Commercial Loan Officer

1 month ago

New York, United States The Ladders Full time
Position Summary

The Commercial Loan Officer is responsible for developing new business, underwriting, structuring, reviewing, and closing of commercial loans as well as maintaining and servicing a commercial loan portfolio. The Commercial Loan Officer is responsible for originating business and commercial property loans by phone, on-line, in person, or from a team member referral. Business loans will be sourced primarily by engaging with prospective and current borrowers or brokers to originate these loans. This position collects, reviews, evaluates, and originates commercial loan requests and all supporting documentation, and is responsible for accurate and efficient completion of the loan application, using this process as an opportunity to cross sell other credit union loan and deposit products. The Commercial Loan Officer position reports to the Senior Vice President of Lending. This individual will effectively communicate with the member, the SVP of Lending, and The Summit's third-party consultant, to ensure problem resolution and member satisfaction in a timely manner. This position establishes and preserves professional business relations with loan referral sources and performs all responsibilities in a manner that serves The Summit's Mission and upholds the credit union's values. This individual will represent the Credit Union in its market area through active participation in community affairs.

Essential Responsibilities - Must be capable of performing the following essential responsibilities, with or without reasonable accommodations, as outlined below.
  • Be the primary contact for all commercial related services provided by the credit union including the main contact for our third-party consultant.
  • Identify and develop relationships with community prospects, potential borrowers, developers, real estate professionals, brokers and others to solicit leads for commercial loans.
  • Pre-qualify members or potential members, interview the member to complete application, gather necessary documents, assemble loan file, issue preliminary disclosures with related fees, and prepare loan application for processing.
  • Evaluate credit data, financial statements, cash flow and collateral to determine credit quality of applicants. Educates members regarding credit products and services and how they can serve their needs. Communicates reasons for decline for applicants when their loan request is denied.
  • Conduct site visits to view and document condition of collateral.
  • Advise members of steps and normal timeframes in loan process, including but not limited to setting expectations for time critical events, rates, fees, APR, and other important elements of financing.
  • Cross sell additional credit union products and services that complement and enhance the member's financial well-being.
  • Must successfully participate and pass all continuing education work as requested by The Summit and /or required by Regulatory agencies.
  • Must have, or obtain immediately upon hire, a current NMLS individual license and maintain current NMLS designation at all times while Commercial Loan Officer in market being served.
  • Assist loss mitigation team with collection efforts on past due loans.
  • Follow current loans and credit lines to ensure complete compliance with terms.
  • Call on potential or existing customers to develop new business and increase or retain existing business.
  • Participate as the primary staff liaison to the Business Loan Review Committee.
Other Responsibilities
  • Participate in special assignments, projects, and committees as requested by the SVP, Lending.
  • Provide a positive example to all areas in the credit union through their interactions with others.
  • Establish and maintain networking relationships throughout the community through involvement and participation in business, social, community, committees, Boards, or other activities.
  • Represents and promotes the credit union with the business communities.
*Note: The above information on this job has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Qualifications and Skills

Education & Experience - Applicants must possess the following qualifications or an equivalent combination of education and experience:
  • Education: Associate's degree in business, finance, or related field preferred.
  • Experience: 4-6 years of commercial lending/sales, underwriting experience and loan review. Knowledge of commercial lending required. Related experience with regulatory, compliance and due diligence requirements.
Knowledge/Skills/Abilities (including Technical & Systems/Equipment Proficiencies)
  • Ability to build a network of commercial real estate referral sources, generate sales leads, and produce loans on own initiative.
  • Ability and desire to make solicitation calls in person and on the phone.
  • Ability to analyze financial statements to determine liquidity, cash flow, debt-to-worth, trends, etc. Underwriting skills include ability to add context to credit memorandum, write analysis on repayment ability, liquidity, cash flow, trends, leverage, collateral, management, and credit.
  • Must have the ability to underwrite commercial loans as well as perform annual reviews as necessary.
  • Understanding of NCUA and credit union guidelines for commercial loans and good understanding of member business lending.
  • Ability to effectively present loans to business loan committee.
  • Self-motivated and independent with the ability to balance a demanding workload and meet critical deadlines.
  • Ability to work collaboratively and autonomously in a fast-paced environment.
  • Ability to assist in minimizing risk to credit union, maximize borrowing potential and maintain professional reputation of credit union.
  • Microsoft Office Suite, particularly: Outlook, Word, and Excel
  • Office equipment (i.e. calculators, computers, printers, copiers, multi-line phone systems and fax machines)
  • Intranet/Internet, navigation of web-based vendor systems, and utilization of teller & banking software
Physical Requirements
  • Lifting (5-10 pounds)
  • Standing/Sitting extended periods of time, while working in front of computer monitor
  • Typing / Data Entry
  • Professional Office Environment
  • Overhead Lighting
Training and Compliance Requirements
  • Subject to the compliance requirements of all related federal regulations, including but not limited to; the Bank Secrecy Act (BSA), Anti Money Laundering (AML), Information Security and Privacy policies and procedures. Employees complete annual BSA, AML, Information Security, Privacy and other job-related training requirements as established by the Summit and within deadlines.
Licensure Requirements
  • In compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act) and the statute's regulations, applicants must be eligible to register as a Mortgage Loan Originator (MLO). Candidates being considered will be subject to a credit check and fingerprinting.

