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The Commercial Loan Officer is responsible for developing and managing the commercial loan portfolio. As part of a team, this lending position will be responsible for sourcing new relationships and growing the loan and deposit portfolio of the Business Services Department.
In addition to lending responsibilities, the Commercial Loan Officer will assist the members when needed in opening, closing, and maintaining commercial accounts; closing commercial loans, and maintaining proper documentation and reviews of commercial loans.
The Commercial Loan Officer will also support and assist the Business Services Specialist in the daily operations of the commercial loan department including interacting with commercial members with their deposit and loan requests; assisting in preparing, presenting, closing, and monitoring commercial loan requests and developing and maintaining business loan service relationships to help support loan operations.
Responsibilities
• Procurement of commercial business relationships including solicitation for new loans and deposits
• Commercial account management to include review and monitoring of financial statements and other support documentation. Including opening, closing, and maintaining commercial accounts.
• Provides supervisory support and assistance to the Business Services Specialist
• Maintains appropriate records and reports related to the commercial loan and deposit operations.
• Cross-sells credit unions, products, and services as determined by the monthly department manager.
• Assist borrowers in selecting loan programs that best fit their financial goals and needs
• Oversee all customer interactions and ensure a smooth transaction by interfacing with realtors, processors, and underwriters
• Maintain an active rolling pipeline of funding per our guidelines
• Review the loan process by monitoring loan status, term conformity, and regulatory guidelines
• Ensure accurate and timely preparation of all required documents from borrowers, loan officers, title companies and other related industry professionals
Qualifications
• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Proven experience in commercial lending or related financial services roles.
• In-depth knowledge of lending practices, financial analysis, and risk assessment.
• Strong understanding of regulatory requirements governing commercial lending.
• Excellent communication and negotiation skills.
• Ability to thrive in a fast-paced, target-driven environment.
• Relevant certifications (e.g., Certified Commercial Loan Officer) are a plus.
• Demonstrates an understanding of, and follows the requirements of all regulation compliance, including but not limited to those of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Customer Identification Program (CIP) and Member Due Diligence (MDD) as it specifically relates to their job functions. Employees shall be trained annually in BSA/AML compliance.
• Provide excellent interpersonal and customer service skills, superior written and verbal communication skills, and exceptional decision-making ability
• Understand a variety of loans such as: FHA, VA, USDA, conventional, fixed/ adjustable, bridge, non-conforming, FNMA and FHLMC, and Home Equity Lines of Credit
• Several years of experience in real estate, mortgage origination, or lending required
• Previous experience with Office Suite and loan originating software such as Experian, Calyx, or LendingWise preferred
• Requires compliance with lending regulations and bank underwriting guidelines and lending policies
The Commercial Loan Officer is responsible for developing and managing the commercial loan portfolio. As part of a team, this lending position will be responsible for sourcing new relationships and growing the loan and deposit portfolio of the Business Services Department.
In addition to lending responsibilities, the Commercial Loan Officer will assist the members when needed in opening, closing, and maintaining commercial accounts; closing commercial loans, and maintaining proper documentation and reviews of commercial loans.
The Commercial Loan Officer will also support and assist the Business Services Specialist in the daily operations of the commercial loan department including interacting with commercial members with their deposit and loan requests; assisting in preparing, presenting, closing, and monitoring commercial loan requests and developing and maintaining business loan service relationships to help support loan operations.
Responsibilities
• Procurement of commercial business relationships including solicitation for new loans and deposits
• Commercial account management to include review and monitoring of financial statements and other support documentation. Including opening, closing, and maintaining commercial accounts.
• Provides supervisory support and assistance to the Business Services Specialist
• Maintains appropriate records and reports related to the commercial loan and deposit operations.
• Cross-sells credit unions, products, and services as determined by the monthly department manager.
• Assist borrowers in selecting loan programs that best fit their financial goals and needs
• Oversee all customer interactions and ensure a smooth transaction by interfacing with realtors, processors, and underwriters
• Maintain an active rolling pipeline of funding per our guidelines
• Review the loan process by monitoring loan status, term conformity, and regulatory guidelines
• Ensure accurate and timely preparation of all required documents from borrowers, loan officers, title companies and other related industry professionals
Qualifications
• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Proven experience in commercial lending or related financial services roles.
• In-depth knowledge of lending practices, financial analysis, and risk assessment.
• Strong understanding of regulatory requirements governing commercial lending.
• Excellent communication and negotiation skills.
• Ability to thrive in a fast-paced, target-driven environment.
• Relevant certifications (e.g., Certified Commercial Loan Officer) are a plus.
• Demonstrates an understanding of, and follows the requirements of all regulation compliance, including but not limited to those of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Customer Identification Program (CIP) and Member Due Diligence (MDD) as it specifically relates to their job functions. Employees shall be trained annually in BSA/AML compliance.
• Provide excellent interpersonal and customer service skills, superior written and verbal communication skills, and exceptional decision-making ability
• Understand a variety of loans such as: FHA, VA, USDA, conventional, fixed/ adjustable, bridge, non-conforming, FNMA and FHLMC, and Home Equity Lines of Credit
• Several years of experience in real estate, mortgage origination, or lending required
• Previous experience with Office Suite and loan originating software such as Experian, Calyx, or LendingWise preferred
• Requires compliance with lending regulations and bank underwriting guidelines and lending policies
