Business Loan Officer

Uses knowledge based on education and experience to develop new commercial relationships, manage the Credit Union's business lending portfolio, maximizing revenue from the cross sale of other Credit Union loan opportunities, deposit products, third party products, services and fees. This will require visits to businesses and involvement in community activities outside of the Credit Unions normal business hours.

PRIMARY RESPONSIBILITIES

• Aggressively promotes community awareness of 1st Community FCU's business lending programs to include SBA 7A and SBA Express loans.
• Actively promotes Credit Union products and services to include property and casualty insurance as well as other third-party products offered by the Credit Unions CUSO 1CFCU Insurance Services.
• Develops procedures to ensure that business loans are underwritten to Credit Union policy as well as industry best practices. Also performs annual loan reviews as required by loan policy.
• Recommends operational policies and procedures for business lending.
• Greets and interviews prospective commercial loan customers whether in person, over the phone or virtually to determine if the customer meets the criteria of commercial lending policy. Uses established policies and knowledge based on experience to make loan decisions.
• Ensures contact with the member throughout the loan process. Calls or sends status information to keep all parties up to date with what is happening on the loan.
• Ensures income, employment, outside credit references and any other data related to the business loan application is verified. Ensures information is accurate on the application in the lending system.
• Makes sound lending decisions in accordance with approved policy lending limits.
• Ensures documentation necessary for properly executed contract, perfection of lien, and appropriate insurance for all collateral. Maintains requisite ticklers to track loan related documents that expire.
• For more complex loans, works with TBLG to ensure documents are obtained and any underwriting concerns raised by TBLG are addressed prior to loan approval.
• Loads and maintains loan documentation and financial information in the nCino platform.
• Informs members and of denials in writing and verbally as needed and provides minor financial counseling if appropriate.
• Ensures compliance with all applicable policies, laws and regulations for themselves and department personnel.
• Utilizes knowledge of required documentation for different types of commercial loans to properly secure loans granted. Post-closing: ensures loan documentation remains current. These types of documents include, current insurance, UCCs, current taxes, and financial information.
• Prepares Credit Approval Packages (CAP) summarizing the financial information related to the commercial borrower. Assigns a Loan Grade based on the risk related to the loan. Makes a recommendation regarding the loan approval or denial to the Loan Review Committee as required by policy.
• Regularly review the commercial loans portfolio to ensure loans are current, required financial information is current, required collateral documentation is current, borrowers are in compliance with applicable loan agreements including any financial covenants.
• Supervises the Loan Processors and Business Loan Analyst.
• Follows the expectations set in the Member Service Values.
• Other duties as assigned.

Education: High school diploma or equivalent. Two-four years College course work in business, real estate finance or related field preferred.

Experience: Three or more years of successful financial institution lending or mortgage experience required. Preferred lending experience in commercial lending a plus. Additional experience may be substituted for education at the discretion of the President.