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)
If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
Key Responsibilities
Oversight and management of the product administration function for both residential mortgage and consumer products
Custodial Duties for FNMA & FHLB-Certify loans, pulling paid off notes and maintaining vault organization.
Investor Audits - Review/Research and respond to all agency audits. Provide KPMG all necessary documents for annual FNMA Audit.
Perform due diligence for loans purchased for portfolio etc. to ensure guidelines are met.
Manage the repurchase requests from investors, provide rebuttals and negotiate any options available.
Initial and annual review of Correspondent QC Reports.
Skills and Experience
Candidates with advanced degrees (Associates, Bachelor’s, and/or Master’s) preferred, yet a High School diploma or GED is required.
Strong underwriting background
Mortgage Lending Knowledge to include investors, mortgage insurance, products, underwriting, quality control
Consumer Lending Knowledge to include products, underwriting
System Knowledge: LOS system, word, excel, Power Point, servicing system (MSP)
Project Management, People Management
Hybrid schedule - 3 days in Southington, CT a week.
The estimated salary range for this position is $100,000.00 to $113,000.00 USD annually. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
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0 Lending Officer jobs found in Waterbury, CT area