremont Bank AssociatesThrive?Team Players who go above and beyond to support their colleaguesAction-Oriented professionals who challenge the status quo and seek improvementPurpose-Driven individuals who understand and champion the bank's community impactBenefits SnapshotHealth & WellnessMedical, dental, and vision insuranceFlexible Spending Accounts (FSA, Dependent Care, Health Savings)Financial & RetirementEmployee Stock Ownership Plan (ESOP)401(k) with employer matchPerformance-based bonuses or incentivesWork-Life & PerksPaid holidays, vacation, and sick timeFree personal checking and savings accountsHome loan rate discountsTuition reimbursement and professional development resourcesOn-site gym and discounted health club membershipsEmployee Assistance Program (EAP)Equal Opportunity EmployerFremont Bank is proud to be an Equal Opportunity Employer. We arecommitted to creating an inclusive environment for all employees, regardless ofrace, color, religion, sex, gender identity, sexual orientation, nationalorigin, age, disability, veteran status, or any other protected classification.Salary RangeThe hiring salary range for this position is $90,000.00 - $120,000.00 annually,based on factors such as experience, skills, education, and internal equity.Compensation decisions are made in consideration of these factors and inalignment with Fremont Bank's compensation philosophy.Employee Stock Ownership Plan (ESOP)The Employee Stock Ownership Plan (ESOP) is a way for Fremont Bank tocontribute to the financial well-being of associates by making a contributionto their retirement account. In addition, the ESOP provides associates anopportunity to share in the growth and prosperity of Fremont Bank.Note to Search Firms: