Underwriter II - Real Estate Group
UMB, Denver, CO, United States
Commercial Real Estate Loan Underwriter
This role is responsible for engaging in the assessment and underwriting of new REG-Managed Investment CRE loans (non-owner occupied CRE loans) in accordance with established underwriting policies, practices, and standards. Key highlights of the role will include the following: Partner with UMB relationship managers and bankers to perform credit underwriting duties for existing/prospective client relationships, which may include but are not limited to the following: Perform detailed credit analysis to determine borrower/guarantor repayment capacity Appropriate loan structuring recommendations Complete all of or portions of the credit packages (as agreed with the relationship manager/banker) for submission to appropriate approval authority (new business and renewals) Preparation of underwriting documents will also include collateral analysis on multiple asset classes and preparation of pricing and risk rating models suitable for each credit request; present loan submissions to the appropriate approval authority on behalf of relationship managers/bankers and answer questions relative to the review and approval of the loan (as requested); review appraisal upon receipt to confirm appraisal assumptions are in line with underwriting assumptions and satisfy any approval conditions; provide recurring customer service to existing and prospective clients, which includes direct contact with customers either through participation in joint sales calls with relationship managers or direct correspondence with clients and perform various projects/tasks as needed with an emphasis on maintaining UMB TUCE at all times; file all required forms and reports, and resolve all related issues in a timely and efficient manner; work with team members in loan operations, credit analysis, regional commercial banking, business banking, special asset management group, loan review, public finance, capital markets, and international banking to coordinate commercial loan decisions, the closing process, plus ongoing commercial loan administration; participate in various REG underwriting-related projects, as available; may mentor less experienced REG underwriters and/or portfolio managers; and other duties as assigned. Must have Bachelor's degree in Business, Accounting, Finance or related fields and 5+ years commercial banking experience (including 3+ years of specific commercial real estate experience) including credit underwriting; current valid driver's license; excellent communication skills (verbal & written); excellent knowledge & understanding in how to identify and process maturing loans, line renewals, term loans that need to be extended, how loans can be restructured, approval process, change terms, new underwriting, etc.; excellent level of understanding of credit underwriting of all major investment CRE property types; strong knowledge of bank products, services, and bank operations; ability to interpret policies/procedures, loan contracts, and understanding of credit reports, financial statements, and loan documents; excellent analytical skills, including underwriting of CRE properties and markets; and guarantor financial statements, including real estate schedules; ability to be self-starter, show initiative, and transfer knowledge to less experienced peers; strong proficiency in Word, Excel, PowerPoint, and knowledge of commercial lending software. Compensation Range: $76,520.00 - $163,900.00 UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary. UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to talentacquisition@umb.com to let us know the nature of your request. If you are a California resident, please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.
This role is responsible for engaging in the assessment and underwriting of new REG-Managed Investment CRE loans (non-owner occupied CRE loans) in accordance with established underwriting policies, practices, and standards. Key highlights of the role will include the following: Partner with UMB relationship managers and bankers to perform credit underwriting duties for existing/prospective client relationships, which may include but are not limited to the following: Perform detailed credit analysis to determine borrower/guarantor repayment capacity Appropriate loan structuring recommendations Complete all of or portions of the credit packages (as agreed with the relationship manager/banker) for submission to appropriate approval authority (new business and renewals) Preparation of underwriting documents will also include collateral analysis on multiple asset classes and preparation of pricing and risk rating models suitable for each credit request; present loan submissions to the appropriate approval authority on behalf of relationship managers/bankers and answer questions relative to the review and approval of the loan (as requested); review appraisal upon receipt to confirm appraisal assumptions are in line with underwriting assumptions and satisfy any approval conditions; provide recurring customer service to existing and prospective clients, which includes direct contact with customers either through participation in joint sales calls with relationship managers or direct correspondence with clients and perform various projects/tasks as needed with an emphasis on maintaining UMB TUCE at all times; file all required forms and reports, and resolve all related issues in a timely and efficient manner; work with team members in loan operations, credit analysis, regional commercial banking, business banking, special asset management group, loan review, public finance, capital markets, and international banking to coordinate commercial loan decisions, the closing process, plus ongoing commercial loan administration; participate in various REG underwriting-related projects, as available; may mentor less experienced REG underwriters and/or portfolio managers; and other duties as assigned. Must have Bachelor's degree in Business, Accounting, Finance or related fields and 5+ years commercial banking experience (including 3+ years of specific commercial real estate experience) including credit underwriting; current valid driver's license; excellent communication skills (verbal & written); excellent knowledge & understanding in how to identify and process maturing loans, line renewals, term loans that need to be extended, how loans can be restructured, approval process, change terms, new underwriting, etc.; excellent level of understanding of credit underwriting of all major investment CRE property types; strong knowledge of bank products, services, and bank operations; ability to interpret policies/procedures, loan contracts, and understanding of credit reports, financial statements, and loan documents; excellent analytical skills, including underwriting of CRE properties and markets; and guarantor financial statements, including real estate schedules; ability to be self-starter, show initiative, and transfer knowledge to less experienced peers; strong proficiency in Word, Excel, PowerPoint, and knowledge of commercial lending software. Compensation Range: $76,520.00 - $163,900.00 UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary. UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to talentacquisition@umb.com to let us know the nature of your request. If you are a California resident, please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.