  • Commercial Loan Officer

    2 weeks ago

    New York, United States Selby Jennings Full time

    Title: Commercial Loan Officer Location: Oklahoma City, OK - relocation assistance provided 100% onsite requirement My client is seeking a dedicated and skilled Commercial Real Estate Loan Officer to join the team their growing team. This role involves managing and expanding the commercial real estate loan portfolio, working closely with clients to provide...

  • Commercial Loan Officer

    2 weeks ago

    New York, United States TENTH MOUNTAIN LLC Full time

    Job DescriptionJob DescriptionJob Summary:We are seeking a motivated and experienced Commercial Loan Officer to join our team. The ideal candidate will be responsible for originating and managing commercial loan portfolios, building relationships with clients, and providing expert financial advice to meet their commercial lending needs. This role requires a...

  • Commercial Loan Officer

    2 months ago

    New York, New York, United States Wayne Bank Full time

    Duties: Manages a commercial loan portfolio in the designated service area, provides direct and indirect commercial lending services and ensures efficient and effective service of commercial loans. Implements strategies to achieve and exceed established sales and customer service goals, ensures compliance with all established operating policies/procedures...

  • Senior Commercial Loan Officer

    2 days ago

    New York, New York, United States Webster Bank Full time

    About Webster Bank: As a leading commercial bank, we value integrity, collaboration, accountability, agility, respect, and excellence. Our commitment to serving our clients and communities is unwavering, and we strive to provide a supportive work environment for our employees.Job Title: Commercial Loan AdministratorKey Responsibilities:Act as the primary...

  • Senior Commercial Loan Administrator

    3 months ago

    New York, United States Webster Bank Full time

    If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our...

  • Commercial Loan Specialist

    2 weeks ago

    New York, United States Social Capital Resources Full time

    Top-Tier Commercial Bank in Midtown, Manhattan is seeking multiple Commercial Loan Operations candidates for permanent positions! Responsibilities: Collect and maintain information for credit analysis and evaluation of credit facility applications Arrange and negotiate credit facilities for clients to meet their financing needs Answer and handle...

  • Commercial Loan Specialist

    5 months ago

    New York, United States Social Capital Resources Full time

    Top-Tier Commercial Bank in Midtown, Manhattan is seeking multiple Commercial Loan Operations candidates for permanent positions!Responsibilities: Collect and maintain information for credit analysis and evaluation of credit facility applicationsArrange and negotiate credit facilities for clients to meet their financing needsAnswer and handle customers’...

  • Loan Officer

    2 weeks ago

    New York, United States Builders Capital Full time

    Builders Capital is looking for a Loan Officer in the Charleston, SC area who has construction finance experience to join our fast-growing company! This is an incredible opportunity to join the largest private construction lender in the country, at a time when our loan products are needed more than ever, and we are on an incredible growth trajectory. As a...

  • Senior Loan Officer

    15 hours ago

    New York, New York, United States Flagstar Bank Full time

    The Senior Loan Officer at Flagstar Bank plays a pivotal role in collaborating with Private Client Groups and their potential clients in the formulation of intricate personal and commercial financing solutions. KEY RESPONSIBILITIES:Conducts interviews with applicants to gather necessary information for loan submissions.Advises on requests that surpass credit...

