Bank of America Hiring for Credit Underwriter – Ultra-High Net Worth Mortgage at Chandler, Arizona Full Time

Credit Underwriter – Ultra-High Net Worth Mortgage

Charlotte, North Carolina;Tampa, Florida; Los Angeles, California; Chandler, Arizona; Saint Louis, Missouri; Phoenix, Arizona

Job Description:

Performs all underwriting tasks for custom mortgage loan requests to ultra high net worth clients of Global Wealth and Investment Management, which includes US Trust Private Wealth Management and Merrill Lynch.

The position works closely with client teams and credit partners, completes customized credit approval packages, approval memos and other standard documents and manages the documentation process to ensure on-time loan booking.

The ideal candidate can analyze risks and identify mitigates, recommend risk ratings, exposure strategies, credit structures and sponsor recommendations through the approval process. This role interfaces with client teams, risk, residential real estate credit specialists, servicing and legal partners to support the timely delivery of the credit solutions.

Primary duties include underwriting and obtaining credit approval for custom mortgage loan products to clients of Global Wealth and Investment Management.

Required Skills:

• Analyze and spread personal financial information and tax returns and evaluate debt capacity

• Analyze due diligence including personal, legal and collateral-dependent

• Manage multiple deals simultaneously with different constituents depending on deal stage

Desired Skills:

• Bachelor’s degree in business administration, finance, accounting or economics preferred

• Formal credit training at a major US Financial Institution preferred

• 3-5 years of commercial credit experience

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Performs all underwriting tasks for custom mortgage loan requests to ultra high net worth clients of Global Wealth and Investment Management, which includes US Trust Private Wealth Management and Merrill Lynch.

The position works closely with client teams and credit partners, completes customized credit approval packages, approval memos and other standard documents and manages the documentation process to ensure on-time loan booking.

The ideal candidate can analyze risks and identify mitigates, recommend risk ratings, exposure strategies, credit structures and sponsor recommendations through the approval process. This role interfaces with client teams, risk, residential real estate credit specialists, servicing and legal partners to support the timely delivery of the credit solutions.

Primary duties include underwriting and obtaining credit approval for custom mortgage loan products to clients of Global Wealth and Investment Management.

Required Skills:

• Analyze and spread personal financial information and tax returns and evaluate debt capacity

• Analyze due diligence including personal, legal and collateral-dependent

• Manage multiple deals simultaneously with different constituents depending on deal stage

Desired Skills:

• Bachelor’s degree in business administration, finance, accounting or economics preferred

• Formal credit training at a major US Financial Institution preferred

• 3-5 years of commercial credit experience

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21045152

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Robert Foster

Referral Bonus:

0