Loan Officer

Description

Working under the direction of the Chief Executive Officer (CEO); the Loan Officer (LO) evaluates and recommends the approval of loan applications for individuals and businesses. The LO is also responsible for maintaining the Loan Software system, and tracking deliverables and reporting related to funds received for lending capital.

Qualifications

Qualifications

• Three or more years’ professional experience, and/or Associate Degree in Business Administration, Accounting, Finance and/or equivalent education and experience preferred.
• Experience working in finance for a bank, credit union, or loan company with underwriting experience. Advanced computer skills, budgeting experience. Grants experience, bachelor's degree or advanced degree in finance related field.

Duties & Responsibilities

• Meet with loan applicants- to gather personal information and answer questions, explain different types of loans available and the terms related to loan products and credit risks.  Obtain, verify, and analyze the applicant’s financial information, such as credit rating and income level.  Ensure property and/or collateral evaluations have been conducted as necessary. Review loan applications ensuring they meet the criteria for loan product including any specific restrictions that may be in place from funding source and that loan meets ONCDFI policies and guidelines.  Submit loan underwriting recommendations for approval or denial to the CEO.
• Client Intake- Will work diligently work with clients to understand credit use, options, risk of loss of collateral pledged to loans, and personal credit coaching (as applicable). 
• Software skills- Intermediate level expertise with Microsoft Excel, Word, and related products.  Will be the primary ONCDFI staff responsible for the maintenance and use of Loan Software system and related systems.  Works with Finance Officer on import/export activity of financial information.
• Reports- Generates and publishes monthly, quarterly, and annual reports with CEO input and guidance.  Create monthly loan portfolio reports, delinquency reports, and other lending related reports and make daily entries into the appropriate software system.
• Documents- Preparation of Notes, Agreements, Financing Statements, Collateral/Mortgage documents, and related documents which are generated for loan closings.  In addition, helps service loan agreements, and ensures the proper filing of all related collateral security documentation including liens, UCC filings, and mortgages (as applicable).
• Analysis/ Compliance- Must employ sound judgment utilizing ONCDFI approved underwriting metrics and make recommendations for approval or denial according to ONCDFI lending policies.  Provides assistance in the management of notes receivable and generates an aging of accounts report on a monthly basis. Contacts borrowers who fail to make timely payments and works with borrowers on steps to keep their loan payments current. 
• Attitude/ Ethics/ Professionalism- Must maintain a coachable demeanor; able to accept constructive criticism and collaborate with other members of the ONCDFI staff.  Must adhere to ONCDFI privacy guidelines and maintain required standards of ethical behavior.
• Other Duties- The nature of ONCDFI’s business is dynamic and daily duties adjusted as business needs and priorities change.  CEO will assign any variations in duties or collaborative projects as necessary to meet the mission of ONCDFI.
• Training/Travel- Significant training will be provided and required of ONCDI staff.  Local and overnight travel may be required.