Ronald Chiorello
Beverly,NJ
Summary
Experienced underwriting professional with expertise in commercial & residential real estate, C&I, and construction loans. Highly skilled at analyzing risk, spreading financial statements, and structuring highly complex loan applications. Looking to bring further success to a company through excellent attention to detail and a desire to solve any problem.
Overview
7
7
years of professional experience
Work History
Senior Commercial Credit Analyst
American Heritage Federal Credit Union
10.2020 - Current
- Review commercial real estate, residential, multifamily, C&I, and construction loan applications.
- Complete internal annual loan reviews which includes analyzing and monitoring portfolio credit performance against expectations and recommended improvement strategies.
- Reviewed credit reports to comprehensively view borrowers' credit history and identify potential red flags.
- Review legal contracts such as agreements of sale, trust agreements, business operating agreements, etc.
- Spread and model financial info from tax returns, income statements, balance sheets, K-1 statements, rent rolls, etc.
- Conduct industry research to understand economic conditions impacting borrower ability to repay loans.
- Calculate relevant ratios to assess loan application risk such as LTV, DSCR, DTI, etc.
- Work with relationship managers and loan processors to obtain any additional documentation needed from borrower to complete due diligence.
- Review appraisal, environmental, and property condition reports to ensure collateral property’s value is supported, access risk of any environmental risk factors, access condition of collateral property, and determine need for repairs.
- Recommend appropriate loan structures to relationship managers to ensure approval guidelines are met.
- Determine appropriate loan closing conditions and covenants at my discretion based on company guidelines and overall risk factors.
- Prepare credit memos to be reviewed for approval.
- Responsible for all loan committee presentations to upper management and executive teams for loan approval from $3 Million to $40 Million
- Ensure underwriting analysis is completed in a timely manner to meet closing deadlines.
- Responsible for managing and approving all construction draw requests for ongoing construction loan projects.
Consumer Loan Officer
The Bancorp Bank
05.2020 - 10.2020
- Responsible for processing and underwriting securities and insurance backed lines of credit.
- Evaluated loan requests and financial documents to verify accuracy and completeness.
- Monitored pipelines to track and log status of loans.
- Analyzed potential risks and evaluated loan products to identify suitable options for customers.
- Evaluated client's credit and collateral to make approval and declination recommendations.
- Discussed loan terms with applicants and request additional information when needed.
- Responsible for meeting funding deadlines and managing a heavy workload.
Loan Advisor
Freedom Mortgage
01.2020 - 05.2020
- Originated mortgage loan applications and monitored progress from start to finish.
- Discussed loan terms with applicants and explained very technical financial information to applicants in easy to understand language.
- Obtained copies of applicants' credit histories and reviewed paystubs, W2s, and tax returns to determine feasibility of granting loans.
- Analyzed potential risks and evaluated loan products to identify suitable options for customers.
- Negotiated loan terms and conditions with customers to secure best deal.
- Reviewed application to ensure applicant meets approval guidelines.
- Met monthly loan production quota.
Senior Loan Specialist
One Main Financial
04.2017 - 01.2020
- Originated personal, auto, & mortgage loan applications.
- Obtained copies of applicants' credit histories and reviewed paystubs, W2s, and tax returns to determine feasibility of granting loans.
- Negotiated loan terms to provide favorable outcomes for both customers and lenders.
- Approved and denied loan applications within my authority.
- Placed collection calls to delinquent accounts.
- Responsible for managing the branch in the absence of the branch manager.
- Monitored performance of existing loan portfolios to identify and address any issues.
- Met loan production quota.
Education
Master of Liberal Arts - Business Management
Harvard University
Cambridge, MABachelor of General Studies - Law & Justice
Rowan University
Glassboro, NJAssociate of Arts - Political Science
Rowan College at Burlington County
Mount Laurel, NJSkills
- Credit Analysis,
- Sales,
- Loan Underwriting
- Collections, MS Office
- Customer service
- NMLS
- Cash Flow analysis
- Loan structuring
Timeline
Senior Commercial Credit Analyst
American Heritage Federal Credit Union
10.2020 - Current
Consumer Loan Officer
The Bancorp Bank
05.2020 - 10.2020
Loan Advisor
Freedom Mortgage
01.2020 - 05.2020
Senior Loan Specialist
One Main Financial
04.2017 - 01.2020
Master of Liberal Arts - Business Management
Harvard University
Bachelor of General Studies - Law & Justice
Rowan University
Associate of Arts - Political Science
Rowan College at Burlington County
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