Commercial Loan Review Officer performs reviews of bank's commercial loans to ensure compliance with established policies and credit standards. Reviews small loans of little complexity. Being a Commercial Loan Review Officer typically requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Loan Review Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Commercial Loan Review Officer typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
OVERALL JOB PURPOSE
The Loan Officer will be responsible for interviewing, analyzing, underwriting and rendering decisions on loan applications using background information, applicant’s credit history and policy guidelines.
DUTIES AND RESPONSIBILITIES
The duties and responsibilities of this position include but are not limited to:
Gathers background information on loan applicants through interview and credit bureau reports
Assists members with loan application process to ensure completeness of information
Verifies debt-to-income ratios, and calculates level of outstanding secured and unsecured debts
Determines collateral needs, strength of collateral and payment plan
Verifies accuracy of application information, loan amounts and repayment terms, and ensures approved loan requests are originated
Approves or denies consumer and real estate loan applications within credit union parameters and lending limits
Explains reasons for denial and explores options for members when loans are denied
Sells products and/or services to meet members’ needs and to achieve Credit Union goals and objectives
Implements new loan products and system services in accordance with management direction
EDUCATION AND EXPERIENCE REQUIREMENTS
Schedule: Monday - Friday 8:30 a.m. to 5:30 p.m., rotating Saturdays 8:30 a.m. to 1:30 p.m.
*** Please submit an employment application to www.sandia.org/careers ***
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