Lending Officer conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Job Overview: We are seeking a detail-oriented and customer-focused Loan Officer to join our team. As a Loan Officer, you will be responsible for assisting clients in securing loans for various purposes. This is a great opportunity for someone with strong financial and analytical skills who enjoys working in a fast-paced environment. Duties: - Evaluate loan applications and determine the eligibility of applicants - Collect and analyze financial information such as credit reports, income statements, and tax returns - Assess the risk associated with each loan application and make recommendations to management - Provide guidance to clients on loan options, terms, and conditions - Prepare loan documents and ensure compliance with all relevant regulations - Collaborate with underwriters, appraisers, and other professionals to facilitate the loan approval process - Maintain accurate records of all loan transactions Requirements: - Proven experience as a Loan Officer or similar role in a bank or financial services institution - In-depth knowledge of mortgage servicing, credit analysis, and financial services - Familiarity with accounting software and loan origination systems - Strong understanding of Fair Housing regulations, FNMA guidelines, and TILA requirements - Excellent communication and interpersonal skills - Ability to work independently and meet deadlines - Proficient in 10-key typing If you are a motivated individual with a passion for helping clients achieve their financial goals, we would love to hear from you. Apply today to join our team as a Loan Officer!
Job Type: Full-time
Pay: $75,000.00 - $250,000.00 per year
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Work Location: In person
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0 Lending Officer jobs found in Dearborn, MI area