Loan Underwriter Cover Letter

In response to your job posting for loan underwriter, I am including this letter and my resume for your review.

Previously, I was responsible for expertise and research required to address questions or make recommendations concerning underwriting regulatory guidelines and procedures.

Please consider my qualifications and experience:

• Commercial loan underwriting for multi-family, senior housing, and related health care asset classes
• Develop financial models for the evaluation of bridge loan opportunities, prescreening of potential transactions, and review of personal financial statements
• Manage and oversee the due diligence process for loan transactions including ordering and evaluating appraisals, market studies, project capital need assessments, environment studies, corporate and personal financial statements, third party credit reports for the project and its Principals, insurance policies and endorsements and any other document(s) needed as part of the underwriting process
• Assist in the preparation of term sheets and letters of intent to prospective borrowers
• Analyze and review loan applications and loan documents
• Assist with drafting of investment memoranda and presentations to various investment committees for approval
• Create and manage Excel based cash flow models for multi-family housing and health care projects
• Calculate and interpret investment returns (i.e.- IRR, NPV, ROI, ROE)

I submit this application to express my sincere interest in the loan underwriter position.

In the previous role, I was responsible for underwriting training and support to all consumer and real estate loan originators and processors.

Please consider my experience and qualifications for this position:

• Interest or knowledge in understanding cash flow, financial statement analysis, key financial ratios, credit evaluation methods, credit scoring and risk management concepts
• Experience and interest in banking preferred
• Thorough knowledge of underwriting policies and procedures
• Knowledge of housing and affordable housing related market forces including
• Understanding of federal, state, municipal code, regulations
• FHA, FNMA, FHLMC, DE, VA, USDA, and RD experience is preferred
• NYC Area Experience is preferred
• Exhibits excellent time management

I would like to submit my application for the loan underwriter opening. Please accept this letter and the attached resume.

Previously, I was responsible for specialist underwriting advice to address specific technical queries from peers, producers and internal clients and deliver appropriate solutions, in line with the organization´s policies and processes and regulatory requirements.

My experience is an excellent fit for the list of requirements in this job:

• Experience with operating and capital expense budgets to ensure that all operational information is captured in the financial model and reporting packages
• Review and analyze historical and projected financial data and operational assumptions for feasibility and stress test scenarios
• Create financial and marketing presentations for general marketing purposes and distribute private placement offering materials to prospective financial investors and/or loan participants
• Strong finance, credit, legal real estate and/or business background
• Familiarity with financing multi-family housing, senior housing, and/or health care assets preferred
• HUD “MAP” and/or “Lean” underwriter approval helpful
• Strong oral and written communication skills, advanced financial analytical proficiency, and solid interpersonal skills
• Has accounting and financial statement analysis skills to determine business cash flows and financial ratios necessary to make a sound loan decision

Please consider me for the loan underwriter opportunity. I am including my resume that lists my qualifications and experience.

In the previous role, I was responsible for the basis on which loan to value and debt coverage ratio expectations are calculated to ensure compliance with established policies and regulatory guidelines.

My experience is an excellent fit for the list of requirements in this job:

• Has general knowledge of federal and state laws and regulations governing small business loan credit administration functions and developing credit policies and procedures for same
• Demonstrated professional business communication (phone, written and in person)
• Comfortable giving guidance to bank officers and making decisions
• Demonstrated knowledge of credit scoring and risk management concepts
• Underwrites all types of income, all product types including ethical and salable consumer loans and evaluates risk while insuring the quality of each loan submitted
• Competent in MS Excel Some knowledge of construction lending and environmental reports preferred
• Underwrites all types of income, all product types including ethical and salable Home Equity loans and consumer loans and evaluate risk while insuring the quality of each loan submitted
• FHA and/or VA Designations strongly preferred

I submit this application to express my sincere interest in the loan underwriter position.

In the previous role, I was responsible for support and direction to internal departments supporting underwriting workflow, (Loan Consultant, Income Review, CDP, Quality Control, etc.).

Please consider my qualifications and experience:

• Demonstrate a high level of interpersonal skills by relating well to others, displaying tact and diplomacy, showing respect toward others' opinions and reflecting a team player approach
• Word/Excel and Outlook some form of industry standard mortgage software
• Fundamental knowledge of compliance and regulatory issues pertaining to small business loans
• Complete knowledge of FNMA/FHLMC guidelines and with commercial cash flow analysis
• Computer literate with experience using Microsoft applications with mortgage industry standard software
• General knowledge and exposure to all areas of mortgage banking outside of underwriting
• Underwrites all types of income, all product types for consumer personal loans and evaluates risk while insuring the quality of each loan submitted
• FHA, Conv, and VA experience is preferred