Lending Officer conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Company Description
Centennial Lending is a unique and growing lending company located in Firestone, CO offering a wide variety of products including conventional, FHA, VA, and USDA mortgages, commercial loan products, and service offerings. Through our partnerships with credit unions and other investors we are able to offer a wide variety of loan products to credit union members.
Centennial Lending offers its employees opportunities for advancement within the company as well as an extremely competitive and comprehensive benefits package that includes Medical, Dental, Vision, Life, AD&D, short term and long term disability, 401K, paid time off, and potential for annual bonus.
Job Description
Centennial Lending is a growing organization and is recruiting for an entry-level Borrower Solutions and Loss Mitigation Specialist. Training for this position and the majority of work will be performed onsite at our Firestone, CO location.
The Borrower Solutions and Loss Mitigation Specialist works closely with our loan servicing department and primarily assists mortgage and auto lease borrowers. This role has broad responsibilities and opportunities including monitoring and communicating daily regarding delinquent loans, understanding investor guidelines (FNMA, FHLB, FHA, USDA), establishing communication with borrowers and credit union investors, offering financial solutions including modifications or deferrals, and reporting delinquency status to perspective investors.
Supervisory Responsibility
None
Essential Duties & Responsibilities
Centennial Lending is a growing organization and is recruiting for an entry level Borrower Solutions and Loss Mitigation Specialist. Centennial Lending will provide the training needed to perform Essential Duties and Responsibilities.
Education / Experience
Applicable Knowledge, Skills & Abilities
Company website: www.centennial-lending.com
Our new HQ: www.centennial-lending.com/new-hq
Job Type: Full-time
Pay: $20.00 - $25.00 per hour
Benefits:
Weekly day range:
Experience:
Work Location: In person
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