Commercial Loan Officer jobs in Connecticut
Commercial Loan Officer solicits and services a variety of smaller commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer adheres to all regulatory requirements and internal risk and operating policies and procedures. May assist senior loan officers with larger or more complex loans. Typically requires a bachelor's degree. Typically reports to a manager. The Commercial Loan Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Loan Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Commercial Loan Officer jobs
Commercial Loan Officer
- New Silver
-
West Hartford, CT
FULL_TIME
-
Commercial Real Estate Loan Officer (Specializing in Construction and Fix and Flip Lending)
Location: Remote, available to any candidate who meets or exceeds criteria based in the US
Salary: On target earnings (base plus commission) of up to $200,000 annually depending on performance and experience
New Silver is a fintech company dedicated to improving local communities by providing fast, convenient, and flexible capital to real estate investors. Our mission is driven by data and technology, enabling us to deliver swift approvals and execution while delivering exceptional customer service throughout our clients' journey.
As a fully remote and globally located company, we prioritize innovation and encourage fresh ideas to achieve our goal of becoming the fastest lender in the US. At New Silver, we embrace the motto "Financing Outside the Box" and invite you to join our dynamic team in leading the charge for real estate investors into the future.
Position Overview:
We are seeking an experienced Commercial Real Estate Loan Officer who specializes in construction and fix and flip lending. As a Loan Officer, you will play a pivotal role in our lending operations, contributing to the growth of our business by originating and closing commercial real estate loans. Your expertise in construction and fix and flip lending will be crucial in assessing loan applications, explaining the New Silver value proposition, analyzing collateral, and structuring deals that align with our risk appetite. Additionally, your ability to provide exceptional customer service and build strong relationships with borrowers and partners will be key to your success in this role.
Responsibilities:- Originate and underwrite commercial real estate loans, specializing in construction and fix and flip lending with a targeted production of $5M in closed and funded loans per month
- Conduct thorough analysis of loan applications, applicant credential and investment history, credit reports, and other relevant documents to assess creditworthiness and determine loan eligibility
- Evaluate collateral properties to determine their market value, condition, and potential risks
- Structure loan transactions, including loan terms, interest rates, fees, and repayment schedules, while adhering to company policies and risk guidelines
- Collaborate with borrowers, real estate investors, brokers, and other stakeholders to gather necessary information, address inquiries, and provide guidance throughout the loan process
- Maintain a high level of customer service by proactively communicating with borrowers, providing regular updates on loan progress, and addressing any concerns or issues
- Manage a pipeline of loan applications, ensuring timely follow-up and adherence to closing timelines. Manage a high-touch role while remaining accountable to productivity metrics and KPIs
- Stay updated on industry trends, regulations, and market conditions related to commercial real estate lending, particularly in the hard money and private money space
- Contribute to the continuous improvement of loan origination processes, systems, and strategies to enhance efficiency and productivity
- Build and nurture relationships with potential borrowers, referral partners, and industry professionals to generate new business opportunities
- Bachelor's degree in finance, business administration, or a related field (or equivalent work experience)
- Minimum of 3 years of experience as a Commercial Real Estate Loan Officer, with a specialization in commercial or construction lending
- In-depth knowledge of commercial real estate lending principles, practices, and regulations
- Proven track record of successfully originating and closing hard money and private money loans
- Strong financial analysis and underwriting skills, with the ability to assess creditworthiness and collateral risks
- Excellent communication and interpersonal skills to effectively collaborate with borrowers, partners, and internal teams
- Ability to thrive in a fast-paced, remote work environment and adapt to changing priorities
- Self-motivated and driven to meet and exceed lending targets while maintaining quality standards
- Proficient in using loan origination systems, CRMs, and other relevant software
- Relevant certifications or licenses in real estate lending (e.g., NMLS) is a plus
- Work from home, flexible hours
- Be a key member of a small team
- Fast paced startup environment, global team
- Get together with your co-workers around the globe, with all expenses paid for
- Help real people succeed in business
- 100% health, dental and life insurance covered by employer
- 401K match
- Effort that delivers outcomes deserves to be rewarded
- Drive for growth
- Available and responsive
- Global team of self-starters
- Move fast, be nimble, stay humble and bend but don't break
- We are proud to help communities rebuild
Powered by JazzHR
Fm08RKlLvZ - 8 Days Ago
Commercial Loan Specialist
- Partnership Employment
-
Canaan, CT
FULL_TIME
- Bank in New Canaan is looking to hire a Commercial Loan SpecialistResponsibilities: Perform annual reviews of updated financial info & renewals of existing borrowing relationsHelp manage a portfolio o...