  • Loan Officer

    2 weeks ago

    New York, United States Industrial and Commerce Bank Of China USA NA Full time $75,000 - $110,000

    Job DescriptionJob DescriptionJob Title: Loan Officer / Business ManagerDepartment: Commercial Banking Department (“CBD”)Classification: ExemptReports to: SVP & Head of Commercial BankingSummary/Objective:To develop new businesses, maintain a sound loan portfolio and assist the department head in various operations of the department.Essential...

  • Experienced Agricultural and Commercial Loan Officer

    6 days ago

    York, Nebraska, United States The Ladders Full time

    Join Our TeamWe are a dynamic community bank seeking a seasoned professional in agricultural and commercial lending. This position offers the opportunity to manage an established portfolio while cultivating new client relationships to enhance the bank's growth.Key ResponsibilitiesIdentify and pursue lending opportunities in both commercial and agricultural...

  • Loan Officer

    2 weeks ago

    New York, United States jcw llc Full time

    Loan Officer New York, NY (on-site) Fluency in Korean is required Experience : 3-5 years in a similar field required Primary Responsibilities : Loan Assessment & Approval : Evaluate and approve loans for businesses, real estate, or personal credit. Financial Evaluation : Specialize in assessing the financial position of loan applicants. Loan File...

  • Commercial Loan Portfolio Manager

    6 days ago

    New York, New York, United States Amalgamated Bank of NY Full time

    About the PositionThe Commercial Loan Portfolio Manager plays a vital role in overseeing current lending relationships in partnership with a Commercial Banker. This role encompasses credit evaluation, financial assessment, and management of client relationships. The Portfolio Manager will collaborate closely with borrowers, internal teams, and external...

  • Loan Officer

    2 weeks ago

    New York, United States JCW Full time

    Loan OfficerNew York, NY (on-site)Fluency in Korean is requiredExperience: 3-5 years in a similar field requiredPrimary Responsibilities:Loan Assessment & Approval: Evaluate and approve loans for businesses, real estate, or personal credit.Financial Evaluation: Specialize in assessing the financial position of loan applicants.Loan File Management: Maintain...

  • AVP Commercial Real Estate Construction Loan Administrator

    1 day ago

    New York, New York, United States ACG Resources Full time

    Job OverviewPosition: AVP Commercial Real Estate Construction Loan AdministratorSalary: $100K - $150KWe are seeking an experienced AVP Commercial Real Estate Construction Loan Administrator to join our dynamic team at ACG Resources. In this pivotal role, you will oversee a portfolio of commercial real estate construction loans and provide essential...

  • SME in Commercial Banking and Loan Trading

    2 days ago

    New York City (Manhattan), United States Techno-Comp USA, Inc. Full time

    Job Title: SME in Commercial Banking and Loan TradingLocation: NYC, NYDuration: Long term SMEWho are in Commercial Banking in Leveraged finance and Loan TradingIn operations back office, front, mid, back office Broad understanding of operational

  • Loan Officer

    2 weeks ago

    New York, United States Impeccable Lending Full time

    About us Impeccable Lending is licensed in four states and expanding their offices to Ellijay, GA. We are professional, agile, fast-paced and our goal is to provide our clients with exceptional services. By adopting a ‘people before profits’ approach, we’re confident that when we operate with your best interest in mind, the rest falls into place. Our...

  • Commercial Loan Sale Originations Director

    1 day ago

    New York, New York, United States Marcus And Millichap Full time

    Job SummaryMission Capital Advisors, a leading loan sale advisor and due diligence provider, is seeking a Director/VP to join their commercial, residential, and C&I loan portfolio sales team. The ideal candidate will work closely with senior members of Mission Capital and will be based in New York, NY.Key ResponsibilitiesDevelop and maintain high-level...

  • Loan Officer

    2 weeks ago

    New York, United States Northpointe Bank Full time

    The POWER of a CAREER! Northpointe Bank is seeking a detail oriented, customer service minded individual to join our Retail Lending Team in Tennessee as a Loan Officer . This position requires an individual who has the desire to make a difference within the organization. An exceptional ability to grasp new concepts and learn while providing excellent service...

  • Senior Commercial Loan Underwriter

    6 days ago

    New Hyde Park, New York, United States The Ladders Full time

    Position Overview: We are seeking a skilled Senior Commercial Loan Underwriter to join our esteemed organization, The Ladders. In this role, you will collaborate with a talented team in a vibrant work atmosphere. The compensation package ranges from $85,000 to $105,000 annually.Qualifications: A minimum of five (5) years of expertise in commercial loan...