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)
FUNCTION:
Originates real estate mortgages by sourcing prospective customers and proactively solicits new residential mortgage business. Continually identifies, develops and maintains a quality network of referral sources to generate mortgage sales to meet quarterly loan quality and production goals. Visits local Realtors, builders, accountants and utilizes available lead referral sources to identify prospects to obtain their individual sales results.
RESPONSIBILITIES:
3) Visits local Realtor’s, attorneys, accountants and other centers of influence in addition to using lead referral sources to facilitate the MLO’s mortgage sales efforts
4) Originate mortgage applications in adherence to company and investor program and pricing guidelines
Knowledge/Skills/Experience Requirements:
Employee must have an NMLS license or obtain and maintain a license as a condition of employment.
2 years of recent mortgage loan origination or similar sales background
College degree preferred
Excellent business acquisition and customer service skills and the ability to develop and maintain quality client relationships
Knowledge of conventional and government lending requirements
Knowledge of mortgage processing/underwriting/closing requirements
Knowledge of federal and state regulations concerning real estate lending
Solid time management skills including the ability to prioritize workload
Knowledge of Microsoft Office Products.
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0 Construction Loan Officer jobs found in Providence, RI area