Construction Loan Officer jobs in Newark, NJ
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)
Recently Added Construction Loan Officer jobs
CRE Construction Loan Officer - Up to 175K - Newark, NJ - Job 3218
- The Symicor Group
-
Newark, NJ
FULL_TIME
-
CRE Construction Loan Officer – Up to $175K – Newark, NJ – Job # 3218
Who We Are
The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & San Antonio, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!
We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our bank client is seeking to fill a CRE Construction Loan Officer role in the Newark, NJ market. The successful candidate advises prospects on loan status and approvals and works closely with the Commercial Credit Department to maintain loan quality and ensure the timely and accurate disposition of loan requests. The candidate develops new business by meeting with prospective commercial customers within the target market.
The position includes a generous salary of up to $175K and an excellent benefits package. (This is not a remote position.)
CRE Construction Loan Officer responsibilities include:
Developing new construction and other commercial real estate loan business and managing a portfolio of assigned commercial loans.
Recommending new construction lending business for approval and is the primary contact between the borrower and bank from initial review through loan closing.
Approving loan within established limits or referring to loan committee for approval.
Meeting with applicants to obtain information and compiling and analyzing data for loan requests.
Submitting applications to credit analysts for preparation of financial analysis and approval recommendations.
Presenting loan recommendations to the senior credit committee.
Maintaining an assigned portfolio of borrowing relationships ensuring adherence to quality and risk standards determined by the bank.
Screening loan requests based on bank policies and procedures and on types of loans offered.
Recommending products and services to potential borrowers and handle inquiries from applicants including explanation of the loan requirements and process.
Building in-depth knowledge of each assigned loan relationship understanding strengths and weaknesses of borrower and risk to bank.
Keeping informed of industry changes, trends, and best practices, and assessing the potential impact on processes and procedures.
Informing borrowers of loan commitments and advising and explaining loan terms and conditions.
Ensuring timely receipt of loan payments and assisting in obtaining proper documentation to secure and substantiate loans.
Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
Bachelor’s degree in business, finance, accounting, or related field.
Five or more years of experience in commercial lending with at least 3 years of experience in construction lending.
Formal credit training.
Willingness to be accountable and take ownership of assigned roles and responsibilities.
High level of coordination, organization, planning, and prioritization of work, and management of one’s own time.
Using critical thinking, logic, and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
Ability to communicate effectively through both written and oral formats.
Strong PC skills, with proficiency in Excel and Microsoft Office suite.
The next step is yours. Email us your current resume along with the position you are considering to:
(url removed)
- 9 Days Ago
Loan Officer
- Paramount Residential Mortgage Group
-
Bergen, NJ
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...
- 18 Days Ago
Loan Officer
- Paramount Residential Mortgage Group
-
Newark, NJ
PART_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...
- 19 Days Ago
Construction Superintendent
- Doyle Construction Company
-
Newark, NJ
FULL_TIME
- At Doyle, our primary objective is to deliver exceptional service catered to our clients’ specific goals and concerns. Our project teams deliver top quality work through a hands-on, collaborative proc...
- 8 Days Ago
Construction Superintendent
- Doyle Construction Company
-
Whippany, NJ
FULL_TIME
- Job Location: Whippany, PA Job Type: Full-time Salary: $90,000 to $130,000 Work Schedule: Monday to Friday and Saturday Company Overview: At Doyle, our primary objective is to deliver exceptional serv...
- 13 Days Ago
Field Technician - Telecommunications Construction
- Telecommunications Construction - Honest Networks
-
Jersey, NJ
FULL_TIME
- Role Honest Field Technicians would be responsible for constructing and building out our network in residential apartment complexes and office buildings in NYC, Northern NJ & Stamford, CT Technicians ...
- 15 Days Ago
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0 Construction Loan Officer jobs found in Newark, NJ area
Practical Nurse
- Department of Veterans Affairs
-
East Orange, NJ
- Summary This position is eligible for the Education Debt Reduction Program (EDRP), a student loan payment reimbursement ...
- 4/15/2024 12:00:00 AM
Risk Control Assistant Vice President
- The Travelers Indemnity Company
-
Morristown, NJ
- Who Are We? Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this...
- 4/14/2024 12:00:00 AM
Project Director- Restoration & Renewal
- Careerbuilder
-
Newark, NJ
- Project Director- Restoration & Renewal page is loaded Project Director- Restoration & Renewal Apply locations Newark, N...
- 4/14/2024 12:00:00 AM
Commercial Real Estate Risk Officer - Assistant Vice President
- Deutsche Bank
-
New York, NY
- Job Description: Job Title Commercial Real Estate Risk Officer Corporate Title Assistant Vice President Location New Yor...
- 4/13/2024 12:00:00 AM
Lead- 2nd Shift
- Benjamin Moore & Co
-
Newark, NJ
- Overview: At Benjamin Moore, we empower our team members to achieve their goals and make a positive impact in our commun...
- 4/13/2024 12:00:00 AM
Part Time Capital Markets/Collateral Office Admin
- Asset Based Lending, LLC
-
Jersey City, NJ
- Who we are: Established in 2010, Asset Based Lending, LLC is a rapidly growing Hard Money Lender based out of Jersey Cit...
- 4/12/2024 12:00:00 AM
CRE Construction Loan Officer - Up to 175K - Newark, NJ - Job 3218
- The Symicor Group
-
Newark, NJ
- CRE Construction Loan Officer - Up to $175K - Newark, NJ - Job # 3218 Who We Are The Symicor Group is a boutique talent ...
- 4/11/2024 12:00:00 AM
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...
- 4/11/2024 12:00:00 AM
About Newark, New Jersey
Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of the nation's major air, shipping, and rail hubs, the city had a population of 285,154 in 2017, making it the nation's 70th-most populous municipality, after being ranked 63rd in the nation in 2000.
Settled in 1666 by Puritans from New Haven Colony, Newark is one of the oldest cities in the United States. Its location at the mouth of the Passaic River (where it flows into Newark Bay) has made the city's waterfront an integral part of the Port of New...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Construction Loan Officer jobs
$98,904 to $168,855
Newark, New Jersey area prices
were up 1.6% from a year ago
were up 1.6% from a year ago
What does a Construction Loan Officer do?
Construction Loan Officer in Raleigh, NC
Your local bank, if they do offer home construction loans, might be able to offer you a better rate.
February 18, 2020
Construction Loan Officer in Huntington, WV
All loan officers must have a clear understanding of the bank’s loan policies.
January 22, 2020
Construction Loan Officer in Great Falls, MT
There are various types of construction loans, including consumer lot loans that are advanced first for the purchase of land and then transferred to a permanent loan for the building construction, and commercial construction loans for the expanding business and residential construction loans.
January 09, 2020