Loan Underwriter (Construction)

Ultimate Staffing Services; Los Angeles (CA); On-site; USD 85,000 - 105,000; Full time

Job summary

Ultimate Staffing Services is actively seeking a Construction Loan Underwriter for a direct-hire role in Downtown LA. The position centers on commercial real estate and construction lending, including ground-up projects, with a strong emphasis on underwriting and portfolio management.

Ideal candidates will have 7+ years in commercial banking credit, solid construction lending experience, and proficiency in MS Office.

Qualifications

• 7+ years of experience in commercial banking credit and underwriting.
• Experience underwriting commercial real estate and construction loans.
• Strong analytical skills for credit analyses and portfolio management.

Responsibilities

• Underwrite and structure CRE, owner-occupied, investor, and construction loan transactions.
• Prepare credit analyses, loan presentations, and management/loan committee recommendations.
• Manage and monitor a commercial loan portfolio, including annual reviews and covenant compliance.
• Underwrite and evaluate construction projects by reviewing budgets, plans, permits, and sources and uses.
• Oversee post-closing loan and construction portfolio performance and coordinate with relationship managers.

Skills

Credit underwriting

Portfolio management

CRE lending

Education

Bachelor's degree

Tools

MS Office

Job description

Salary: USD85000 - USD105000 per year

Construction Loan Underwriter

Location: Downtown LA
Schedule: fully onsite | Monday–Friday, 8:00 am – 5:00 pm
Duration: Direct Hire (Permanent)
Salary: $85k - $105k base (DOE)

Job Description: The Loan Underwriter will provide comprehensive credit support covering both new loan underwriting and ongoing portfolio management. The position will have a significant focus on commercial real estate and construction lending, including ground-up construction, renovation and other commercial real estate development projects. The successful candidate will be responsible for analyzing and underwriting commercial credits and monitoring an assigned portfolio after closing.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Underwrite and structure commercial real estate (CRE), owner-occupied, investor, and construction loan transactions by analyzing borrower financials, cash flow, collateral, property performance, repayment sources, and overall credit risk.
• Prepare comprehensive credit analyses, loan presentations, and recommendations for management and loan committee approval, identifying risks, policy exceptions, mitigating factors, and opportunities to enhance deal structure.
• Manage and monitor a commercial loan portfolio, including annual reviews, renewals, modifications, covenant compliance, financial statement analysis, and ongoing risk assessment.
• Underwrite and evaluate commercial construction projects by reviewing budgets, plans, permits, project feasibility, sources and uses, projected performance, and the financial strength of borrowers, guarantors, and project stakeholders.
• Oversee post-closing loan and construction portfolio performance by monitoring project progress, draw requests, inspections, budget variances, emerging credit concerns, and workout situations while collaborating with relationship managers to support client needs.

REQUIREMENTS

• Bachelors Degree preferred
• 7+ years of experience in commercial banking credit, underwriting, portfolio management
• Strong construction lending experience (preferably covering full loan cycle from underwriting, through funding, loan monitoring, and repayment or permanent financing)
• MS Office experience (Word and Excel)