Project Description

Project Brief

175 MM dollar community bank lost a commercial loan officer and needed to fill a vacancy and have a qualified commercial loan officer assume responsibility for a 20+ mm portfolio. The ideal fit was someone with local contacts who could not only manage the current book but also bring additional relationships to the bank. We were able to locate a qualified commercial loan officer with 15 years of experience who was located no more than 15 miles from the desired branch. We helped our bank fill their vacancy within 30 days.

Job Description

We are seeking a motivated, experienced Commercial Loan Officer to join our growing company. In this
position, you will evaluate and approve or deny loan applications. You will act as a liaison between
financial institutions, individuals, and businesses applying for loans as well as process loan applications,
solicit loans, and act as intermediary for creditors and borrowers.

Duties and Responsibilities

  • Evaluate credit and financial histories
  • Engage with customers and clients to determine loan needs
  • Prepare loan proposals
  • Process loan applications and documentation
  • Advise clients on loan policies and restrictions
  • Maintain and update client account records
  • Coordinate with team to meet scheduled closing dates
  • Submit loan applications and documentations
  • Maintain compliance with local, state, and federal laws
  • Interview loan applicantsAdvise borrowers on financial status and payment methods
  • Advise borrowers on financial status and payment methods
  • Perform any and all other duties needed

Requirements and Qualifications

  • Bachelor’s degree in finance, economics, or related field preferred
  • Mortgage loan officers must be licensed as mortgage loan originators (MLO)
  • State loan officer license from the National Mortgage Licensing System (NMLS)
  • Proficient computer skills, including Microsoft Office Suite
  • Knowledge of local, state, and federal loan regulations
  • Strict adherence to company financial policies and processes
  • Experienced at compiling and following policies and processes
  • Able to analyze financial records and transfer data