Consumer Lending Officer

First Western Bank & Trust•Lismore, MN

2d•$50,000 - $80,000

About The Position

Responsible for soliciting, evaluating, negotiating, underwriting, approving or recommending approval, and coordinating the closing of all consumer, in-house mortgage loans, HELOCs, lot loans, bridge loans, construction loans, ready reserve and credit cards in compliance with the Bank’s lending policies and procedures.

Requirements

Bachelor’s degree in Finance, Business, or Economics or equivalent work experience
Prior experience in consumer lending with knowledge of in-house consumer mortgage, construction, and real estate loan procedures preferred
Other banking related experience helpful
Building Relationships – able to grow and maintain strong long-term customer relationships
Business Judgment – able to identify business relationships and make sound decisions that are in the best interest and long-term success of the bank
Communication – excellent written and verbal communication skills to clearly convey information to diverse audiences
Customer Focus – able to understand customer needs and promote the value of the bank’s products and services
Emotional Intelligence – can navigate difficult situations with empathy and understanding, fostering positive relationships
Interpersonal Skills – can communicate and interact with others in a way that promotes mutual respect and trust
Negotiation – able to lead negotiations and convert them to mutually beneficial agreements or solutions
Persuasiveness – ability to build strong relationships and trust with colleagues, clients, and stakeholders; fostering collaboration and consensus
Problem-Solving – skilled in identifying and resolving complex problems using analytical and critical thinking skills
Resilience – able to bounce back from difficult situations and maintain a positive attitude and performance
Teamwork – proven ability to work collaboratively in a team environment to achieve common goals
Time Management – highly organized and efficient, with a proven ability to manage multiple projects and meet deadlines
Willingness to Learn – open to new ideas, seeks opportunities to expand knowledge and skills, actively participates in training programs, and seeks feedback to enhance performance
Technology - skilled in Microsoft Office (Publisher, Power Point, Word, Excel, Outlook), and social media platforms

Responsibilities

Responsible for developing new business and maintaining and servicing an existing portfolio. Cross sell and recommend services to meet client needs and expand client relationships
Extend credit to individuals through a wide variety of consumer loans, credit cards, ready reserve, in-house mortgage, real estate (bridge, lot loans & home equity/HELOCS) and/or construction programs
Analyze applicants’ financial condition and assess risk of financing requests within framework of the Bank’s credit culture and current economic and industry trends
Obtain and assess loan applicants’ credit histories, financial statements, and other financial information
Ensure that credit inquiries and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved
Negotiate terms and conditions, structures loan financing based on risk considerations, approve loans within specified limits and present loan applications outside of those limits for approval to appropriate levels of authority
Advise clients on financial status and methods of payments, including clear communication in relation to interest rate locks, closing dates, extensions, etc.
Coordinate processing of approved loans; ensure loans are processed according to agreement, client needs and conform to Bank lending policies
Approve loan disbursements, draws from lines of credit, and fund transfers in accordance with specified limits
Negotiate payment arrangements with clients who have delinquent loans
Analyze potential loan markets and develop referral networks to locate prospects for loans
Monitor existing loan portfolio to ensure proper risk ratings and early identification of potential problems

Benefits

comprehensive health benefits and programs, which may include insurance for medical, vision, dental, and more
401k with company match
company contribution to Health Savings Account
banking benefits
short-term disability
life and long-term disability
bonding leave
holidays
sick leave
vacation