- 3 Days Ago
Senior Commercial Loan Administrator
- Webster Bank
-
Southington, CT
FULL_TIME
- 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, business...
- 8 Days Ago
Commercial loan assistant
- Gpac
-
Bridgeport, CT
FULL_TIME
- A Community Bank is in need of a Commercial Loan Assistant that will work with commercial loan requests. The person hired for the Commercial Loan Assistant role will work directly with loan requests f...
- 14 Days Ago
Commercial loan assistant
- Gpac
-
Norwich, CT
FULL_TIME
- A Community Bank is in need of a Commercial Loan Assistant that will work with commercial loan requests. The person hired for the Commercial Loan Assistant role will work directly with loan requests f...
- 15 Days Ago
Loan Specialist (Commercial)
- US Agriculture, Rural Development
-
Norwich, CT
FULL_TIME
- Duties Analyzes annual financial statements and reports on closed loans. Conducts security reviews on rural utility, community facility, and business projects. Reviews financial records to recommend l...
- 23 Days Ago
Commercial Loan Officer jobs at Popular Companies
Commercial Loan Officer
- Hudson Valley Credit Union
-
Poughkeepsie, NY
- Overview: Hudson Valley Credit Union is currently recruiting for the position of Commercial Loan Officer. Primary Functi...
- 6/10/2024 12:00:00 AM
Commercial Loan Officer
- Chain Bridge Bank, N.A.
-
McLean, VA
- Job Title: Commercial Loan Officer Department: Commercial Lending FLSA Status: Non-Exempt Reports to: SVP, Commercial Lo...
- 6/9/2024 12:00:00 AM
Commercial Loan Officer
- Terrydale Capital
-
Dallas, TX
- Terrydale Capital is in need of a Commercial Loan Officer to join our growing team! We are actively searching for a dedi...
- 6/9/2024 12:00:00 AM
Commercial Loan Officer
- City National Bank & Trust
-
Lawton, OK
- Commercial Loan Officer Description: We are looking for an experienced Loan Officer who will be responsible for developi...
- 6/9/2024 12:00:00 AM
Commercial Loan Officer
- Frontier Credit Union
-
Idaho Falls, ID
- Job Type Full-time Description Position Overview: Solicits and services commercial loans and deposits. Builds and mainta...
- 6/9/2024 12:00:00 AM
Commercial Loan Officer
- Newbold Advisors
-
Minneapolis, MN
- Job Title: Commercial Loan Officer Job Location: Minneapolis, MN Job Type: Direct Hire - Onsite Compensation: $140,000 -...
- 6/8/2024 12:00:00 AM
Commercial Loan Officer
- RIO BANK
-
McAllen, TX
- Job Description Job Description Overview Rio Bank is a South Texas owned and managed bank with a strong focus on persona...
- 6/8/2024 12:00:00 AM
Commercial Loan Officer
- Bellevue Capital Group
-
Kirkland, WA
- Job Description Job Description Lead Generator/Junior Loan Broker Complete Job Description Bellevue Capital Group is loo...
- 6/7/2024 12:00:00 AM
About Connecticut
Connecticut is bordered on the south by Long Island Sound, on the west by New York, on the north by Massachusetts, and on the east by Rhode Island. The state capital and fourth largest city is Hartford, and other major cities and towns (by population) include Bridgeport, New Haven, Stamford, Waterbury, Norwalk, Danbury, New Britain, Greenwich, and Bristol. Connecticut is slightly larger than the country of Montenegro. There are 169 incorporated towns in Connecticut.The highest peak in Connecticut is Bear Mountain in Salisbury in the northwest corner of the state. The highest point is just east...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Officer jobs
$70,451 to $97,454
Most Popular Cities in Connecticut for Commercial Loan Officer Jobs
What does a Commercial Loan Officer do?
Commercial Loan Officer in New Suffolk, NY
In addition to reviewing loan applications, commercial loan officers must evaluate the credit history of the applicant.
January 13, 2020
Commercial Loan Officer in Altus, OK
This requires the officer to independently analyze an applicant’s credit history, negotiate credit terms such as cost loan repayment methods and collateral, prior to making a loan decision.
January 16, 2020
Commercial Loan Officer in Gainesville, FL
Secured loans are common when the level of capital is not sufficient.
December 05, 2019