Joseph Grassi, Mba Email & Phone Number

Boston, Massachusetts, Us

• Facilitates management of a $180 million commercial loan portfolio in partnership with 4 business bankers. • Provides risk assessment, develops risk mitigation strategies, credit administration, and underwriting for business and real estate loans, many guaranteed by the Small Business Administration. • Mentors loan officers on construction lending, customer engagement and process improvement. • Received several merit awards for work with loan officers, managers, and colleagues.

Littleton, Massachusetts, Us

• Originates commercial real estate loans.• Manages a portfolio of $80 million in commercial real estate and business loans.• Engaged in originating, underwriting, and servicing commercial real estate and business loans, including loans enhanced by a guaranty from the U. S. Small Business Administration. • Handles collection issues and modification requests; serves on loss mitigation team, interfaces with legal.• Monitors performance of the credit union’s investments in Participation loans with other institutions.• Performs and coordinates annual reviews on approximately $60 million of assigned commercial loans.• Played a key role in the credit union’s Paycheck Protection Program, handing the larger PPP transactions.• Serves on the implementation team for a new commercial lending platform, to enhance productivity.• Through community engagement, supports the “Workers Way” financial education campaign for members.• Works with the marketing team to develop and write blog posts that support business lending.• Workers Credit Union is now federally chartered with about $2 billion in assets; it is the 4th largest credit union in Massachusetts, with 108,600 members and more than 300 employees.

Shrewsbury, Ma, Us

• Developed a streamlined process to underwrite SBA Paycheck Protection Program loans. • Evaluates loan requests, principally for real estate investment, and construction and development loans. These included multi-family housing, subdivisions, teardowns for new luxury single-family homes.• Prepares financial reports, presents loan requests and findings to executive loan committee for approval.

Hudson, Ma, Us

• Executive MBA Project, Fall 2018: developed a cross-functional marketing concept, “Bank at Work” to obtain new consumer and business deposits, through workplace marketing and financial education programs. The concept was incorporated into the bank’s 5-year strategic plan, for implementation in 2020.• As an early adopter of fintech, and a key member of the implementation team, facilitated a new commercial banking software application. Built efficiencies; served as work force trainer; obtained 99% user acceptance. • Assessed risk on loans from $250,000 to $10 million, recommended deal structures on business loans, commercial real estate, SBA and Construction. Wrote detailed financial reports on small to medium-sized firms, to venture capital backed corporations, in real estate, health services, government contracting and solar energy.• Built relationships with clients; focusing on exceptional verbal and written communication, detailed Q&A, to support underwriting and deal progress through credit analysis, credit committee and board approvals.

Hudson, Ma, Us

• Evaluated risk on residential loans; reviewed credit, income, assets and collateral; made lending decisions.• Determined if loan applications benefitted clients; “ability to repay” and “qualified mortgage” requirements. Handled Fannie Mae, MassHousing, FHLB, the Bank’s portfolio of ARM products and Construction loans. • Originated $5MM of CREM, referred to the Avidia Bank commercial lending team. (Career total $31 million).

Wakefield, Ma, Us

• Monitored a $164 million portfolio of residential mortgages and consumer loans. Made payment arrangements, recommended loan modifications. Worked with management and legal team on work-outs and foreclosures. Lowered delinquency rate from 1.64% to 0.5%.• Made underwriting and credit decisions on residential loans.