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)
Title: Loan Officer
Location: Sioux Falls, SD (This is an on-site position)
Builder Finance Inc. (“BFI”) is the growing lender to builders and investors for houses and multi-unit residential. Launched in 2014, BFI now has multiple, coast-to-coast lending programs.
A successful Loan Officer is fluent in BFI’s programs and motivated to close loans.
The position will come with support staff to facilitate underwriting, valuations, closings, servicing, and other tasks. The position will take ownership of executing his/her deals and fully accept responsibility for mistakes and problems. BFI is a balance sheet lender and retains its own originations from closing to payoff. In addition to raw sales/originations talent, credit skills and good judgement are essential traits. The success of BFI is based largely on making loans that repay.
In addition to driving originations while maintaining credit quality, the position will protect the BFI brand by providing “investment banking” level service standards. That means quickly addressing stated and unstated needs of clients and prospective clients – even during off hours. Stellar client-experiences are a must.
Qualifications:
Experience: 2-5 years of loan origination and/or underwriting experience, preferably in real estate.
Education: Alongside schooling, include GPA(s) on resume submission. Include any standardized test score that you feel is relevant.
Attributes and Skills:
We provide a highly competitive and comprehensive compensation and benefits program including affordable medical/dental/vision insurance, generous paid leave program, 401(k), health savings account, tuition reimbursement, financial childcare assistance and much more!
Builder Finance Inc. is an equal opportunity and affirmative action employer.
All qualified applicants will receive consideration without regard to their race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Builder Finance Inc. participates in E-Verify
E-Verify Right to Work Poster (justice.gov)
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