Construction Loan Underwriter

Job Title: Construction Loan UnderwriterLocation: Livermore, CAHiring Salary Range: $90,000.00 - $120,000.00 annuallyPosition Summary Fremont Bank - one of the Bay Area's most respected and long-standingfinancial institutions - is seeking a strategic, hands-on professional to joinand help advance our Commercial Lending Operations team. This is a high-impactopportunity to contribute to the success of a mission-driven organizationcommitted to excellence, community service, and strong client relationships. If you're energized by purpose-driven work, collaboration, and deliveringmeaningful results, we'd love to connect. Why Fremont Bank? Founded in 1964, Fremont Bank is one of the oldest independently ownedbanks in the Bay Area and has been consistently recognized as a Top Workplacefor the past 15 consecutive years. Our foundation is built on relationships -with our clients, our associates, and our communities. We offer: A people-first culture grounded in inclusion and excellence Deep community involvement and local reinvestment A mission-driven workplace where values and performance go hand in hand The Fremont Bank Way Full-Service Banking with comprehensive financial solutions, advanced technology, and exceptional service No-Compromise Approach - we help clients get to "yes" Core Values: o Go above and beyond for clients o Foster a supportive and empowering environment for associates o Deeply invest in the well-being of our local community Position Overview The Construction Loan Underwriter evaluates and underwrites new construction loans, and extension requests for the existing loan portfolio.Works with Commercial Relationship Managers (CRMs) to complete an initial project analysis, loan sources and uses and assists in overall structuring of construction loans. Collects, reviews and analyzes financial data including borrowers' tax returns and financial statements, as well as data supporting a given construction project.Prepares quality narrative presentations within the Bank's loan underwriting system and presents it to management and loan committees. Visits construction sites, documents on-going project progress, and reviews construction draws as needed. Role and Responsibilities Screen new loan requests regarding structure, purpose and source of repayment before submitting for further approval and processing Manage loan pipelines for loans in process and maturing construction loans; prioritize transactions and keep the pipeline accurate and current Perform spreadsheet and narrative credit analysis on construction projects Analyze and spread borrower credit, including credit report, personal, and business financial statements, personal and business tax returns, schedule of real estate owned, property rent rolls, leases, and operating statements Review borrower organizational documents and accurately present the borrower structure along with Guarantors in the Narrative Review and aid the loan processor in decisioning preliminary title reports Prepare and recommend Loan Credit Memorandums; identify and summarize all file conditions on the Loan Credit Memorandum to ensure smooth documentation and closing Present loan recommendations to credit committees or senior management for approval Work with the loan processor to review outstanding conditions through the loan closing process Coordinate with the Loan Documentation group to ensure prompt documentation and funding Review construction loan documentation Assist in portfolio management functions such as risk rating assessments, loan servicing requests, and special asset transfers Provide training to processors and commercial credit analysts as needed Serve as a backup for construction loan draw requests Manage and review workflow to ensure the department's SLA are achieved and credit policy and guidelines are adhered to for all credits Address/resolve exception items noted from Loan Review/Audit Department Continual process improvement assessment and implement revisions to the process as necessary Communicate with appropriate Director(s) and/or Executive Management on recommendations for improving efficiency, productivity and quality of output Other items as required Qualifications and Education Requirements Bachelor's degree, preferably in Business/Finance/Accounting 5 years' related experience in Construction and Commercial Real Estate Underwriting required Demonstrated understanding of Basic Accounting and Financial Statements, understanding of Global Cash Flow, and experience with spreading software Ability to promote a team atmosphere between underwriting staff and sales staff Strong communication skills (verbal and written) and professional business etiquette Ability to work in a fast-paced environment while delivering accurate and quality work product Excellent organizational skills Proficiency in Microsoft software Knowledge of Bay Area real estate market preferred What Makes Fremont Bank AssociatesThrive? Team Players who go above and beyond to support their colleagues Action-Oriented professionals who challenge the status quo and seek improvement Purpose-Driven individuals who understand and champion the bank's community impact Benefits SnapshotHealth & Wellness Medical, dental, and vision insurance Flexible Spending Accounts (FSA, Dependent Care, Health Savings) Financial & Retirement Employee Stock Ownership Plan (ESOP) 401(k) with employer match Performance-based bonuses or incentives Work-Life & Perks Paid holidays, vacation, and sick time Free personal checking and savings accounts Home loan rate discounts Tuition reimbursement and professional development resources On-site gym and discounted health club memberships Employee Assistance Program (EAP) Equal Opportunity Employer Fremont Bank is proud to be an Equal Opportunity Employer. We arecommitted to creating an inclusive environment for all employees, regardless ofrace, color, religion, sex, gender identity, sexual orientation, nationalorigin, age, disability, veteran status, or any other protected classification. Salary Range The hiring salary range for this position is $90,000.00 - $120,000.00 annually,based on factors such as experience, skills, education, and internal equity.Compensation decisions are made in consideration of these factors and inalignment with Fremont Bank's compensation philosophy. Employee Stock Ownership Plan (ESOP) The Employee Stock Ownership Plan (ESOP) is a way for Fremont Bank tocontribute to the financial well-being of associates by making a contributionto their retirement account. In addition, the ESOP provides associates anopportunity to share in the growth and prosperity of Fremont Bank. Note to Search Firms: Fremont Bank does not accept unsolicited resumes from search firms oragencies without a signed service agreement. Unsolicited resumes will beconsidered the property of Fremont Bank, and no fees will be paid.

Created: 2026-03-04