Commercial Loan Officer

Job Title: Commercial Loan Officer

Department: Loan

Supervisor Title: Chief Lending Officer

Reporting Relationships: President/CEO

General Summary

Commercial Loan Officer will work under the direction of the Chief Lending Officer to examine, evaluate, and recommend approval of customer applications for commercial credit loans. Commercial Loan Officer shall be responsible for servicing the bank’s existing commercial loan portfolio as well as generating new commercial loan business for the bank.

Essential Duties and Responsibilities:

*1. Primarily processes commercial credit loans

*2. Interviews applicants and requests specific information for loan applications

*3. Requests applicant’s credit reports, background checks, reference checks, and other information pertinent to loan applicant’s evaluation

*4. Calls or writes credit bureau and employer to verify accuracy of information

*5. Analyzes applicant’s financial status, credit, and property evaluation to determine feasibility of granting loan or submits application to credit analyst for verification and recommendation

*6. Corresponds with or interviews applicants to resolve questions regarding application information

*7. Calls specified companies to obtain property abstract, survey, and appraisal

*8. Ensures all title issues are met and that loan is property recorded

*9. Reviews and analyzes title report or survey to determine issues and any present or potential risk

*10. Notifies customers of approval or prepares adverse action form for loan processor to complete and mail out

*11. Approves loans within specified limits or refers loan to loan committee for approval

*12. Compiles loan package and facilitates negotiation of loan structure with applicants, including fees, loan repayment options, and other credit terms

*13. Ensures loan agreements and loan files are complete and accurate according to loan policy

*14. Assures timely loan closing and funding activities

*15. Assists customer in completing all required documentation and disclosures

*16. Ensures customer understands conditions and terms of account

*17. Reviews delinquent account records to determine appropriate action

*18. Analyzes potential loan markets to develop prospects for loans

*19. Responds to customer inquiries including payment questions, payoffs, and loan values

*20. Originates loan correspondence

*21. Maintains proper correspondence and legal files

*22. Explains, promotes, and cross sells other bank products and services

*23. Participates in bank’s loan committee meeting and other committee meetings as assigned

*24. Other duties and responsibilities as assigned by supervisor

Type of Position

This is a full-time position with hours and days of work 8:00 a.m. to 5:00 p.m., Monday through Friday. Occasional evening and weekend work may be required as job duties demand. Bank strongly encourages work in the community outside of normal banking hours. We are a community bank and expect our employees and organization to give back to the communities we serve.