Fremont Bank
Sr. Construction Underwriter
Job Title:
Sr. Construction Underwriter
Location:
Livermore, CA
Hiring Salary Range:
$93,200 – $143,700 annually
Position Summary Fremont Bank — one of the Bay Area’s most respected and long‑standing financial institutions — is seeking a strategic, hands‑on professional to join and help advance our Construction Loan Operations team. This is a high‑impact opportunity to contribute to the success of a mission‑driven organization committed to excellence, community service, and strong client relationships.
If you're energized by purpose‑driven work, collaboration, and delivering meaningful results, we’d love to connect.
Why Fremont Bank? Founded in 1964, Fremont Bank is one of the oldest independently owned banks in the Bay Area and has been consistently recognized as a Top Workplace for 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:
Go above and beyond for clients
Foster a supportive and empowering environment for associates
Deeply invest in the well‑being of our local community
Role and Responsibilities
Screen all 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
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
Continually do 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
Ability to promote a team atmosphere between underwriting staff and sales staff
Position Overview The Senior 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.
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
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 Associates Thrive?
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 Snapshot Health & 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, sick time, and parental leave
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 are committed to creating an inclusive environment for all employees, regardless of race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, veteran status, or any other protected classification.
Salary Range The hiring salary range for this position is $xxxxxx to $xxxxxx annually, based on factors such as experience, skills, education, and internal equity. Compensation decisions are made in consideration of these factors and in alignment with Fremont Bank’s compensation philosophy.
Employee Stock Ownership Plan (ESOP) The Employee Stock Ownership Plan (ESOP) is a way for Fremont Bank to contribute to the financial well‑being of associates by making a contribution to their retirement account. In addition, the ESOP provides associates an opportunity to share in the growth and prosperity of Fremont Bank.
Note to Search Firms: Fremont Bank does not accept unsolicited resumes from search firms or agencies without a signed service agreement. Unsolicited resumes will be considered the property of Fremont Bank, and no fees will be paid.
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Sr. Construction Underwriter
Location:
Livermore, CA
Hiring Salary Range:
$93,200 – $143,700 annually
Position Summary Fremont Bank — one of the Bay Area’s most respected and long‑standing financial institutions — is seeking a strategic, hands‑on professional to join and help advance our Construction Loan Operations team. This is a high‑impact opportunity to contribute to the success of a mission‑driven organization committed to excellence, community service, and strong client relationships.
If you're energized by purpose‑driven work, collaboration, and delivering meaningful results, we’d love to connect.
Why Fremont Bank? Founded in 1964, Fremont Bank is one of the oldest independently owned banks in the Bay Area and has been consistently recognized as a Top Workplace for 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:
Go above and beyond for clients
Foster a supportive and empowering environment for associates
Deeply invest in the well‑being of our local community
Role and Responsibilities
Screen all 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
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
Continually do 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
Ability to promote a team atmosphere between underwriting staff and sales staff
Position Overview The Senior 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.
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
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 Associates Thrive?
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 Snapshot Health & 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, sick time, and parental leave
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 are committed to creating an inclusive environment for all employees, regardless of race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, veteran status, or any other protected classification.
Salary Range The hiring salary range for this position is $xxxxxx to $xxxxxx annually, based on factors such as experience, skills, education, and internal equity. Compensation decisions are made in consideration of these factors and in alignment with Fremont Bank’s compensation philosophy.
Employee Stock Ownership Plan (ESOP) The Employee Stock Ownership Plan (ESOP) is a way for Fremont Bank to contribute to the financial well‑being of associates by making a contribution to their retirement account. In addition, the ESOP provides associates an opportunity to share in the growth and prosperity of Fremont Bank.
Note to Search Firms: Fremont Bank does not accept unsolicited resumes from search firms or agencies without a signed service agreement. Unsolicited resumes will be considered the property of Fremont Bank, and no fees will be paid.
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