Construction Loan Officer sources and structures construction loans. Performs a due diligence review of potential borrowers, including risk and financial analysis. Being a Construction Loan Officer analyzes applicants' credit and financial status and obtains property appraisals to determine the feasibility of granting loans. Develops relationships with builders and developers to obtain referrals and future lending opportunities. Additionally, Construction Loan Officer structures construction loan terms and conditions according to policies. Approves loans within authorized limits or refers them to a loan committee for approval. May disburse loan proceeds at designated project mile. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
About OTIS FCU
Founded in 1954, OTIS Federal Credit Union is a member-owned, not-for-profit financial institution serving over 11,000 members in western Maine. We offer real estate, auto, and personal lending; digital banking; a variety of checking, savings, and investment accounts; and much more. Our team is committed not only to providing industry-leading rates and exceptional hometown service, but also to giving back to the community. Join the OTIS FCU family today!
Summary of Position
We are seeking a highly motivated, reliable, and friendly Loan Officer to join our team. As a member of our lending team, you will assist members with their consumer and real estate lending needs, analyze loan requests (including Indirect Lending), and make credit decisions based on limited lending policy and authorizations. The ideal candidate will have strong communication skills and a passion for helping our members achieve their financial goals.
Application Deadline: May 10, 2024.
Schedule
Full-time, weekdays 8:20a-5:00p
Benefits
Essential Functions & Responsibilities
Knowledge & Skills Required
Please submit a cover letter and resume detailing your relevant experience. Applicants may submit their documents by email to employment@otisfcu.coop; by mail to PO Box 27, Jay, ME 04239; or in person at 170 Main Street in Jay.
Please Note: This job description is not a complete statement of all duties and responsibilities comprising the position.
Job Type: Full-time
Schedule:
Work setting:
Work Location: In person
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