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)
Job Overview:
The Loan Officer will initiate the mortgage process for potential clients, preparing, analyzing,
and verifying mortgage loan applications for the purchase or refinance of real estate. We are
seeking an experienced loan officer to serve as the preferred lender for a network of 80 real
estate agents. In addition, the Loan Officer will be required to work on a database of over
100,000 leads to identify purchase and refinance opportunities in the local market. To qualify for
this unique opportunity, you must be a licensed loan originator and have a track record with
purchase loans and have extensive product and credit knowledge. If you have an established
record and your goal is to double your total loan production within the 12 months this is the
perfect opportunity.
Supervisory Responsibilities:
Responsibilities and Duties:
needs including first-time mortgages and refinance of existing loans.
mortgages; prepares and presents a lending package based on client specifications.
documents for accuracy and thoroughness.
applicants’ capacity to repay and default risk.
applications.
current and predicted lending rates; and changes in rules, regulations, and best
practices of various mortgages.
LOAN OFFICER OUTSIDE SALES
promote and encourage the use of bank services for residential mortgages.
Requirements:
LOAN OFFICER OUTSIDE SALES
Qualifications
Work Experience
Federal National Mortgage (Fannie Mae), and other types of construction and
conventional loans.
Job Type: Full-time
Pay: $60,000.00 - $200,000.00 per year
Benefits:
Compensation package:
Payment frequency:
Schedule:
Work setting:
Ability to Relocate:
Work Location: In person
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0 Construction Loan Officer jobs found in Perth Amboy, NJ area