AVP Consumer Loan Officer II (Remote)
This job is no longer available
There are still lots of open positions. Let's find the one that's right for you.
About The Position
The AVP Consumer Loan Officer II position at The Bancorp Bank is a remote role that focuses on developing and servicing complex consumer loans, specifically Securities Backed Lines of Credit (SBLOC) and Insurance Backed Lines of Credit (IBLOC). This position requires a deep understanding of consumer lending processes and the ability to work closely with clients and financial advisors to ensure a smooth loan application process. The officer will be responsible for processing and documenting SBLOC and IBLOC applications for various client types, including individuals, joint accounts, entities, and trusts. This involves entering application details into the appropriate systems, ordering credit bureau reports, and conducting thorough checks to adhere to current procedures. In addition to processing applications, the officer will review client investment portfolios to determine eligible loan amounts based on company guidelines. This includes evaluating credit risk and making recommendations to financial advisors regarding additional funding needs based on asset allocation. Building strong relationships with loan applicants and financial advisors is crucial for managing issues that arise during the loan application process. The officer will follow up on missing information, resolve discrepancies, and ensure timely decisions are made on loans. The role also involves recommending loan dispositions in line with departmental guidelines and ensuring that loan packages are complete. The officer will prepare loan documents for execution, ensuring compliance with risk and regulatory processes to minimize potential losses. Post-closing, the officer will review documents to ensure all forms are signed and notarized as required, and will monitor any incomplete items. Additionally, the officer will assist in coaching and training team members, recommend process improvements, and perform various backup activities for other team members as needed. Overall, this position plays a vital role in ensuring that the consumer lending process is efficient, compliant, and customer-focused.
