What are the responsibilities and job description for the Commercial Loan Officer position at Pac Prime Properties?
Job Summary
We are seeking a motivated and detail-oriented Commercial Loan Officer to join our Commercial team. The ideal candidate will be responsible for guiding clients through the loan application process, assessing their cash flow needs, and providing tailored loan solutions for either refinance or selling.. This role requires strong customer service skills, a solid understanding of commercial property and cash flow analyst, and proficiency in financial software. The Loan Officer will play a crucial role in ensuring a smooth and efficient lending experience for our clients.
Responsibilities
- Evaluate loan applications and conduct thorough credit analysis to determine eligibility.
- Guide clients through the loan process, explaining terms, conditions, and requirements.
- Utilize financial software to manage loan documentation and track application progress.
- Provide exceptional customer service by addressing client inquiries and resolving issues promptly.
- Maintain accurate records of all transactions and communications with clients.
- Collaborate with escrow agents and other financial institutions to facilitate loan closings.
- Perform basic cash flow calculations to assess loan amounts, interest rates, and payment schedules.
- Stay updated on industry trends, regulations, and best practices in mortgage servicing.
Qualifications
- Previous experience as a Commercial Loan Officer or in a similar role within the banking or financial services industry is preferred.
- Strong understanding of escrow processes and mortgage servicing.
- Proficient in using financial software and tools for loan processing.
- Excellent customer service skills with the ability to build rapport with clients.
- Basic math skills required for calculations related to loans and financing.
- Ability to perform 10 key typing efficiently for data entry tasks.
- Detail-oriented with strong organizational skills to manage multiple applications simultaneously.
- A commitment to maintaining confidentiality and adhering to compliance regulations.
Join our team as a Commercial Loan Officer and contribute to helping clients achieve their financial goals through effective lending solutions.
Job Types: Full-time, Part-time, Contract
Pay: $178,130.00 - $308,149.00 per year
Expected hours: 20 – 40 per week
Compensation Package:
- Bonus opportunities
- Commission only
- Profit sharing
Schedule:
- Choose your own hours
People with a criminal record are encouraged to apply
Work Location: Hybrid remote in Burlingame, CA 94010
Salary : $178,130 - $308,149