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Commission-Based Commercial Loan Specialists

2 months ago


Charleston, West Virginia, United States TENTH MOUNTAIN LLC Full time
Job OverviewPosition Summary: A Commercial Loan Specialist (Veterans Only) is tasked with identifying, evaluating, and managing commercial loan requests, with a dedicated focus on supporting veterans and their enterprises. This position entails analyzing client financial data, formulating loan proposals, and facilitating a seamless loan approval journey. The specialist operates under the guidance of a financial institution or commercial lending firm, utilizing their expertise in veteran-owned businesses and their distinct financial requirements.

Core Responsibilities:

  1. Client Engagement:
    • Consult with veteran entrepreneurs to explore their commercial financing requirements and evaluate their financial circumstances.
    • Offer knowledgeable insights on commercial loan solutions and alternatives, including terms, interest rates, and repayment plans.
    • Clarify the loan process, terms, and stipulations in a clear and comprehensible manner.
  2. Loan Application Management:
    • Guide clients in filling out commercial loan applications.
    • Collect essential documentation, such as business financial records, tax documents, and business proposals.
    • Submit finalized loan applications along with supporting materials for underwriting review.
  3. Loan Structuring and Approval Process:
    • Collaborate with underwriters to assess and authorize loan applications.
    • Design loan packages tailored to the specific needs of veteran business clients.
    • Communicate the status and conditions of loan approvals to clients.
    • Coordinate with clients, appraisers, and other relevant stakeholders to ensure an efficient loan approval process.
  4. Regulatory Compliance and Documentation:
    • Ensure all loan applications adhere to federal, state, and company regulations.
    • Maintain precise and current records of client interactions, loan applications, and approvals.
    • Safeguard client confidentiality and secure sensitive financial data.
  5. Veteran Community Outreach:
    • Serve as a bridge between the financial institution and the veteran business community.
    • Organize and engage in events, seminars, and workshops aimed at informing veterans about commercial loan opportunities and financial strategies.
    • Deliver specialized services and guidance tailored to the unique needs of veteran-owned enterprises.
  6. Market Research and Strategy Development:
    • Conduct market analysis to identify trends, competitor actions, and potential growth opportunities.
    • Work with the marketing team to create targeted campaigns and promotional content.
    • Provide management with insights on market conditions and customer requirements.
  7. Professional Development:
    • Stay updated on industry trends, regulations, and products through continuous training and professional growth.
    • Participate in company meetings, training sessions, and seminars as necessary.

Qualifications:

  • Education: A bachelor's degree in finance, business, or a related discipline is preferred. A high school diploma or equivalent is mandatory.
  • Licensing: Must hold and maintain a valid state license as a commercial loan originator (if mandated by state law).
  • Experience: Prior experience in commercial lending, financial services, or a related field is advantageous. Military experience is highly regarded.
  • Skills:
    • Exceptional communication and interpersonal abilities.
    • Strong sales and negotiation skills.
    • Detail-oriented with excellent organizational capabilities.
    • Proficiency in software and systems utilized in commercial lending.
    • Ability to work autonomously and manage time efficiently.

Work Environment:

  • Primarily office-based with occasional travel to meet clients or attend industry-related events.
  • Standard working hours with the possibility of evening or weekend commitments based on client needs and company requirements.