External Loan Underwriter Mortgage Banking

at  City National Bank

SKILLS AND KNOWLEDGE

• College degree in Business Administration or a related field and/or a minimum of seven years’ experience in underwriting large and complex private banking loans, which includes analyzing, interpreting, and evaluating financial statements, cash flow analysis, familiarity with various borrower structures, family office organizations, trusts, collateral issues and values, loan structuring and personal financial statements and tax returns
• Prefer experience underwriting private equity co-invest loans
• Highly knowledgeable in private banking credit policies and procedures.
• Strong credit analysis and accounting skills with the ability to communicate skillfully and effectively in both verbal / written forms
• Good organizational skills
• Ability to work well independently and in teams and interact effectively with all levels of Bank personnel and outside contacts

COMPENSATION

Starting base salary: $44.28 - $75.42 per hour. Exact compensation may vary based on skills, experience, and location.

• To be considered for this position you must meet at least these basic qualifications

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

• Loan Application Review - review all submitted loan applications to ensure all necessary documentation is complete, accurate, and meets investor guidelines.
• Risk assessment - Evaluate borrower’s financial status, credit history, employment stability, and other risk factors needed for a credit decision.
• Property appraisal review - Assess property appraisals to confirm the value aligns with the loan amount and determine if the property meets all investor collateral criteria..
• Compliance - Ensure that all underwriting decisions comply with federal, state, and CNB regulations as well as meet established investor criteria.
• Decision making - Approve, conditionally approve, or deny mortgage loan applications, providing clear reasoning, conditions for each decision, and alignment to all internal and external guidelines.
• Communication - Collaborate with loan officers, processors, and other stakeholders to gather additional information, clarify discrepancies, and discuss loan conditions.
• Documentation - Maintain thorough and accurate records of underwriting decisions and all related communications both internal and external.
• All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National’s PRIDE statement.