Loan Officer Trainee
Job Posting for Loan Officer Trainee at Open Bank
Loan Officer Trainee (“LOT”) is responsible for the underwriting, documentation, processing, and maintenance of lending products and loan files.
JOB RESPONSIBILITY AND DUTIES:
1. Underwrite commercial loan products following the bank’s loan policy and procedures, and general prudent lending practices.
2. Interview applicants for new loans and discuss loan products and requirements; Perform credit analysis and spreads on financial information; and communicate with management on loans.
3. Site visitations to new borrowers and existing borrowers.
4. Prepare & review files for policy, regulatory, and documentation compliance, including equal credit, fair credit reporting, BSA, and other regulatory requirements.
5. Follow up with tickler items.
6. Provide good service to all clients and potential clients of the Bank, as needed and as required for obtaining necessary documents for other departments of the Bank.
7. Maintains high level of awareness in areas of regulatory compliance, loss prevention, security matters and adherence to Bank’s policies and procedures.
8. Stay informed on all policies, practices, regulations, and laws applicable to your position.
QUALIFICATIONS:
• Bachelor’s degree in Business Administration or related field or equivalent work experience required.
• Prior experience in banking and/or lending preferred, but not required.
• Ability to retain broad knowledge of lending tasks.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Strong analytical skills with a thorough understanding of lending operations and client needs.
• Present a professional image in dealing with customers, interdepartmental, and external representatives
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Job openings at Open Bank
Los Angeles, CA
Full Time
Los Angeles, CA
Full Time
Los Angeles, CA
Full Time
Los Angeles, CA
Full Time
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