Community Development Loan Officer oversees the bank's CRA Programs and policies to ensure compliance with federal Community Reinvestment Act banking regulations to meet the credit needs of the area's low to moderate-income populations. Serves as the subject matter expert of CRA laws, rules, and regulations by maintaining a deep and up-to-date knowledge of regulatory requirements, proposed legislation, and announcements. Being a Community Development Loan Officer reviews and analyzes lending activity data and practices to ensure compliance with CRA policies. Develops, implements, and administers the overall corporate CRA plan and localized or remedial plans with guidelines and standards to assist with compliance. Additionally, Community Development Loan Officer advises management and coordinates with legal staff on the potential impact of actions. Coordinates and delivers reports to bank leadership and regulatory agencies. Ensures the bank has a positive and visible role in community economic development activities, events, and initiatives. Requires a bachelor's degree or equivalent. Typically reports to a director. The Community Development Loan Officer work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Community Development Loan Officer typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)
Commercial Real Estate Loan Officer (Specializing in Construction and Fix and Flip Lending)
Location: Hybrid, within driving distance to CT
Salary: On target earnings (base plus commission) of $150,000 to $200,000 annually depending on performance and experience
New Silver is a fintech company dedicated to improving local communities by providing fast, convenient, and flexible capital to real estate investors. Our mission is driven by data and technology, enabling us to deliver swift approvals and execution while delivering exceptional customer service throughout our clients' journey.
As a fully remote and globally located company, we prioritize innovation and encourage fresh ideas to achieve our goal of becoming the fastest lender in the US. At New Silver, we embrace the motto "Financing Outside the Box" and invite you to join our dynamic team in leading the charge for real estate investors into the future.
Position Overview:
We are seeking an experienced Commercial Real Estate Loan Officer who specializes in construction and fix and flip lending. As a Loan Officer, you will play a pivotal role in our lending operations, contributing to the growth of our business by originating and closing commercial real estate loans. Your expertise in construction and fix and flip lending will be crucial in assessing loan applications, explaining the New Silver value proposition, analyzing collateral, and structuring deals that align with our risk appetite. Additionally, your ability to provide exceptional customer service and build strong relationships with borrowers and partners will be key to your success in this role.
Responsibilities:
Qualifications:
Benefits:
Environment and Culture:
Join our team at New Silver and play a vital role in revolutionizing the real estate lending industry. Apply your expertise in hard money and private money lending to help us provide fast, flexible, and innovative solutions to real estate investors. Be part of our global team and contribute to our mission of improving local communities through accessible capital.