David Morelli

Commercial and Residential Real Estate Finance professional with experience in originations, underwriting and portfolio management.

Experience

VP / LEAD WEALTH UNDERWRITER | WELLS FARGO BANK | APR 2013 – PRESENT

• Provide consultative underwriting guidance and support to our National High Net Worth Mortgage Underwriting Team, including mentoring of our junior or less experienced mortgage underwriters.
• Assess borrowing structures and perform financial analysis to determine available assets / cash flow.
• Discuss and recommend scenarios for approval, denial and counter-offers with internal partners and our Wealth Senior Credit & Risk Management Team.
• Prepare Credit Memorandums for escalated requests as needed.

COMMERICAL MORTGAGE UNDERWRITER | WELLS FARGO BANK | Aug 2010 – Apr 2013

• Negotiated, re-structured and underwrote loan assumptions and non-permitted equity transfer requests for commercial real estate loan commitments ranging from $2MM to $100MM. 
• Assess borrowing structures and perform financial analysis on various entities and individuals to determine available assets / cash flow and prepare credit memorandums. 
• Reviewed Appraisals, Environmental and Property Condition Reports to analyze collateral.
• Discuss and recommend scenarios for approval, denial and counter-offers with Executive Credit Leadership / Investors.
• Mentored junior underwriters and credit analysts.

AVP / RELATIONSHIP MANAGER | CALIFORNIA BANK & TRUST | OCT 2005 – DEC 2009 

• Shared responsibility with the Northern California Manager for loan origination and portfolio management of residential subdivision and commercial real estate construction and mini-perm loans, totaling up to $200MM in average outstanding commitments.
• Negotiated, structured and underwrote over $100MM in annual loan commitments and renewals.
• Assess borrowing structures and perform financial analysis on various entities and individuals to determine available assets / cash flow and prepare credit memorandums. 
• Reviewed Appraisals, Environmental and Property Condition Reports to analyze collateral.
• Monitored covenants, construction progress, project sales and lease-up status reports to ensure compliance with underwriting and loan documentation.

 AVP / CREDIT ANALYST III | CITY NATIONAL BANK | JAN 2005 – OCT 2005 

• Assisted the Northern California Relationship Managers with loan origination and portfolio management of residential subdivision and commercial real estate construction and mini-perm loans, totaling up to $200MM in average outstanding commitments.
• Structured and underwrote over $100MM in annual loan commitments and renewals.
• Assess borrowing structures and perform financial analysis on various entities and individuals to determine available assets / cash flow and prepare credit memorandums. 
• Reviewed Appraisals, Environmental and Property Condition Reports to analyze collateral.
• Monitored covenants, construction progress, project sales and lease-up status reports to ensure compliance with underwriting and loan documentation.

VP / HEALTHCARE LENDING OFFICER | BANK OF THE WEST | APR 2004 – JAN 2005 

• Responsible portfolio management and modification of senior housing loans, totaling up to $150MM in average outstanding commitments.
• Re-structured and underwrote over $75MM in annual modified loan commitments and renewals.
• Assess borrowing structures and perform financial analysis on various entities and individuals to determine available assets / cash flow and prepare credit memorandums.
• Reviewed Appraisals, Environmental and Property Condition Reports to analyze collateral.
• Monitored covenants and occupancy reports to ensure compliance with underwriting and loan documentation.

AVP / UNDERWRITER II | BANK ONE | MAY 1999 – MAR 2004 

• Assisted the Northern California Relationship Managers with loan origination and portfolio management of residential subdivision and commercial real estate construction and mini-perm loans, totaling up to $250MM in average outstanding commitments.
• Structured and underwrote over $100MM in annual loan commitments and renewals.
• Assess borrowing structures and perform financial analysis on various entities and individuals to determine available assets / cash flow and prepare credit memorandums. 
• Reviewed Appraisals, Environmental and Property Condition Reports to analyze collateral.
• Monitored covenants, construction progress, project sales and lease-up status reports to ensure compliance with underwriting and loan documentation.

Education

B.S. IN BUSINESS ADMINISTRATION, REAL ESTATE | DEC 1994 | CSU, SACRAMENTO

CREDIT / FINANCIAL ANALYSIS TRAINING PROGRAM | JUN 1999 | BANK ONE, PHOENIX, AZ