Loan Officer

The Loan Officer is responsible for managing loan applications, performing financial analysis and underwriting, and ensuring due diligence, risk mitigation and loan compliance. This role involves collaborating with team members, maintaining accurate records, and providing technical assistance to borrowers. The Loan Officer will also develop and maintain lending policies and procedures, create reports, and assist with various lending duties.

EDUCATION AND EXPERIENCE

Education Required. Bachelor’s degree in finance, Business Administration, or a related field.

Experience Required: Experience underwriting credit requests is preferred.

A combination of education and experience may be considered as a substitute for a degree requirement.

KNOWLEDGE, SKILLS, AND ABILITIES

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required.

POSITION REQUIREMENTS

Understanding various loan products, including mortgages, personal loans, and business loans.

Familiarity with federal, state, and local regulations governing lending practices.

Knowledge of credit scoring system and the ability to analyze credit reports and financial statements.

Strong interpersonal skills to interact effectively with clients, understand their needs, and provide appropriate solutions.

Ability to promote loan products and services to potential clients.

Proficiency in assessing financial information to determine creditworthiness and risk.

Ability to meticulously review loan applications and documentation to ensure accuracy and compliance.

Excellent verbal and written communication skills to explain loan terms and conditions clearly to clients.

Capability to address and resolve issues that may arise during the loan application process.

Excellent analytical and organizational skills.

Ability to work collaboratively and provide technical assistance.

Strong understanding of lending policies and procedures.

ESSENTIAL DUTIES

Create and manage online loan applications in loan servicing system.

Perform financial analysis and underwriting for loan clients.

Review financial analysis and underwriting completed by team members.

Complete all loan pre-closing requirements, including creating loan documents, amortization schedules, collecting signatures, requesting funding, and booking loans in loan servicing systems

Perform due diligence and risk mitigation strategies.

Review due diligence and risk mitigation completed by team members on assigned loan applications.

Actively engage in business development to increase, manage, and grow borrower relationships.

Maintain all appropriate lending related spreadsheets, systems, track payments/late payments, track borrower reporting and late reporting, update all sources of information current, maintain lending folders, update risk ratings, PPCs, and census tracts.

Develop, maintain and follow lending and portfolio management policies and procedures.

Create, update, and maintain all lending related templates.

Complete quarterly monitoring reports and loan covenant tracking for all borrowers.

Completes annual reviews of borrowers.

Research subjects pertinent to lending and develop papers/reports for distribution.

Complete various reports, including the Lending & Capitalization Report, Oweesta Quarterly Report, investor pool reports, and compliance certificates.

Provide technical assistance to borrowers and NCDFIs.

Train team members on lending tasks and assist with questions.

Assists Director of Lending with developing work-out plans for troubled loans and recommends restructure and other collection strategies.

Assist with due diligence investor requests.

Respond to all lending inquiries and questions, both internally and externally, including providing loan servicing to existing borrowers.

Assist with any requests from the finance department, including researching discrepancies and developing training curricula.

Attend and/or facilitate all mandatory meetings and training.

Maintain confidentiality at all times.

Maintain awareness and sensitivity to Native American Culture.

Perform other duties as assigned.

$65,000 annually