Construction Loan Underwriter

Construction Loan Underwriter

The Construction Loan Underwriter plays an important role in the organization by performing a number of activities related to the company's construction loan operations functions. The role is primarily responsible, under intermittent to infrequent supervision, for underwriting both residential horizontal land development and vertical construction loans according to company, secondary market investor, and government agency standards. This includes consumer (TRID) and commercial (builder / developer) residential construction and development projects. It also includes ensuring all tax, title, insurance, and closing documentation associated with the loan applications are accurate and complete, and based on compliance with underwriting standards and risk management factors. The Underwriter II role involves beginning-to-end preparation of loan presentations in collaboration with Loan Officers and Management, including client communication, financial and collateral analysis, and credit presentation development, and is considered the "go to" subject matter expert when the Lead / Supervisor / Manager is not available.

Essential Functions

• Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
• Underwrite and prepare credit presentations for new residential construction and development loans.
• Analyze customers' loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds, and supporting documentation to identify potential fraud or misrepresentation.
• Review appraisals to ensure that loans meet secondary market, investor, and company standards.
• Work with Loan Processors and Loan Officers on collecting information and documentation necessary to finalize incomplete loan packages.
• Determine if additional documentation or information would aid loan decision; request additional documentation or information accordingly.
• Stay abreast of current regulations and industry trends that affect compliance and decisionmaking.
• Use expertise to answer questions and resolve escalated issues from junior-level teammates.
• Maintain strict confidentiality of all borrower and project information.
• Work collaboratively with Loan Officers to manage workflow and meet departmental goals.
• Perform other duties as assigned.

Qualifications

Supervision

Work is monitored under general supervision of supervisor and by following established, specific procedures described by supervisor; May act as a guide to less experienced staff in similar role and / or student employees; generally does not have formal responsibility for overseeing others.

Requirements

Guild offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.

Guild Mortgage Company is an Equal Opportunity Employer.

This position offers eligibility for incentive compensation.

Compensation at Guild is influenced by a wide array of factors including but not limited to local and federal minimum wage requirements, education, level of experience, and applicant's geographical location.