Loan Underwriting Director

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Loan Underwriting Director plans and directs the underwriting function that evaluates the risk of loan and credit applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and applicable collateral. Being a Loan Underwriting Director makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. May present to a loan committee. Additionally, Loan Underwriting Director defines the loan structure consisting of interest rates, repayment terms, and allowed loan amounts. Complies with all federal regulations, state laws, and internal policies related to lending. Responds to escalations of non-conforming loans that require approval review using an exception process. Requires a bachelor's degree. Typically reports to senior management. The Loan Underwriting Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Loan Underwriting Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.