Construction Loan Officer jobs in Elizabeth, 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)
Recently Added Construction Loan Officer jobs
CRE Construction Loan Officer - Up to 175K - Newark, NJ - Job 3218
- The Symicor Group
-
Newark, NJ
FULL_TIME
-
CRE Construction Loan Officer – Up to $175K – Newark, NJ – Job # 3218
Who We Are
The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & San Antonio, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!
We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our bank client is seeking to fill a CRE Construction Loan Officer role in the Newark, NJ market. The successful candidate advises prospects on loan status and approvals and works closely with the Commercial Credit Department to maintain loan quality and ensure the timely and accurate disposition of loan requests. The candidate develops new business by meeting with prospective commercial customers within the target market.
The position includes a generous salary of up to $175K and an excellent benefits package. (This is not a remote position.)
CRE Construction Loan Officer responsibilities include:
Developing new construction and other commercial real estate loan business and managing a portfolio of assigned commercial loans.
Recommending new construction lending business for approval and is the primary contact between the borrower and bank from initial review through loan closing.
Approving loan within established limits or referring to loan committee for approval.
Meeting with applicants to obtain information and compiling and analyzing data for loan requests.
Submitting applications to credit analysts for preparation of financial analysis and approval recommendations.
Presenting loan recommendations to the senior credit committee.
Maintaining an assigned portfolio of borrowing relationships ensuring adherence to quality and risk standards determined by the bank.
Screening loan requests based on bank policies and procedures and on types of loans offered.
Recommending products and services to potential borrowers and handle inquiries from applicants including explanation of the loan requirements and process.
Building in-depth knowledge of each assigned loan relationship understanding strengths and weaknesses of borrower and risk to bank.
Keeping informed of industry changes, trends, and best practices, and assessing the potential impact on processes and procedures.
Informing borrowers of loan commitments and advising and explaining loan terms and conditions.
Ensuring timely receipt of loan payments and assisting in obtaining proper documentation to secure and substantiate loans.
Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
Bachelor’s degree in business, finance, accounting, or related field.
Five or more years of experience in commercial lending with at least 3 years of experience in construction lending.
Formal credit training.
Willingness to be accountable and take ownership of assigned roles and responsibilities.
High level of coordination, organization, planning, and prioritization of work, and management of one’s own time.
Using critical thinking, logic, and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
Ability to communicate effectively through both written and oral formats.
Strong PC skills, with proficiency in Excel and Microsoft Office suite.
The next step is yours. Email us your current resume along with the position you are considering to:
(url removed)
- 11 Days Ago
Loan Officer
- Paramount Residential Mortgage Group
-
Bergen, 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 hav...
- 20 Days Ago
Loan Officer
- Paramount Residential Mortgage Group
-
Newark, NJ
PART_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 hav...
- 21 Days Ago
Construction Superintendent
- Doyle Construction Company
-
Newark, NJ
FULL_TIME
- At Doyle, our primary objective is to deliver exceptional service catered to our clients’ specific goals and concerns. Our project teams deliver top quality work through a hands-on, collaborative proc...
- 10 Days Ago
Construction Superintendent
- Doyle Construction Company
-
Whippany, NJ
FULL_TIME
- Job Location: Whippany, PA Job Type: Full-time Salary: $90,000 to $130,000 Work Schedule: Monday to Friday and Saturday Company Overview: At Doyle, our primary objective is to deliver exceptional serv...
- 15 Days Ago
Project Manager, Construction
- ARCO a Family of Construction Companies
-
Jersey, NJ
FULL_TIME
- ABOUT YOU Are you a passionate problem solver who focuses on the details but never gets lost in the weeds? Do you act with integrity and hold yourself and others to the highest standard? Do you have g...
- Just Posted
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0 Construction Loan Officer jobs found in Elizabeth, NJ area
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...
- 4/18/2024 12:00:00 AM
Lead- 2nd Shift
- Benjamin Moore & Co
-
Newark, NJ
- Overview: At Benjamin Moore, we empower our team members to achieve their goals and make a positive impact in our commun...
- 4/18/2024 12:00:00 AM
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...
- 4/16/2024 12:00:00 AM
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...
- 4/15/2024 12:00:00 AM
Social Worker
- 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...
- 4/15/2024 12:00:00 AM
Case Manager- $4,000+ sign-on 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...
- 4/15/2024 12:00:00 AM
Social Worker (Licensed)
- 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...
- 4/15/2024 12:00:00 AM
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...
- 4/14/2024 12:00:00 AM
About Elizabeth, New Jersey
Elizabeth is both the largest city and the county seat of Union County, in New Jersey, United States.[21] As of the 2010 United States Census, the city had a total population of 124,969, retaining its ranking as New Jersey's fourth most populous city, behind Paterson.
[22] The population increased by 4,401 (3.7%) from the 120,568 counted in the 2000 Census, which had in turn increased by 10,566 (+9.6%) from the 110,002 counted in the 1990 Census.[23] For 2017, the Census Bureau's Population Estimates Program calculated a population of 130,215, an increase of 4.2% from the 2010 enumeration, ran...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Construction Loan Officer jobs
$98,904 to $168,855
Elizabeth, New Jersey area prices
were up 1.6% from a year ago
were up 1.6% from a year ago
What does a Construction Loan Officer do?
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