Community Association Loan Officer

1 week ago


Itasca, Illinois, United States ITASCA BANK & TRUST Company Full time
About the Role

This is a full-time position at Itasca Bank & Trust Co., a reputable community bank with a strong commitment to its staff and customers. As a Community Association Loan Officer, you will play a crucial role in generating new HOA loans and maintaining existing relationships that meet bank credit standards.

Key Responsibilities
  • Generate new HOA loans and accompanying HOA deposit relationships, ensuring they meet bank credit standards.
  • Perform comprehensive reviews of loan due diligence to support credit decisions and ensure perfection of bank's lien on collateral.
  • Produce sound and accurate underwriting decisions in a timely manner.
  • Build relationships with referral sources, existing customers, and HOA board members to identify new business opportunities.
  • Attend networking and social functions to market the Bank's products and services.
  • Provide ongoing support to property management staff post-loan closing, including communication with HOA board members, vendors, CPA firms, and attorneys.
  • Coordinate with the Bank's attorney to ensure accurate loan documents are produced in a timely manner.
  • Coordinate with the Bank's marketing department to develop advertising content.
  • Coordinate with Operations staff members to ensure smooth HOA deposit account on-boarding.
  • Coordinate with the loan team to ensure HOA loan requests move efficiently through all stages.
  • Promptly recognize potential problem credits and implement resolution strategies.
  • Proactively manage delinquencies with effective collection efforts, minimizing losses in the portfolio.
  • Manage time effectively, prioritize work appropriately, and consistently meet deadlines.
  • Produce professional, articulate, and concise written and verbal communication.
  • Protect the Bank and its customers by maintaining a high level of security awareness.
  • Understand and adhere to all established company policies and regulatory requirements.
  • Complete all required bank training and adapt concepts and procedures.
  • Provide exceptional service to customers.
  • Act on HOA leads given by branch personnel, clients, and board members.
  • Complete HOA loan requests, including participating in the completion of the Loan Request, where assigned.
  • Assist with efforts to collect past due HOA loan payments and actively attempt to arrange for auto-debit payment agreements on those loans.
  • Compose HOA loan proposal letters and commitment letters.
Requirements
  • Minimum of 5 years lending experience or 3+ years of HOA industry experience.
  • Bachelor's degree in business administration or related field or equivalent experience.
  • Excellent communication skills, both written and oral.
  • Ability to work independently and in a team environment.
  • Knowledge of financial institution operating policies, procedures, and banking regulations.
  • Ability to prioritize, organize, problem-solve, and follow-up with minimal supervision.
  • Knowledge of industry trends, products, and technology.
  • Initiative.
  • Proficiency with traditional application software programs (spreadsheet, word processing, database, and scheduling).
  • Understanding of HOA regulations.
  • Credit skills.
About Itasca Bank & Trust Co.

Itasca Bank & Trust Co. is an independently owned, local community bank with locations in Itasca and Roselle. We value our staff and customers, and our most important assets are the people – customers and employees. We have been a responsible citizen and community leader for over 75 years, respecting the values of our past when making decisions that shape our future.



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