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Loan Underwriter - CRE

Luther Burbank Savings
Santa Rosa, CA
  • Expired: February 11, 2022. Applications are no longer accepted.

Are you passionate about helping clients with their financial welfare? Have you been looking for an opportunity to make a difference? Luther Burbank Savings is looking for a candidate like you.

At Luther Burbank Savings, our mission is to improve your financial future - whether you are a customer, employee, or shareholder. You're worth more here. We are a state-chartered, FDIC-insured bank specializing in originating multifamily and residential real estate loans funded by retail savings deposits. We have an established reputation for high integrity, responsive delivery, and competitive pricing. Since opening our doors in 1983, we have recorded profits consecutively since our second quarter of operations.

Consequently, we have grown to a $7 billion institution with branches and loan offices in California, Oregon, and Washington. Here at LBS, we foster an environment that encourages our team members to grow and develop their careers. We are looking for a Loan Underwriter who will ensure thorough and accurate analysis of loan applications and all related documentation; prepare and present loan approval recommendations; monitor loans in the process to ensure timely completion and effective communications to all parties involved. What will your day look like? You will: * Maintain a thorough working knowledge of LBS' lending policies, procedures, underwriting guidelines, rate pricing, and requirements for packaging of loans. * Review loan application packages for completeness and conformity to LBS lending programs. * Determine when additional information and documentation will be required to complete underwriting. * Examine loan file documentation to determine acceptability of borrowers' credit histories, adequacy of liquid assets, and financial capacity in relation to loan requests. * Analyze tax returns and financial statements to determine ongoing cash flow to support loan repayment. * Reviews preliminary title reports, purchase agreements, environmental reports, property inspections reports, appraisal reports, and related documentation for acceptability. * Liaison with third parties to communicate needs and requirements. * Prepare loan decision recommendations and presents them for approval. * Prepare commitment letters and communicates approval requirements and conditions to borrowers and brokers; follows-up for required conditions and reviews for approval. What you will need for this position: Luther Burbank Savings requires that all new employees be fully vaccinated against COVID-19 as a condition of employment, and proof of vaccination must be provided prior to start of employment. * Some College/Associate's Degree; one to two years loan underwriting experience; or equivalent combination of education and experience. * Basic knowledge of appropriate software systems and adequate PC proficiency. COVID Considerations and Remote Work Availability At Luther Burbank Savings, our employees' and customers' safety is our top priority.

We are observing all federal, state, and local requirements to minimize the risk of exposure. Currently, the majority of our administrative teams are working 100% remotely, giving employees much-needed flexibility during these difficult times. Our branches are open and abide by strict COVID guidelines in place. Talk to a recruiter today to learn more! What we offer: * Competitive Salary * Comprehensive benefits package includes medical HMO or PPO, dental, and vision * Life/AD&D & Long Term Disability Benefits * Flexible spending accounts (FSA) Dependent Care * Employee Assistance Program (EAP) * Matching 401(k) * Vacation and Sick benefits * Personal Holiday * Paid Bank Observed Holidays Luther Burbank Savings is an equal opportunity employer.

We celebrate diversity and are committed to creating an inclusive environment for all employees.

Luther Burbank Savings


Santa Rosa, CA
95402 USA


Finance and Insurance

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