Commercial Loan Officer jobs in Somerset, NJ

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)

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Loan Officer
  • Paramount Residential Mortgage Group
  • Somerville, NJ FULL_TIME
  • Overview

    PRMG is Built by Originators for Originators.  There is a reason why PRMG is consistently voted one of the best places to work.  We focus on the areas that make an Originator successful and have an unmatched Culture.  We look forward to helping you succeed as an Originator.  

    Responsibilities

    Essential Job Functions:

    • Organization: Develops and implements strategies, satisfying customer needs through a full array of products and services.
    • Coordination: Uses judgment and discretion to ensure uninterrupted flow of business.
    • Communication: Communicates well verbally and in writing with co-workers and customers acting as liaison between customer and Company’s internal departments to ensure cohesive business flow.
    • Equipment: Uses such office equipment as computer terminals, copiers, and FAX machines.
    • Physical: Sits and stands for extended time periods. Hearing and vision within normal ranges. Must devote substantially more than 50 percent of working hours outside of any Company office, home office, and any other fixed site, meeting with customers and potential customers seeking residential mortgage financing.

     

    Responsibilities:

    • Verifies, compiles, and inputs application information for mortgage loans.
    • Discuss and advise the client of their home loan options.
    • Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage applied for, including but not limited to borrower assets, liabilities, and length of employment.
    • Informs supervisor of discrepancies in title or survey.
    • Performs other related duties as assigned.
    • Current, valid NMLS license or appointment in good standing.

    Qualifications

    • Must have applicable state licensing. 
    • Two to five years’ experience are preferred. 
    • Must also meet one of the following 3 options:
    • Actively funding more than 2 loans/month, or
    • Xinnix Training completion for Loan Origination required, or
    • Origination mentor assigned to new Loan Officer by branch who funds more than 2 loans/month (see PRMG Loan Officer Mentor Agreement).

     

    Skills:

    • Ability to make sound judgments on the resolution of service, credit decision, funding, and post-close issues.
    • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative.
    • Ability to handle detailed assignments and maintain confidentiality.
    • Excellent communication and interpersonal skills.
    • Organizational skills necessary to prioritize workload and delegate responsibility.

     

     

    Travel:

    • May be required.

    Min

    USD $0.00/Yr.

    Max

    USD $250,000.00/Yr.
  • 1 Month Ago

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Loan Specialist (Commercial)
  • US Agriculture, Rural Development
  • Hackettstown, NJ FULL_TIME
  • Duties Review and analyze preapplications, applications and all supporting documents to determine loan or grant eligibility and inputs data into appropriate automated database system. Prepare written ...
  • 8 Days Ago

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Residential Mortgage Loan Officer
  • Unity Bank
  • Clinton, NJ FULL_TIME
  • Position Summary The Mortgage Loan Officer is responsible for managing and growing profitable residential lending relationships. The incumbent will be responsible for originating and pre-qualifying mo...
  • 9 Days Ago

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Mortgage Loan Officer (Hybrid)
  • Fulton Bank, N.A.
  • Manville, NJ FULL_TIME
  • Mortgage Loan Officer (Hybrid) Job Locations US-NJ-Manville | US-NJ-Warren | US-NJ-Edison Requisition ID 2024-20164 Location Name Manville County Somerset Category Mortgage Banking Position Type (Port...
  • 24 Days Ago

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CRA Mortgage Loan Officer (Hybrid)
  • Fulton Bank, N.A.
  • Manville, NJ FULL_TIME
  • CRA Mortgage Loan Officer (Hybrid) Job Locations US-NJ-Manville | US-NJ-Somerville Requisition ID 2024-20168 Location Name Manville County Somerset Category Mortgage Banking Position Type (Portal Sear...
  • 24 Days Ago

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Loan
  • Unity Bank
  • Clinton, NJ FULL_TIME
  • Position Summary : Responsible for performing various tasks associated with the servicing of the Commercial, Consumer and SBA loans. This includes the servicing from the time the loan is boarded on th...
  • Just Posted

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0 Commercial Loan Officer jobs found in Somerset, NJ area

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Credit Portfolio Manager III (CRE)
  • Valley Bank
  • Morristown, NJ
  • JOB OVERVIEW: The Credit Portfolio Manager III will underwrite credit facilities for existing and new customers. Proacti...
  • 4/24/2024 12:00:00 AM

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Commercial Loan Review Officer I
  • Valley Bank
  • Morristown, NJ
  • Job Overview The Loan Review Officer I will provide an independent assessment of credit risk by examining individual cre...
  • 4/23/2024 12:00:00 AM

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Universal Banker II Part Time
  • Peapack-Gladstone Bank
  • Hillsborough, NJ
  • Description Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and ...
  • 4/22/2024 12:00:00 AM

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Scrum Master / Business Analyst - Commercial Banking Exp
  • Synechron
  • Iselin, NJ
  • We are At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting fi...
  • 4/22/2024 12:00:00 AM

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Asset Liability Analyst III
  • Provident Financial Services
  • Iselin, NJ
  • How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the c...
  • 4/22/2024 12:00:00 AM

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Universal Banker II
  • Peapack-Gladstone Bank
  • Bedminster, NJ
  • Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solu...
  • 4/21/2024 12:00:00 AM

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Credit Portfolio Manager III (CRE)
  • Valley Bank
  • Morristown, NJ
  • JOB OVERVIEW: The Credit Portfolio Manager III will underwrite credit facilities for existing and new customers. Proacti...
  • 4/20/2024 12:00:00 AM

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Commercial Loan Review Officer I
  • Valley Bank
  • Morristown, NJ
  • Job Overview The Loan Review Officer I will provide an independent assessment of credit risk by examining individual cre...
  • 4/20/2024 12:00:00 AM

Somerset is an unincorporated community and census-designated place (CDP) located within Franklin Township, in Somerset County, New Jersey, United States. As of the 2010 United States Census, the CDP's population was 22,083. Somerset housed one of the first Marconi Wireless Stations in the United States. According to the United States Census Bureau, the CDP had a total area of 6.444 square miles (16.692 km2), including 6.327 square miles (16.388 km2) of land and 0.117 square miles (0.304 km2) of water (1.82%)....
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Officer jobs
$73,387 to $101,515
Somerset, New Jersey area prices
were up 1.5% from a year ago

Commercial Loan Officer in Elkhart, IN
Commercial loan officers work in credit unions, commercial banks, mortgage companies, and financial institutions of all types.
December 24, 2019
Commercial Loan Officer in Wilmington, DE
After collecting and verifying all the required financial documents, the loan officer evaluates the information they obtain to determine the applicant’s need for a loan and ability to pay back the loan.
December 01, 2019
Commercial Loan Officer in Fort Worth, TX
Orleans, MA – The Cape Cod Five Cents Savings Bank is pleased to announce that Stephen Peck has joined the Bank in the role of Commercial Loan Officer.
February 06, 2020