Lender I
About The Position
Summary: Examines, evaluates, and authorizes or recommends approval/denial of Dealer loan applications. Communicates with dealerships on a regular basis. Works closely with Dealer Finance lenders and support staff. Supports and coordinates with Collections Department and other internal bank departments. Essential Duties: · Review and evaluate loan applications received from Dealers · Analyze applicant financial information, credit reports, cash flow, collateral evaluations to determine credit worthiness · Ensure credit and collateral documentation is complete, accurate and in compliance with lending regulations · Exercise discretion and sound judgement in credit decision process · Direct communication with Dealers to approve and/or decline loan applications · Review Dealer loan packages for completeness or missing documents · Communicate with Dealers to correct document errors or missing documentation · Maintain, develop, and expand on current Dealer relationships · Service new and existing loan customers · Monitor loan portfolio to identify trends or problems in a timely manner · Assist Collections Officer in the collection of delinquent loans · Prepare daily and monthly reports for management review · Monitor Collateral Management system and take appropriate action as needed · Process collateral releases on paid off loans · Process and document declined and withdrawn loan applications · Perform other duties as required Non-Essential Duties: Participates in Bank-sponsored and other community/civic events. Performs other duties as assigned. Supervisory Responsibilities: · This position has no supervisory responsibilities. Other Duties: This job description is not designed to be an exhaustive list of duties. Duties, responsibilities, and activities may change at any time with or without notice. Bank wide Expectations: · Stays current, maintains knowledge of, and complies with all F & M products and services and policies and procedures. · Maintains organized files and a neat and orderly work area and secures all negotiable and/or confidential records. · Protects the bank's and customers' information; knowledge of customers and their relationship with the Bank must be kept in absolute confidence. · Displays a positive, cooperative spirit; professionalism; and a responsible attitude to staff and customers always. · Leads by example while being a team player. · Participates in Bank-sponsored and other community/civic events as schedule allows. · Represents F & M Bank professionally and courteously while in contact with the public either in person or by telephone. · Pursues personal development opportunities to improve knowledge as it relates to position, compliance, and the bank in general.
Requirements
- Ability to communicate effectively orally and/or in writing.
- Ability to respond to sensitive inquiries.
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Ability to prioritize and meet deadlines.
- Ability to work with limited supervision.
- Ability to work with and maintain confidential information.
- Proficient organizational skills with ability to function in a flexible work environment.
- Proficient in MS Excel and Word.
- Professionalism in dealing with customers and fellow employees.
- A minimum of six months related experience or equivalent combination of education and experience.
- Current driver’s license to travel to other bank branch locations and other bank-related travel.
Nice To Haves
- A minimum of two years’ related experience or equivalent combination of education and experience.
Responsibilities
- Review and evaluate loan applications received from Dealers
- Analyze applicant financial information, credit reports, cash flow, collateral evaluations to determine credit worthiness
- Ensure credit and collateral documentation is complete, accurate and in compliance with lending regulations
- Exercise discretion and sound judgement in credit decision process
- Direct communication with Dealers to approve and/or decline loan applications
- Review Dealer loan packages for completeness or missing documents
- Communicate with Dealers to correct document errors or missing documentation
- Maintain, develop, and expand on current Dealer relationships
- Service new and existing loan customers
- Monitor loan portfolio to identify trends or problems in a timely manner
- Assist Collections Officer in the collection of delinquent loans
- Prepare daily and monthly reports for management review
- Monitor Collateral Management system and take appropriate action as needed
- Process collateral releases on paid off loans
- Process and document declined and withdrawn loan applications
- Perform other duties as required
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
101-250 employees
