Construction Loan Officer jobs in Somerset, NJ

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)

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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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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...
  • 10 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...
  • 25 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...
  • 25 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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Site and Utility Construction Laborer
  • Freedom Hill Construction
  • Somerset, NJ FULL_TIME
  • Job Description:We are seeking a reliable and hardworking Construction Laborer to join our team. As a Construction Laborer, you will assist in various tasks on construction sites to ensure projects ar...
  • Just Posted

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0 Construction Loan Officer jobs found in Somerset, NJ area

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Practical Nurse
  • Department of Veterans Affairs
  • Lyons, NJ
  • Summary This position is eligible for the Education Debt Reduction Program (EDRP), a student loan payment reimbursement ...
  • 4/25/2024 12:00:00 AM

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Social Worker- $4k+ Bonus
  • Hiring Now!
  • Staten Island, NY
  • Social Worker (Licensed) 1765 South Ave, Staten Island, NY 10314, USA Req #1173 Thursday, March 14, 2024 Make a bigger d...
  • 4/25/2024 12:00:00 AM

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Risk Control Assistant Vice President
  • The Travelers Indemnity Company
  • Morristown, NJ
  • Who Are We? Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this...
  • 4/24/2024 12:00:00 AM

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Commercial Real Estate Risk Officer - Assistant Vice President
  • Deutsche Bank
  • New York, NY
  • Job Description: Job Title Commercial Real Estate Risk Officer Corporate Title Assistant Vice President Location New Yor...
  • 4/24/2024 12:00:00 AM

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Museum Preparator
  • Princeton University
  • Princeton, NJ
  • Overview: The Princeton University Art Museum welcomes applications for the position of Preparator who thrives in a coll...
  • 4/23/2024 12:00:00 AM

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Subscription Finance Analyst
  • U.S. Bank
  • New York, NY
  • At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarte...
  • 4/22/2024 12:00:00 AM

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Associate, Sponsors & Fund Finance Execution
  • Scotiabank
  • New York, NY
  • Requisition ID: 197148 Salary Range: 135,000.00 - 155,000.00 Please note that the Salary Range shown is a guideline only...
  • 4/21/2024 12:00:00 AM

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Assistant Vice President, Strategic Analytics
  • New York City Economic Development Corporation
  • New York, NY
  • Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City's di...
  • 4/21/2024 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 Construction Loan Officer jobs
$98,379 to $167,958
Somerset, New Jersey area prices
were up 1.5% from a year ago

Construction Loan Officer in Raleigh, NC
Your local bank, if they do offer home construction loans, might be able to offer you a better rate.
February 18, 2020
Construction Loan Officer in Huntington, WV
All loan officers must have a clear understanding of the bank’s loan policies.
January 22, 2020
Construction Loan Officer in Great Falls, MT
There are various types of construction loans, including consumer lot loans that are advanced first for the purchase of land and then transferred to a permanent loan for the building construction, and commercial construction loans for the expanding business and residential construction loans.
January 09, 2020