Vice President, Commercial Underwriting

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

Manage Underwriters of multifamily, commercial real estate and commercial loans.

Ensure Underwriters complete clear and detailed analysis based on a thorough understanding of debt service ratios, cash flow, appraisals, credit analysis, CAP rates, etc.

Ensure the multifamily, commercial real estate, and commercial underwriting process complies with all regulations and the Bank's policies and procedures to protect the Bank and achieve satisfactory ratings from internal and external auditors.

Manage appraisal, environmental and inspection process to ensure compliance with the Bank's policies and procedures. Secure and review appraisals, environmental reviews, and inspection reports, independent of Underwriters, to ensure property qualifies as security for the loan requested.

Provide input to improve Bank's policies and procedures to ensure effective credit management.

Prepare and present a summary of the commercial real estate multi‑family markets in which the Bank operates to the Senior Loan Committee.

Interface with Loan Consultants, brokers and management in preparing loan packages for Senior Loan Committee approval.

Answer inquiries regarding the Bank's current loan programs, policies and pricing.

Work closely with loan processors and funders to ensure effective completion of the loan origination process.

Perform other duties to support the overall Lending Department as assigned.

Leverage regulatory knowledge of the Equal Credit Opportunity Act (Regulation B), the Fair Housing Act, the Home Mortgage Disclosure Act (Regulation C), the Flood Disaster Protection Act, and the Bank Secrecy Act.

MINIMUM QUALIFICATIONS

A minimum of 5 years of multi‑family residential underwriting experience.

A thorough understanding of underwriting guidelines and processes for 5‑75 multi‑family units and commercial real estate.

Ability to manage people and foster teamwork.

Excellent analytical skills.

Ability to handle multiple tasks while meeting deadlines.

Good organizational skills.

Excellent verbal and written communication skills.

High School Diploma required; Bachelor’s Degree preferred.

A high level understanding of compliance regulations.

Pay Rate/Range: $5,000 - 5,400 per month (annualizes to $130,000 - 140,400).

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.

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