Sr Underwriter - Franchise
Job Details Description The Franchise Sr. Underwriter is responsible for analyzing loan applications for C&I and CRE loan requests and making informed credit recommendations in concert with the Banks Franchise Lending Policy. The client base consists of members of Bank approved Franchise Concepts. The position involves significant financial responsibilities including the ability to analysis borrower financial statements and access the risks associated with the loan. The Sr. Underwriter is responsible for managing the credit process from underwriting/approval, commitment stage, through the final funding stage. This position involves communication with marketing associates, borrower, Franchise Credit Manager, loan processors, loan closers, bank servicing and Senior management. RESPONSIBILITIES Spreading financial statements for Borrower, Corporate Guarantors and non-guarantors/affiliates which may include:
Real Estate Holding Companies and Management Companies. The Financial Spread generally includes unit level and consolidated profit and loss statements, Balance sheets, Debt Schedules, and Base Case/Pro-forma. The spread sheet requires Sr. Underwriter to consolidate borrower's guarantors and non-guarantors and affiliates into a global Organization. A Global Debt service Analysis is required on all loans over $1MM. Prepare a Loan to Value schedule for CRE and certain C&I loans Interviews with primary contact of the company, and in some cases affiliates related to the principal including outside accountants, and Franchisor representative. Review Credit Bureau Reports for personal guarantors and Westlaw reports for borrowers, guarantors, and affiliates. Review third party documentation including Real Estate and Environmental reports, Purchase and Sale Contracts, Property leases, and Franchise Agreements. Prepare a detailed Credit Approval Memorandum including a risk assessment and recommendation to Management. Prepare Loan Commitment letter for approved loans. Review and identify missing financial information or credit documentation. Contact and email Marketing associate or borrower to collect all necessary information required to make a credit decision. Coordinate with loan processors to ensure timely processing of the loan. Prepare Loan Change Forms including modifications or amendments if necessary for approved loans. Assist Closers with any questions throughout the documentation process. Obtain updated financial statements on expiring loan commitments and multiple disbursement loans from borrowers or marketing associates. Prepare MAC updates in concert with Franchise Portfolio Management. Maintain Salesforce including updated notes during the loan approval process through the funding process. Prepare a Loan Transmittal Form for loans that have been declined, approved but not accepted, or withdrawn. Maintain Electronic Credit Files to ensure that all appropriate financial information and other credit documentation is labeled in conjunction with Bank's approved format. QUALIFICATIONS 5
years Credit and Loan Underwriting experience. 5
years Franchise Lending experience. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Salary Range:
$80K -- $100K
Minimum Qualification
Banking, Loans & InsuranceEstimated Salary: $20 to $28 per hour based on qualifications.
Real Estate Holding Companies and Management Companies. The Financial Spread generally includes unit level and consolidated profit and loss statements, Balance sheets, Debt Schedules, and Base Case/Pro-forma. The spread sheet requires Sr. Underwriter to consolidate borrower's guarantors and non-guarantors and affiliates into a global Organization. A Global Debt service Analysis is required on all loans over $1MM. Prepare a Loan to Value schedule for CRE and certain C&I loans Interviews with primary contact of the company, and in some cases affiliates related to the principal including outside accountants, and Franchisor representative. Review Credit Bureau Reports for personal guarantors and Westlaw reports for borrowers, guarantors, and affiliates. Review third party documentation including Real Estate and Environmental reports, Purchase and Sale Contracts, Property leases, and Franchise Agreements. Prepare a detailed Credit Approval Memorandum including a risk assessment and recommendation to Management. Prepare Loan Commitment letter for approved loans. Review and identify missing financial information or credit documentation. Contact and email Marketing associate or borrower to collect all necessary information required to make a credit decision. Coordinate with loan processors to ensure timely processing of the loan. Prepare Loan Change Forms including modifications or amendments if necessary for approved loans. Assist Closers with any questions throughout the documentation process. Obtain updated financial statements on expiring loan commitments and multiple disbursement loans from borrowers or marketing associates. Prepare MAC updates in concert with Franchise Portfolio Management. Maintain Salesforce including updated notes during the loan approval process through the funding process. Prepare a Loan Transmittal Form for loans that have been declined, approved but not accepted, or withdrawn. Maintain Electronic Credit Files to ensure that all appropriate financial information and other credit documentation is labeled in conjunction with Bank's approved format. QUALIFICATIONS 5
years Credit and Loan Underwriting experience. 5
years Franchise Lending experience. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Salary Range:
$80K -- $100K
Minimum Qualification
Banking, Loans & InsuranceEstimated Salary: $20 to $28 per hour based on qualifications.
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