Credit Officer

Compeer Financial • Rochester, NY

12h • Hybrid

About The Position

Empowered to live. Inspired to work. Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally. How we support you: Hybrid model – up to 50% work from home Flexible schedules including ample flexibility in the summer months Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match) Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off Learning and development programs Mentorship programs Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.) Professional membership/certification reimbursement and more! Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs. To learn more about Compeer Financial visit www.compeer.com/careers . Where you will work: This position offers a hybrid work option up to 50% remote and is based out of the MN-Lakeville, MN-Rochester, IL-Bloomington, or WI-Sun Prairie office locations. The contributions you will make: This position r eview s complex loan requests that are submitted to the Credit Compeer Home team and document s the appropriate level of analysis required to make a credit decision. Issue s the proper loan conditions tied to various consumer loan products within Compeer Home . Communicate s with lending officers within Compeer Home team to discuss lending alternatives, additional information to make a lending decision and issue s related to the loan request. Communicate s with Credit Officers and Financial Officers assigned to Ag Lending relationships to ensure the Compeer Home subject loan request is in the best interest of all areas of Compeer Financial and the consumer. Reviews and provides decision on servicing actions. A typical day: Home Mortgage Underwriting and Credit Analysis Analyzes and provides quality, accurate credit decisions for complex loan packages across all three Compeer home mortgage products (RuraLiving, Portfolio and Freddie Mac). Reviews and documents loan conditions and transactions to ensure compliance and credit guidelines are met. Collaborates with Ag Lending to analyze complex farming operations with consumer loan requests. Leads larger more complex loan requests, may be required to interact directly with the borrower, partner or other outside parties. Reviews all documents needed for final approval. Utilizes Freddie Mac automated underwriting and analysis tools such as running loans through Loan Product Advisor and the appraisal through the Uniform Collateral Data Portal if applicable. Updates the Loan Origination System with all underwriting information. Maintains the underwriting spreadsheet. Serves as a resource for team members to assist with fielding questions. Appraisal Review Verifies the subject property is acceptable collateral for the loan program. Reviews the accuracy and opinion of the market value on appraisals. Reviews comps to determine if they are comparable and adequate with the necessary marketability comments provided. Verifies the property meets all necessary program guidelines (property is adequately reviewed and sales are comparable). Product Guidance Provides product support (Freddie Mac, RuraLiving or Portfolio) for the Credit Compeer Home Team and all of Compeer Home. Reviews guidelines on a regular basis and provides recommendations to leadership and/or product experts. Answers loan questions submitted to the Credit Compeer Home Team from Compeer Home, banks and Farm Credit partners. Servicing Actions Reviews submissions and determine if all required documentation is in the file. Determines if collateral can be released and if any proceeds need to be applied to the loan. Determines if co-signer can be released of liability by reviewing all documentation against loan guidelines. Documents servicing request and underwriting criteria used to approve or deny the request. Communicates the decision which include conditions required to be met, in order for the action to be approved.

Requirements

• Bachelor ’s degree in accounting , finance, economics, agribusiness or related field OR an equivalent combination of education and experience sufficient to perform the essential functions of the job .
• Advanced-level of experience in consumer mortgage finance including areas such as underwriting, processing, operations, servicing and/ or lending.
• Advanced k nowledge of consumer lending, underwriting practices, compliance, regulations, and loan programs.
• In-depth understanding of credit processing and servicing.
• Strong accounting principles and credit administration.
• Advanced understanding of loan processing and servicing.
• Knowledge of agricultural businesses and operations, production practices, and understanding of credit standards used by Compeer to analyze operations.
• Ability to make sound credit decisions independently and efficiently.
• Developed negotiating skills and the ability to organically create and propose creative financing solutions that drive portfolio growth while mitigating credit risk.
• Strong listening, written and verbal communication skills, with ability to communicate at all levels of the organization.
• Skill in developing and maintaining interpersonal relationships .
• Strong c omputer skills, including Microsoft Office applications and customer relationship management (CRM) programs .
• Valid driver’s license .
• May be required to travel and present, train and interact with team members, bank partners, Farm Credit Associations or at trade shows/conferences.

Responsibilities

• Reviews complex loan requests that are submitted to the Credit Compeer Home team and documents the appropriate level of analysis required to make a credit decision.
• Issues the proper loan conditions tied to various consumer loan products within Compeer Home
• Communicates with lending officers within Compeer Home team to discuss lending alternatives, additional information to make a lending decision and issues related to the loan request.
• Communicates with Credit Officers and Financial Officers assigned to Ag Lending relationships to ensure the Compeer Home subject loan request is in the best interest of all areas of Compeer Financial and the consumer.
• Reviews and provides decision on servicing actions.
• Analyzes and provides quality, accurate credit decisions for complex loan packages across all three Compeer home mortgage products (RuraLiving, Portfolio and Freddie Mac).
• Reviews and documents loan conditions and transactions to ensure compliance and credit guidelines are met.
• Collaborates with Ag Lending to analyze complex farming operations with consumer loan requests.
• Leads larger more complex loan requests, may be required to interact directly with the borrower, partner or other outside parties.
• Reviews all documents needed for final approval.
• Utilizes Freddie Mac automated underwriting and analysis tools such as running loans through Loan Product Advisor and the appraisal through the Uniform Collateral Data Portal if applicable.
• Updates the Loan Origination System with all underwriting information.
• Maintains the underwriting spreadsheet.
• Serves as a resource for team members to assist with fielding questions.
• Verifies the subject property is acceptable collateral for the loan program.
• Reviews the accuracy and opinion of the market value on appraisals.
• Reviews comps to determine if they are comparable and adequate with the necessary marketability comments provided.
• Verifies the property meets all necessary program guidelines (property is adequately reviewed and sales are comparable).
• Provides product support (Freddie Mac, RuraLiving or Portfolio) for the Credit Compeer Home Team and all of Compeer Home.
• Reviews guidelines on a regular basis and provides recommendations to leadership and/or product experts.
• Answers loan questions submitted to the Credit Compeer Home Team from Compeer Home, banks and Farm Credit partners.
• Reviews submissions and determine if all required documentation is in the file.
• Determines if collateral can be released and if any proceeds need to be applied to the loan.
• Determines if co-signer can be released of liability by reviewing all documentation against loan guidelines.
• Documents servicing request and underwriting criteria used to approve or deny the request.
• Communicates the decision which include conditions required to be met, in order for the action to be approved.

Benefits

• Hybrid model – up to 50% work from home
• Flexible schedules including ample flexibility in the summer months
• Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
• Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
• Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
• Learning and development programs
• Mentorship programs
• Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
• Professional membership/certification reimbursement and more!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees