- Meet with clients and prospects to obtain information about their business needs and to answer questions about the loan request and approval process. Explain to borrowers the different types of loans and credit options that are available, as well as the terms of those services.
- Coordinate the financial analyses needed to make credit decisions. Determine the feasibility of granting a loan and the optimal structure.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- Prepare loan packet for presentation to Loan Committee and/or Board of Directors.
- Communicate the credit decision to the client and negotiate specific terms and conditions for loans within parameters defined by credit approval.
- Ensure proper closing of the loan, including clearly communicating all ongoing requirements to the client.
- Develop and retain client relationships, serving as their trusted banking advisor. Review loan and deposit profitability, identify risks, and/or provide financial counseling/advice regarding trends and conditions in the financial or business environment.
- Manage a client portfolio to ensure each relationship is in compliance with the bank's credit and loan policies. Meet revenue targets, ROE targets, and asset quality standards.
- Assist internal business partners to ensure proper service to commercial clients. Work with deposit and operations staff to maintain and expand client relationships.
- Sell additional bank products and services or refer clients to internal business partners. Generate fee income and demand/deposit growth from effective portfolio management and product/service penetration.
- Develop and strengthen the loan referral network, using leads to achieve loan goals. Explore and pursue new markets for loan products.
- Seek out new business and sustain an active pipeline.
- Market bank products and services to referral partners that may meet their client's needs.
- Develop and maintain relationships within the public eye.
- Develop community relationships, through CRA initiatives and membership in civic and professional organizations, including active participation in networking events.
- Develop and maintain an outstanding professional reputation in the business marketplace.
- Ensure proper documentation and closing of commercial loans, including all supporting documentation and follow-up. Assist in obtaining documents to maintain compliant credit file in accordance with departmental guidelines.
- Review and update loan/credit files, ensuring compliance, risk management and loss prevention objectives are achieved.
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Commercial Loan Officer
5 days ago
Newbold Advisors Minneapolis, United StatesJob Title: Commercial Loan Officer · Job Location: Minneapolis, MN · Job Type: Direct Hire - Onsite · Compensation: $140,000 - $150,000 (annually) with an employee benefits package, and possible bonus opportunity · General Job Description: Our client is currently looking for a C ...
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Commercial Loan Officer
5 days ago
Newbold Advisors Minneapolis, United StatesJob Title: Commercial Loan Officer · Job Location: Minneapolis, MN · Job Type: Direct Hire - Onsite · Compensation: $140,000 - $150,000 (annually) with an employee benefits package, and possible bonus opportunity · General Job Description:Our client is currently looking for a ...
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Commercial Loan Officer
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Newbold Advisors Minneapolis, United StatesJob Title: Commercial Loan Officer · Job Location: Minneapolis, MN · Job Type: Direct Hire - Onsite · Compensation: $140,000 - $150,000 (annually) with an employee benefits package, and possible bonus opportunity · General Job Description: Our client is currently looking for ...
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Mortgage Loan Officer
2 weeks ago
First International Bank & Trust Minneapolis, United StatesJob Description · Job DescriptionFirst International Bank and Trust is a family-owned community bank and one of Prairie Business Magazine's 50 best places to work for 10 years running. As a Mortgage Loan Officer, you will play a crucial role in guiding clients through the mortgag ...
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Loan Officer
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Loan Officer
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Affinity Plus Federal Credit Union Minneapolis, United StatesPosition Overview: · A Member Consultant interacts with members through a variety of communication channels including: Face to face, Drive Thru, Phones, Mobile Apps, Chat, Text, SMS, and/or Video Banking. In listening to our member's needs and goals, a Member Consultant recommend ...
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InsideHigherEd Saint Paul, United StatesOverviewThe Loan Officer oversees administration and collection of Institutional Loan programs. Toward that end, the Loan Officer: accurately completes documentation of loan portfolios; manages entrance, exit, and collection process as well as works collaboratively with the other ...
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Commercial Loan Officer
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Newbold Advisors Minneapolis, United StatesJob Title: Commercial Loan Officer · Job Location: Minneapolis, MN · Job Type: Direct Hire - Onsite · Compensation: $140,000 - $150,000 (annually) with an employee benefits package, and possible bonus opportunity · General Job Description: Our client is currently looking for ...
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Loan Officer-MN
1 week ago
Summit Mortgage Corporation Minneapolis, United StatesSummit Mortgage Corporation is looking and hiring licensed Mortgage Loan Officers now at our corporate headquarters in Plymouth, MN and at any of our Multi-State branches. The Loan Officer will develop loan applications by evaluating applicant information and documentation, devel ...
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Commercial Loan Officer
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gpac Minneapolis, United StatesA financial institution is looking for a Commercial Loan Officer to join its team. This position originates, evaluates, prepares loans in compliance with established guidelines, is responsible for marketing loan products, maintains loan relationships with borrowers, and develops ...
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Mortgage Loan Officer
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First International Bank & Trust Minneapolis, United StatesFirst International Bank and Trust is a family-owned community bank and one of Prairie Business Magazine's 50 best places to work for 10 years running. As a Mortgage Loan Officer, you will play a crucial role in guiding clients through the mortgage process, evaluating loan applic ...
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Loan Officer-MN
1 week ago
Summit Mortgage Corporation Minneapolis, United StatesJob Description · Job DescriptionSummit Mortgage Corporation is looking and hiring licensed Mortgage Loan Officers now at our corporate headquarters in Plymouth, MN and at any of our Multi-State branches. The Loan Officer will develop loan applications by evaluating applicant inf ...
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Real Estate Loan Officer 2
2 weeks ago
COUNTRY Financial Bloomington, United StatesReal Estate Loan Officer 2 - IAA Credit Union · Job Number: 240204 · Primary Location: US-IL-Bloomington · As a** Real Estate Loan Officer,** you will originate mortgage and home equity loan products on residential real estate. You will be the primary point of contact for members ...
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Loan Officer
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TEKsystems Circle Pines, United StatesDescription: · Loan Officer opening in the Lino Lakes location. Direct Placement Opportunity with $1,000 signing bonus Credit Union is growing. · Credit Union has an immediate need for a Universal Banker II/Loan Officer at our Lino Lakes location. New hires will receive a $1,00 ...
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Special Loan Workout Officer
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U.S. Bancorp Minneapolis, United StatesResponsible for restructuring large and very complex, Corporate and Commercial problem loans. Independently analyzes loans and determines the most effective strategy to secure the repayment and/or collection of the debt. Negotiates with debtors or th Officer, Banking, Business Se ...
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CRA Residential Loan Officer
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Associated Banc-Corp Minneapolis, United StatesAt Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the ...
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Loan Officer
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CorTrust Bank Anoka, United StatesJob Description · Job DescriptionCORTRUST BANK · The mission of this bank is to profitably deliver high quality customer service that meets the financial needs of our community, its businesses, and its citizens. No line of financial services is beyond our charter. · CorTrust Bank ...
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Mortgage Loan Officer in Minnesota
3 weeks ago
Morty Minneapolis, United StatesJob Description · Job DescriptionJoin Morty as a mortgage loan officer in Minnesota. Leverage our innovative mortgage technology, extensive lender marketplace, extremely competitive mortgage rates in Minnesota and dedicated closing team to advance your career and achieve success. ...
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Special Loan Workout Officer
1 week ago
U.S. Bank Minneapolis, United StatesAt U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each ...
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Banker/Loan officer
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SMW Financial Credit Union Saint Paul, United StatesJob Description · Job DescriptionSMW Financial Credit Union was established in 1953 to assist members' financial needs in a credit cooperative. Our mission is to build trusted relationships and strong financial futures for our members. Membership is open to anyone who lives, work ...
Commercial Loan Officer - Minneapolis, United States - Choice Bank
Description
The Commercial Loan Officer manages a loan portfolio of all types of business loans, including SBA, CRE, C&I, and business lines of credit. The Commercial Loan Officer is responsible for soliciting, negotiating, underwriting, and coordinating the closing of commercial loans in compliance with the Bank's lending policies and procedures. They develop trusted-advisor relationships with customers and add value by referring customers to internal partners for deposits, insurance, wealth management and/or residential mortgage services. The Commercial Loan Officer assists in attaining growth goals through active participation in branch sales and marketing programs. They monitor financial performance, ensure proper risk, and follow up on outstanding items needed. They operate with specific latitude for credit decisions and typically have 5+ years of credit and/or lending experience.
Responsibilities
Lending
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR c)
