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Commercial Loan Officer Job Description
A commercial loan officer is a banker that specializes in corporate and company lending.
Commercial loan officers make commercial real estate loans, commercial loans, commercial loans, and small business loans available.
Credit lines, private mortgages, and mezzanine loans are often managed by a commercial loan officer.
Job Brief:
We need a Commercial Loan Officer to join our team! As a Commercial Loan Officer, you will be responsible for evaluating potential borrowers’ creditworthiness and providing them with loans that meet their needs. You will also be in charge of maintaining ties with existing borrowers and giving financial advise to them. If you are a self-motivated self-starter with a desire to assist people in reaching their financial objectives, we want to hear from you!
Commercial Loan Officer Duties:
- Meet with prospective borrowers to determine their financial requirements.
- Prepare loan terms and negotiate them
- Loan documentation such as promissory notes, deeds, and mortgage assignments are required.
- As needed, obtain and submit papers to underwriters and other professionals.
- Borrowers should be informed about loan terms.
- As needed, meet with borrowers, contractors, and real estate agents.
- Collaborate with other persons to assist with loan processing as needed.
Commercial Loan Officer Responsibilities:
- Customers are interviewed to assess their current and future needs, their credit, income, and assets are analyzed, and plans for financing solutions are developed.
- Assist customers with loan applications, closing statements, and any other paperwork that may be required.
- Prepare loan applications by performing clerical duties.
- Establish and maintain consumer relationships through frequent communication.
- Make and keep customer files.
- Data collection, analysis, and summarization
- Prospective clients should be marketed to.
- Identify sales growth opportunities.
Requirements And Skills:
- A bachelor’s degree in business or finance is required.
- 2+ years of experience in commercial real estate lending, preferably in a commercial bank setting
- Outstanding writing and verbal communication abilities
- Capability to communicate effectively with a diverse range of elements
- Excellent interpersonal skills
- Excellent analytical, problem-solving, and decision-making abilities
We believe that diversity and inclusion are critical to success at Company / Institution. We are committed to assembling a team with a diverse set of backgrounds, viewpoints, and skills. People of all races, faiths, national origins, genders,, gender expressions, and ages are encouraged to apply. We are particularly delighted to be an equal opportunity workplace that welcomes veterans and people with disabilities.