Commercial Loan Clerk jobs in Virginia Beach, VA

Commercial Loan Clerk processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Being a Commercial Loan Clerk calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. Additionally, Commercial Loan Clerk may require an associate degree or equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Commercial Loan Clerk typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)

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Commercial Loan Officer
  • Chartway Federal Credit Union
  • Virginia, VA FULL_TIME
  • Job Title: Commercial Loan Officer
    Job Type: Full-time
    Location: Virginia Beach, Virginia

    All of us at Chartway stand united in our strong culture of listening and learning. We treat people with respect, integrity, and kindness, and are committed to continuously developing a diverse and inclusive workplace where team members are empowered to be their authentic selves. All backgrounds, viewpoints, and life experiences are welcome, knowing this commitment strengthens our credit union family and communities.

    The Commercial Loan Officer is responsible for originating a commercial real estate loan with a member or potential member online, by phone, in person or from a team member referral. The Commercial Loan Officer sources loans primarily by engaging with prospective and current borrowers or brokers to originate commercial loans. This position collects, reviews, evaluates, and originates commercial loan requests and all supporting documentation. This position is responsible for accurate and efficient completion of the loan application, using this process as an opportunity to cross sell other credit union loan and deposit products. This position effectively communicates with the member and the Business Lending team to ensure problem resolution and member satisfaction in a timely manner. This position establishes and preserves professional business relations with loan referral sources. The Commercial Loan Officer position reports to the Vice President of Business Services.

    Responsible and Accountable for:

    • Identify and cultivate relationships with potential borrowers, developers, real estate professionals and brokers to solicit leads for commercial real estate loans.
    • To pre-qualify members or potential members, interview the member to complete application, gather necessary documents, assemble loan file, issue preliminary disclosures with related fees, and prepare loan application for processing.
    • Evaluates credit data, financial statements, cash flow and collateral to determine credit quality of applicants. Educates members regarding credit products and services and how they can serve their needs. Communicates reasons for decline for applicants when their loan request is denied.
    • Conduct site visits to view and document condition of collateral.
    • To advise members of steps and normal timeframes in loan process, including but not limited to setting expectations for time critical events, rates, fees, APR and other important elements of financing.
    • To cross sell additional credit union products and services that complement and enhance the member’s financial well-being.
    • Must successfully participate and pass all Continuing Education work as requested by Chartway and /or required by Regulatory agencies.
    • Mentoring/Assisting novice commercial loan officers in building commercial loan program at Chartway.
    • Must have, or obtain within 60 days of employment, a current NMLS individual license and maintain current NMLS designation at all times while Commercial Loan Officer in market being served.
    • Assist loss mitigation team with collection efforts on past due loans.

    Knowledge, Skills, and Abilities:

    • Ability and desire to make solicitation calls in person and on the phone.
    • Ability to build a network of commercial real estate referral sources, generate sales leads and produce loans on own initiative.
    • Ability to analyze financial statements to determine liquidity, cash flow, debt-to-worth, trends, and etc. Underwriting skills to include ability to add context to credit memorandum, write analysis on repayment ability, liquidity, cash flow, trends, leverage, collateral, management, and credit.
    • Understanding of NCUA and credit union guidelines for commercial loans and good understanding of member business lending.
    • Presentation skills to present loans to business loan committee.
    • Ability to work collaboratively and autonomously in a fast-paced environment.
    • Ability to assist in minimizing risk to credit union, maximize borrowing potential and maintain professional reputation of credit union.

    Education and Experience:

    • Minimum 2 years commercial lending/sales or related sales experience. Knowledge of commercial lending.
    • Associates degree in business, finance or related field, or equivalent experience.

    Chartway offers a competitive salary and a comprehensive benefits package. Candidates must have a good credit history for consideration. Salary requirements must be included and resumes must be accompanied by a Chartway Employment Application for consideration.

    Chartway Federal Credit Union is an EOE/M/F/Disability/Vet Employer.

