Job Description
Position Summary The Commercial Acquisition & Development (A&D) Construction Loan Underwriter plays a critical role in underwriting complex commercial real estate acquisition, land development, and construction loans. This position is responsible for independent credit analysis, underwriting, and preparation of comprehensive credit presentations for builder and developer clients in accordance with company policy, regulatory requirements, and sound risk management practices. The role supports both horizontal land development and vertical construction transactions, including acquisition financing, infrastructure development, and project feasibility analysis. The Underwriter partners closely with Loan Officers, Credit Management, and Operations to ensure accurate, timely, and compliant credit decisions. Responsibilities Underwrite and analyze commercial acquisition, land development, and construction loan requests. Provide independent underwriting recommendations that directly impact credit quality, portfolio risk, and overall loan performance. Prepare complete credit approval packages, including risk analysis, loan structuring, and credit recommendations. Analyze borrower and guarantor financial statements, tax returns, liquidity, global cash flow, and contingent liabilities. Evaluate project feasibility, budgets, cost-to-complete, absorption schedules, and pro forma cash flows. Review contracts, development agreements, construction contracts, appraisals, environmental reports, and engineering studies. Validate loan-to-value (LTV), loan-to-cost (LTC), debt service coverage ratios (DSCR), and guarantor support. Identify and mitigate risks related to entitlements, zoning, infrastructure, market conditions, and construction timelines. Ensure adherence to internal credit policies and regulatory guidelines. Collaborate with Loan Officers, Processors, Closing, and Legal to resolve underwriting co