Loan Officer

A loan officer is responsible for evaluating, authorizing, or recommending approval of loan applications for people and businesses. They also advise borrowers on financial status and payment methods.

Responsibilities:

Evaluate credit worthiness by processing loan applications and documentation within specified limits
Interview applicants to determine financial eligibility and feasibility of granting loans
Determine all applicable ratios and metrics and set up debt payment plans
Communicate with clients either to request or to provide information
Justify decisions (approvals/rejections) and report on them
Complete loan contracts and counsel clients on policies and restrictions
Update job knowledge on types of loans and other financial services
Maintain and update account records
Assess customer needs, explore all options and introduce different types of loans
Develop referral networks, suggest alternate channels and cross-sell products and services
Ensure compliance with all financial policies and regulations

Requirements:

Proven working experience as a loan officer
Familiarity with computers and banking applications/software
Solid understanding of direct/indirect lending products and practices
Excellent communication and interpersonal abilities
Customer satisfaction orientation and sales competencies
Ability to work in a goal-oriented environment
BS degree in finance, economics or a related field

Responsibilities

Interface with realtors, processors, and underwriters to ensure a smooth transaction while overseeing all customer interactions
Maintain and build relationships through networking and prospecting with bankers, realtors, builders, and your community to attract new business
Counsel borrowers to understand the pros and cons of different loan products to determine which is best for them
Exceed our production standards by maintaining an active pipeline
Work closely with industry related professionals to gather and prepare all necessary information to complete underwriting requirements

Qualifications

Requires compliance with lending regulations and bank underwriting guidelines and lending policies
Office Suite knowledge and loan originating software such as Calyx, Experian, or LendingWise preferred
Current NMLS State License or Federal NMLS Registration
Multiple years of real estate, mortgage origination, or lending required
Exceptional decision-making ability, superior written and verbal communication skills, and superb interpersonal and customer service skills required

Compensation

0 - 0 yearly