Construction Loan Officer jobs in Massachusetts

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)

S
Loan Officer
  • Salem Five Mortgage Co LLC
  • Salem, MA FULL_TIME
  • Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

    The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells Bank mortgage products to meet established loan quality and production goals. In this on-going sales role, the Mortgage Loan Officer continually identifies, develops and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities.
    A Mortgage Loan Officer’s network may consist of Real Estate professionals, Builders, professional and personal contacts, as well as other valuable referral sources, and is enhanced by the Mortgage Loan Officer’s regular participation in business related development opportunities, community efforts to promote homeownership and professional organizations.
    The MLO responds to customer inquiries and referrals that are generated from both their own contacts and from other Salem Five business lines. The MLO conducts interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advice customers of product/pricing policies and guidelines, and gather any additional required information.

    ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

    • Develops and maintains successful relationships with business referral sources, existing and prospective.
    • Prospects new mortgage lending opportunities.
    • Meets with customers as necessary during various stages of the loan process.
    • Utilizes Salem Five training materials, reference tools and other resources to provide accurate and up-to-date loan program/policy information to both external customers and internal business partners.
    • Provides complete loan applications to loan processors.
    • Ensures exceptional customer experience by overseeing loan process from origination to close and providing on-going communication to customers and business partners.
    • Consistently achieve and exceed sales goals through active prospecting and solicitation from referral resources.
    • Originate applications in accordance with company policy, compliance, and regulatory guidelines.


    EDUCATION and/or EXPERIENCE
    Bachelor’s degree (B.A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.

    CERTIFICATES, LICENSES, REGISTRATIONS
    Valid Driver’s License and acceptable driving record.


    PHYSICAL DEMANDS

    The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand and sit. The employee is occasionally required to walk and reach with hands and arms. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.


    With a rich history and a strong reputation for growth, service and innovation, Salem Five offers employees a sense of stability and pride. Salem Five also offers a comprehensive salary and benefit package including health insurance and matching 401k plan. Qualified candidates may submit a resume and application online at salemfive.com/careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970.

    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

  • 2 Days Ago

M
Loan Officer
  • Make Your Move
  • Salem, MA FULL_TIME
  • Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees...
  • 3 Days Ago

P
LOAN OFFICER
  • Partners Insurance Group
  • Swansea, MA FULL_TIME
  • FUNCTION:Originates real estate mortgages by sourcing prospective customers and proactively solicits new residential mortgage business. Continually identifies, develops and maintains a quality network...
  • 9 Days Ago

P
Loan Officer
  • Paramount Residential Mortgage Group
  • Needham, MA FULL_TIME
  • Overview PRMG is Built by Originators for Originators. There is a reason why PRMG is consistently voted one of the best places to work. We focus on the areas that make an Originator successful and hav...
  • 1 Month Ago

F
Loan Officer
  • Fidelity Co-Operative Bank
  • Leominster, MA FULL_TIME
  • DescriptionPOSITION OVERVIEW:The Loan Officer plays a key role in helping our valued clients get where they want to be. Fidelity Bank’s Loan Officers will leverage their experience and expertise, and ...
  • 1 Month Ago

B
LOAN OFFICER
  • Baycoast Bank
  • Plymouth, MA FULL_TIME
  • BayCoast Mortgage is a fast growing Massachusetts company owned by BayCoast Bank, est. 1851. As a wholly owned subsidiary of a bank we have portfolio lending flexibility in addition to being a full-se...
  • 1 Month Ago

A
Chief Financial Officer
  • Associate Capital
  • Associate Capital is looking for a Chief Financial Officer. Our flagship project Power Station is rapidly advancing thro...
  • 4/26/2024 12:00:00 AM

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Director Asset Management
  • J. Shaw Enterprises
  • New York, NY
  • Role: Investment Management Director Reports To: Managing Director, Head of Investment Management Location: New York, NY...
  • 4/26/2024 12:00:00 AM

I
Assistant Vice President, Digital Solutions
  • Interra Credit Union
  • Goshen, IN
  • WHAT YOU WILL DO EVERYDAY As Senior Digital Solutions, you will be responsible for continuously innovating and improving...
  • 4/26/2024 12:00:00 AM

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Loan Officer
  • Northpointe Bank
  • The POWER of a CAREER! Northpointe Bank is seeking a detail oriented, customer service minded individual to join our Ret...
  • 4/26/2024 12:00:00 AM

A
Head of Outside Sales
  • Asset Based Lending, LLC
  • Jersey City, NJ
  • Who We Are: Based in New Jersey and established in 2010, Asset Based Lending, LLC (“ABL”) is one of the nation’s leading...
  • 4/26/2024 12:00:00 AM

A
Field Project Manager, Construction Operations (Michigan)
  • Altisource
  • Detroit, MI
  • Altisource (Nasdaq: ASPS) is a leader in providing services and technology for the mortgage and real estate industries. ...
  • 4/26/2024 12:00:00 AM

A
Field Project Manager, Construction Operations (Missouri)
  • Altisource
  • Altisource (Nasdaq: ASPS) is a leader in providing services and technology for the mortgage and real estate industries. ...
  • 4/26/2024 12:00:00 AM

A
Field Project Manager, Construction Operations (Kansas)
  • Altisource
  • Kansas City, KS
  • Altisource (Nasdaq: ASPS) is a leader in providing services and technology for the mortgage and real estate industries. ...
  • 4/26/2024 12:00:00 AM

Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an area of 10,555 square miles (27,340 km2), 25.7% of which is water. Several large bays distinctly shape its coast. Boston is the largest city, at the inmost point of Massachusetts Bay, and the mouth of the Charles River. Despite its small size, Massachusetts features numerous topographically distinctive regions. The large coastal plain of the Atlantic Ocean in the eastern section of the state contains Greater Boston, along with most of the state's po...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Construction Loan Officer jobs
$95,228 to $162,579

Construction Loan Officer in Bremerton, WA
Terry first of all, how long have you been in the lender business, and how many years total in the construction lending side of things.
January 16, 2020
Construction Loan Officer in Lubbock, TX
Construction loans are commonly sought both by individuals desiring to build a new home and by businesses seeking financing for income producing properties, such as warehouses, shopping centers, apartment housing, offices, or showroom space.
January 18, 2020
Construction Loan Officer in Petersburg, VA
But how do you know if the lender who you're going with is experienced? Well, there are some questions that you can ask your home construction lender to know if they're an experienced home construction lender or not.
December 17, 2019