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)
Summary: Administers operation of a branch office with total commercial, consumer loans, mortgages, and savings deposits depending on the size, goals, and other standards of the institution by performing the following duties:
Manages overall branch operations.*
Represents the financial institution to the community through good customer relations.*
Provides basic customer services at the financial institution to include opening new accounts, explaining available range of financial institution's products and services and gathering information needed to efficiently process new and existing accounts.*
Answers customer questions and assists customers with other account issues.*
Basic understanding of teller duties.
Calls on and corresponds with the local builders and real estate brokers and sales agents to generate mortgage loan business sufficient to meet the branch's assigned goals.*
Establishes and helps attain internal performance objectives for the branch office business volume, deposits, loan portfolios, and quality of audit reports.*
Participates in and encourages lending activities directly.*
Develops mortgage and savings business to meet institution and branch goals.*
Provides and maintains a professional, business-like atmosphere within the branch office.*
Reviews staff members for formal performance evaluations and recommends salary adjustments.*
Counsels employees when needed.*
Coordinates staff training when needed.*
Performs special projects as needed.*
Job Type: Full-time
Pay: $40,000.00 - $59,000.00 per year
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Work Location: In person