GPAC - Waterbury, CT
posted 4 months ago
We pride ourselves on building close relationships with our customers to understand their specific needs and provide tailored solutions for their business. Over the years we have grown, although our commitment to our core values and ethics have remained the same. A growing Bank is looking to add an experienced Commercial Underwriter to their team. They are seeking someone who is highly motivated, analytical, a team-player, and someone who has the experience dealing with high net worth clients to grow in their career in commercial underwriting. The role involves underwriting origination, conducting credit risk reviews of retail and correspondent loans, and applying needed conditions for commercial submissions to assure loans meet program/product specifications. Additionally, the underwriter will complete appraisal analysis to determine that acceptable collateral standards are met, research and verify federal, state, and company compliance, and communicate credit risk decisions to all appropriate parties. The position also requires completing due diligence quality reviews by providing a detailed review of retail and correspondent approved loans, including credit, income, and asset analysis and findings. It is essential to remain current on banking regulations and responsibilities relating to titles, liens, and other aspects of the loan collateral position. A thorough knowledge of complex personal and/or business financials is crucial for success in this role.