Commercial Loan Officer

5 days ago


Provo, Utah, United States Professional Recruiters Full time

About the Role

We are seeking a highly motivated and experienced Commercial Loan Officer to join our team at Professional Recruiters. As a Commercial Loan Officer, you will play a critical role in evaluating and approving or denying loan applications, acting as a liaison between financial institutions, individuals, and businesses, and processing loan applications.

Key Responsibilities

  • Evaluate credit and financial histories to determine loan eligibility
  • Engage with customers and clients to determine loan needs and provide personalized solutions
  • Prepare loan proposals and present them to clients
  • Process loan applications and documentation, ensuring compliance with local, state, and federal laws
  • Advise clients on loan policies and restrictions, and maintain and update client account records
  • Coordinate with the team to meet scheduled closing dates and submit loan applications and documentation
  • Maintain compliance with local, state, and federal laws and regulations
  • Interview loan applicants and advise borrowers on financial status and payment methods

Requirements and Qualifications

  • Bachelor's degree in finance, economics, or a related field is preferred
  • Mortgage loan officers must be licensed as mortgage loan originators (MLO)
  • State loan officer license from the National Mortgage Licensing System (NMLS)
  • Proficient computer skills, including Microsoft Office Suite
  • Knowledge of local, state, and federal loan regulations
  • Strict adherence to company financial policies and processes
  • Experienced at compiling and following policies and processes
  • Able to analyze financial records and transfer data


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