Title: Underwriter I
Location: CALIFORNIA-BREA
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $92.3 billion at March 31, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates 407 branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visitwww.unionbank.comfor more information.
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Under the supervision of the Underwriting Manager, reviews and evaluates credit packages and provides an evaluation of risks on loan requests for secured multi-family and smaller commercial income property loans.
Major Responsibilities
All duties performed under the supervision of the Underwriting Manager or a senior commercial underwriter. Loan size will typically be $600,000 or less and be non-complex with regards to loan structure, property type and borrower financial status:
Review, analysis and risk grading of smaller loan packages on loan requests submitted by loan officers.
Review, analysis and risk assessment of physical characteristics of selected commercial property types, generally residential income projects (multi-family buildings and mobile-home parks), based on information provided and, as deemed necessary, on physical inspection of the property and neighborhood.
Review, analysis and risk assessment of property operating statements for various types of properties under Underwriting Manager?s supervision.
Review, analysis and risk assessment of personal and business entity financial statements, credit reports and supporting data for most non-complex borrowing entities under Underwriting Manager?s supervision.
Review, analysis and risk assessment of management experience.
Provide concise summaries of risk factors in each of the aforementioned areas.
Under Underwriting Manager?s supervision, review appraisals, environmental reports and property condition inspection reports to identify other risk factors for most property types.
Identify and specify loan funding/closing requirements/conditions necessary to limit risk to the association and ensure compliance with loan policies and procedures.
Assist in Internal Asset Review activities.
Perform all of the above duties and other duties as assigned.
Associate's degree or higher in business, finance or real estate preferred. Some previous underwriting related experience preferred.
One or more years of relevant experience in commercial and income property related real estate, appraisal, finance, credit, title, escrow, internal asset review, or lending.
Good knowledge of apartments and mobile home parks. Additional knowledge relating to office, retail, industrial, and specialty commercial properties would be desirable.
General knowledge of real estate markets within Bank's Lending areas.
Ability to evaluate most basic personal and business financial statements and tax returns (work generally performed under supervision of Underwriting Manager).
Ability to evaluate credit.
Competent in MS Excel
Strong oral and written communication skills.
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