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Credit Officer I
Ref No.: 17-04843
Location: Trenton, New Jersey
Position Type:Contract
Experience Level: 3 Years
Start Date: 10/02/2017
Description: • Evaluate, process, and underwrite multifamily rental housing loans • Perform financial analyses of mortgage application to determine financial feasibility • Work with the developers and identify their financial goals and what financial strategies are needed to achieve them • Review appraisals and market studies • Assist and guide developers and their teams through the application process of their projects, and the necessary requirements for a board action • Perform major due diligence regarding required checklist documentation in preparation of a board action which would be a Declaration of Intent and/or a mortgage commitment • Prepare the board action (Request for Action) detailing all necessary information obtaining to a specific project and present that project to the Executive Committee • Prepare project status reports for all projects in the assigned loan portfolio • Attend internal/external meetings, and participate on conference calls with developers regarding status on projects in the assigned loan portfolio • Perform site visits • Manage and maintain loan portfolio and obtain documents from relevant sources • Perform a cost audit review for permanent loans • Close out loans of projects in the assigned portfolio • Perform other related duties as required • Update and/or create excel spreadsheets and divisional charts or reports