Construction Loan Underwriter

Postion Summary

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

• Associates Degree directly related to the position or equivalent, preferred college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred.
• Minimum five years experience as an underwriter preferably with three years of experience in residential

construction/development underwriting.

• Expert-level knowledge of financial statements, cash flow analysis, and loan structuring.
• Expert-level knowledge of valid documentation related to the processing consumer mortgage

applications (e.g., tax returns, financial statements and records, verification of income and

deposits, etc.).

• Expert-level knowledge of underwriting and regulatory requirements; detailed knowledge of

federal, state, and regulatory requirements/guidelines related to consumer mortgage lending and

internal processes and controls.

• Ability to think critically, including the ability to evaluate facts and data to draw conclusions, and

determine the downstream impact of decisions and associated risks.

• Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency and

responsiveness.

• Ability to work independently and collaboratively within a team.
• Intermediate math skills.
• Knowledge of TRID compliance and residential lending regulations.
• Strong verbal and written communication skills.
• Strong detail orientation and highly organized.
• Prior experience using internal data entry systems, Microsoft Word, Excel and PDF/Document

Retention programs.

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

• Physical: Work is primarily sedentary; mobility in an office setting.
• Manual Dexterity: Frequent use of computer keyboard and mouse.
• Audio/Visual: Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation. Regularly required to accurately perceive, distinguish and interpret information received visually and through audio; e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media.
• Environmental: Office environment - no substantial exposure to adverse environmental conditions.

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.