Job Summary:

The Loan Officer will review loan applications to evaluate, authorize, and/or recommend the approval of commercial, credit, or real estate loans.

Supervisory Responsibilities:

• Assists with training of newly hired loan officers.

Duties/Responsibilities:

• Assists potential borrowers with completion of initial loan applications; reviews submitted applications for accuracy and completion, requesting additional information or detail as needed.
• Verifies information and financial history provided; acquires borrowers credit reports from major credit reporting bureau(s).
• Submits application to credit analysts or, when appropriate, examines application and creditworthiness of potential borrower; determines or makes recommendations regarding approval or denial/modification of requested loan.
• Approves or, when outside pre-approved lending limits, refers loans to management for analysis and approval.
• Ensures loan agreements are completed according to policy; calculates and explains payment schedules.
• Explains different lending and credit options and bank products to potential and current clients.
• Maintains credit and lending records and files.
• Maintains a robust referral network in the local banking community with builders, real estate agents, and other related businesses.
• Performs other related duties as assigned.

Required Skills/Abilities:

• Excellent verbal and written communication skills.
• Excellent interpersonal, customer service, and sales skills.
• Extremely proficient with Microsoft Office Suite or related software program.
• Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), and other types of construction and conventional loans.

Education and Experience:

• Bachelors Degree in Finance or Business Administration required.
• Certification of any mandatory state loan officer training or licensing required.

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.
• Must be able to travel at times.