  • 20 Days Ago

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Commercial Loan Officer
  • Chartway Federal Credit Union
  • Virginia, VA FULL_TIME
  • Job Title: Commercial Loan OfficerJob Type: Full-timeLocation: Virginia Beach, VirginiaAll of us at Chartway stand united in our strong culture of listening and learning. We treat people with respect,...
  • 1 Month Ago

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Commercial Senior Property Manager
  • LPC Commercial
  • Virginia, VA OTHER
  • Overview Join Lincoln Property Company's growing team of top-notch Property Management professionals whose primary responsibility is the daily financial and operational management of commercial real e...
  • Just Posted

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Commercial Cleaner
  • ServiceMaster Commercial Services VA
  • Virginia, VA PART_TIME
  • Are you seeking Low Stress Supplemental Income?Join our team as a Commercial Cleaner. Our hiring process is easy! Apply today and we will match you to a job. Part Time: Early evenings; 2-4 hours; Mond...
  • 1 Day Ago

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Loan Processor
  • Farmers Bank of Willards
  • Willards, MD FULL_TIME
  • Job Title: Loan ProcessorReports to: AVP Loan AdministrationJob Description: Summary/Objective:The loan processor position prepares monthly and quarterly reports and process consumer/commercial loans ...
  • 3 Days Ago

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Loan Specialist
  • Department of Energy - Agency Wide
  • Wallops Island, VA OTHER
  • DOE's Clean Energy Corps is made up of staff from more than a dozen offices across DOE. Interested candidates are encouraged to also submit their interest via the DOE Applicant Portal which is our ong...
  • 3 Days Ago

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0 Commercial Loan Clerk jobs found in Virginia Beach, VA area

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Commercial Lines Associate Account Manager
  • World Insurance Associates, LLC.
  • Virginia Beach, VA
  • Summary World Insurance Associates is a unique insurance organization offering top products and services from major prov...
  • 3/28/2024 12:00:00 AM

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Senior Information System Security Specialist
  • THOR Solutions, LLC
  • Virginia Beach, VA
  • THOR Solutions is seeking a Senior Information System Security Specialist to provide engineering support for Cyber Situa...
  • 3/28/2024 12:00:00 AM

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Housekeeper - Women's Locker Room
  • Sport & Health
  • Virginia Beach, VA
  • ** Housekeeper - Women's Locker Room** **Job Category****:** Housekeeping and Facilities **Requisition Number****:** HOU...
  • 3/28/2024 12:00:00 AM

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Product Manager
  • LifeNet Health
  • Virginia Beach, VA
  • product manager Location: Virginia Beach, Virginia (on-site) Department: Marketing Job Type: Full-Time Shift: Monday- Fr...
  • 3/28/2024 12:00:00 AM

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Senior Business Analyst - Operations (Remote)
  • Careerbuilder
  • Virginia Beach, VA
  • City/State Richmond, VA Overview Work Shift First (Days) (United States of America) Be a part of an excellent healthcare...
  • 3/28/2024 12:00:00 AM

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Mechanical & Plumbing Quality Control Reviewer
  • Moseley Architects
  • Virginia Beach, VA
  • Mech/Plumb QC Reviewer We're seeking a full-time Mechanical and Plumbing Quality Control Reviewer to be an integral memb...
  • 3/26/2024 12:00:00 AM

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Housekeeper - Women's Locker Room
  • Onelife Fitness
  • Virginia Beach, VA
  • ** Housekeeper - Women's Locker Room** **Job Category****:** Housekeeping and Facilities **Requisition Number****:** HOU...
  • 3/25/2024 12:00:00 AM

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Housekeeper - Men's Locker Room
  • Sport & Health
  • Virginia Beach, VA
  • ** Housekeeper - Men's Locker Room** **Job Category****:** Housekeeping and Facilities **Requisition Number****:** HOUSE...
  • 3/24/2024 12:00:00 AM

Virginia Beach is located at 36°51′02″N 75°58′40″W / 36.8506°N 75.9779°W / 36.8506; -75.9779 (Virginia Beach). According to the United States Census Bureau, the city has a total area of 497 square miles (1,290 km2), of which 249 square miles (640 km2) is land and 248 square miles (640 km2) (49.9%) is water. It is the largest city in Virginia by total area and third-largest city land area. The average elevation is 12 feet (3.7 m) above sea level. A major portion of the city drains to the Chesapeake Bay by way of the Lynnhaven River and its tributaries. The city is located at the southeaster...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Clerk jobs
$38,842 to $50,058
Virginia Beach, Virginia area prices
were up 1.2% from a year ago