Construction Loan Officer sources and structures construction loans. Performs a due diligence review of potential borrowers, including risk and financial analysis. Being a Construction Loan Officer analyzes applicants' credit and financial status and obtains property appraisals to determine the feasibility of granting loans. Develops relationships with builders and developers to obtain referrals and future lending opportunities. Additionally, Construction Loan Officer structures construction loan terms and conditions according to policies. Approves loans within authorized limits or refers them to a loan committee for approval. May disburse loan proceeds at designated project mile. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
Join the CFAB Team as a Junior Loan Officer-AVP.
We have a great team. You will see it on the smiling faces of our employees and hear about it from our customers who often remark about the "family" atmosphere they feel when dealing with us. Private member owned lending cooperative, we are committed to doing what is best for our employees, and members.
The Jr. Loan Officer works collaboratively within a team concept consisting of a Credit Administrator and other lenders and staff to efficiently deliver credit solutions to our members. The Loan Officer specifically supports the commercial lending team by providing the credit analysis, underwriting and presentation of loan requests, conducting research into the industry, and providing economic information to support the credit decision.
Essential Functions
•Works with members on delinquent loans to insure the best outcome for both bank and borrower.
Required Education, Experience, and Skills
Physical/Mental Requirements
Additional Information
Company provides excellent benefit package includes 401k, PTO, and health and dental insurance.
Please submit resume and salary expectations.
Job Type: Full-time
Work Location: In person