Stephen Hagestad Email & Phone Number

Spokane, Washington, United States

Manage and support client relationships within a $300MM portfolio. Monitor overdrafts, past dues and assist with existing and future needs of clients.

Spokane, WA, United States

Spokane Valley, WA

• Merchant e-Solutions is a U.S. based payment processing company where my role is to research, analyze and mitigate risk of each merchant to minimize loss via chargebacks and fraud losses to company. This is.
• Merchants vary in size from charities with one annual event for a few thousand dollars to an entity operating globally registering sales in excess of a billion dollars annually. Larger companies include several.
• Prepare credit recommendations for approval and, in some cases, concurrence with Sponsor bank on requests that exceed $5 million in exposure to company. This includes annual reviews of existing merchants.
• Continuous education of changes to Federal regulations and industry standards throughout the various industries and products that are prohibited (e.g. CBD’s, travel, health care and certain firearms).

Spokane, Washington Area

• Perform credit analysis, research market/industry trends and prepare a written credit presentation to recommend the decision to the Credit Administrator.
• Types of requests include: Owner/Non-Owner Occupied Real Estate purchase, refinance and construction as well as C&I operating lines, credit cards and equipment transactions.
• Partner with all of support staff to help define, improve and document all processes to better assist our members with quick and efficient decisions.
• Additional tasks include annual review of all outstanding loans within the portfolio in excess of $250M to measure continued performance of all repayment sources and document any covenant violations. All reviews and.
• Report builder for the Commercial lending department from 2016 - 2017.o Created a report to track and maintain the status’ on all annual reviews to improve monitoring of the existing portfolio. This had been lacking.
• Completed CUNA's Business Lending Certification Institute in 2015 and obtained my Credit Union Business Lending Professional (CUBLP) designation. This was a three-year program program that I completed in two years..

Spokane, Washington Area

• Fast paced centralized credit administration team that decisions all of Sterling Banks Small Business loans.
• Key player in developing logic and parameters for underwriting platform.
• Review and complete financial analysis for Small Businesses and their owners in order to meet Sterling's lending parameters.
• Partnered with and trained Branch Managers and Lenders on additional lending solutions to better position customers loan requests.
• Manage risk of portfolio by reviewing monthly reports containing key characteristics common with deterioration of borrower's repayment ability.Highlights:
• As lead Underwriter our small business portfolio maintained a delinquency ratio of less than 2%.

Spokane, Washington Area

• Analyzed and evaluated financial statements to determine credit worthiness of Small Business applicants.
• Documented and communicated financial findings to Underwriters for decision.
• Data entry of all applications into loan origination system for processing by an underwriter
• Responsible for reviewing all collateral documentation to ensure proper lien positions and collateral values.Highlights:
• Gained invaluable experience analyzing non-performing assets while attempting to minimize losses to the bank from late 2008 through 2011.

Bachelor Of Science (Bs), Finance, General

Credit Union Business Lending Professional - Cublp, Banking And Financial Support Services

Education record