Commercial Loan Officer
Salary – $80,000 – $125,000
Full benefits and matching 401K
Originate, underwrite and close secured and unsecured commercial and/or agricultural loans in accordance with established lending objectives, policies and procedures; establish and maintain positive relationships with existing and potential customers, by performing the following duties. May also originate, underwrite and close secured and unsecured real estate and retail loans.
- Interview applicants and requests specified information for loan application; request applicant credit reports, background checks, reference checks, and other information pertinent to evaluation of loan application; analyze applicant financial status, credit, and property evaluation to determine feasibility of granting loan; and correspond with or interviews applicant or creditors to resolve questions regarding application information.
- Compile loan package and facilitate negotiation with applicant according to established standards, such as fees, loan repayment options, and other credit terms; refer loan to loan committee for approval; ensure loan agreements are complete and accurate according to policy; assure timely loan closing and funding activities.
- Utilize government programs when deemed necessary to meet customer’s credit needs.
- Ensures credit quality is well managed with measures in place to monitor the progress in the collection of delinquencies, and charge offs. In addition, monitoring the underwriting of new and renewed or re-structured loans must be constant to make certain the guidelines for the analysis and review is adhered to and documented in the loan files. This includes terms and conditions set forth by the appropriate loan committee further ensuring credit quality is maintained. Incentive plans have been put in place to reward lenders listed in the above categories the opportunity to earn additional monies for performance above normal expectations by setting “stretch” goals inside the plan. If met these incentives are rewarded for above expected performance. The reverse can happen by setting percentages in the plan that reduce the incentive for less than satisfactory performance