VP, Commercial Underwriting 2.7 2.7 out of 5 stars 3683 Crenshaw Boulevard, Los Angeles, CA 90016 VP, Commercial Underwriting Los Angeles, CA

POSITION SUMMARY

Responsible for managing the underwriting process of multifamily, commercial real estate and commercial loans in accordance with the guidelines, policies and procedures set forth by the Bank. Manage Underwriters of multifamily, commercial real estate loans and commercial loans. Work with a team of lending professionals to originate loans for the Bank's portfolio in accordance with the Bank's policies and procedures.

ESSENTIAL JOB FUNCTIONS

Management Manage Underwriters of multifamily, commercial real estate and commercial loans Ensures Underwriters complete clear and detailed analysis based on a thorough understanding of debt service ratios, cash flow, appraisals, credit analysis, CAP rates, etc. Ensures the multifamily, commercial real estate and commercial underwriting process complies with all regulations and the Bank's policies and procedures in order to protect the Bank and achieve satisfactory ratings from internal and external auditors. Manages appraisal, environmental and inspection process to ensure compliance with the Bank's policies and procedures. Secures and reviews appraisals, environment reviews and inspection reports, independent of Underwriters, to ensure property qualifies as security for the loan requested. Provides input to improve Banks policies and procedures to ensure effective credit management. Prepares and presents a summary of the commercial real estate multi-family markets in which the Bank operates to the Senior Loan Committee. Teamwork Interfaces with Loan Consultants, brokers and management in preparing loan packages for Senior Loan Committee approval. Answers inquiries regarding the Bank's current loan programs, policies and pricing. Works closely with loan processors and funders to ensure effective completion of the loan origination process. Performs other duties to support the overall Lending Department as assigned.

REGULATORY KNOWLEDGE

Equal Credit Opportunity Act (Regulation B) Fair Housing Act Home Mortgage Disclosure Act (Regulation C) Flood Disaster Protection Act Bank Secrecy Act

MINIMUM QUALIFICATIONS

A minimum of 5-years of multi-family residential underwriting experience A thorough understanding of 5-75 multi-family units and commercial real estate underwriting guidelines and process Ability to manage people and foster teamwork Excellent analytical skills The ability to handle multiple tasks while meeting deadlines Good organizational skills Excellent verbal and written communication skills Advanced computer skills High School Diploma required, Bachelor Degree preferred A high level understanding of compliance regulations. The Bank is in full compliance with the Americans with Disabilities Act (ADA) and does not discriminate with regard to applicants or employees with disabilities, and will make reasonable accommodations when necessary. OneUnited Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status.

Pay Rate/Range:

$5,200 - 5,400 Which annualizes to $135,200 - 140,400