Loan Officer III - Gulfport, MS

BankPlus • Gulfport, MS

1d

About The Position

The Loan Officer III is responsible for meeting customers’ banking needs by generating, approving, and servicing loans within acceptable risk standards and in compliance with bank policies and regulations. The role also generates deposit transactions needed to fund loans and builds relationships with current and prospective borrowers to meet their needs and exceed expectations.

The position handles loan origination and credit assessment from application through closing. This includes collecting and evaluating customer, financial, organizational, and collateral information; assessing creditworthiness; preparing loan materials and requests for approval; reviewing prefunding conditions; and ensuring loans are accurately closed and funded. The position also services loans through payoff, supports customers throughout the loan lifecycle, monitors past-due accounts and insufficient-funds items, manages expired insurance, and works charged-off loans as time allows.

The Loan Officer participates in community affairs and the bank’s High-Performance Rewards Connections Program, makes referrals to the Mortgage Center and Wealth Management, maintains knowledge of relevant bank products and regulatory requirements, and completes required compliance training. Other duties may be assigned.

Requirements

• 5–7 years of similar or related experience.
• Bachelor’s degree.
• Banking, finance, or loan origination experience.
• General computer and typing experience, including Microsoft Office Suite applications such as Excel, Word, and Outlook.
• Ability to drive and travel occasionally as needed for business purposes.
• Excellent verbal and written communication skills.
• Ability to work outside regular business hours as deemed necessary.
• Ability to handle multiple tasks.

Nice To Haves

• Previous BankPlus product, services, and systems experience.

Responsibilities

• Build rapport with existing and prospective borrowers and use customer relationships to meet their needs and exceed expectations.
• Solicit and develop new business by calling on current and prospective customers to generate loans and deposits.
• Interview loan applicants; gather loan requests, customer identification (CIP), financial, and organizational documents; collect initial documents; and ensure applications are complete and accurate.
• Evaluate credit data, cash flow, financial statements, and collateral to determine applicants’ creditworthiness.
• Communicate reasons for denied loan requests to applicants when necessary.
• Review loan renewals for continued creditworthiness and timely payment.
• Submit required documents to the Credit Analysis group for early discussion and processing, and submit loan request memorandums to the loan committee for approval.
• Prepare loan-processing documents, including loan worksheets, loan documentation sheets, and loan review sheets.
• Perform beneficial ownership analysis and enter required credit information in nCino.
• Order appraisals or real estate evaluations and verify prefunding conditions, including title work, purchase agreements, appraisal values relative to loan-to-value requirements, and applicable environmental conditions.
• Preliminarily review organizational documents, including articles, operating agreements, bylaws, and certificates of good standing, to ensure borrower titling is correct.
• Conduct site visits before approval to inspect or verify collateral.
• Review financial statements; analyze and underwrite markets, comparable properties, tenants, leases, project agreements, contractors, and other involved third parties; and assess feasibility and borrower terms and conditions.
• Generate commitment letters and term sheets when needed.
• For construction loans, monitor lines, advances, draws, and inspections; handle asset-based lending sweeps.
• Request environmental prescreening and completion of questionnaires.
• Provide accurate and complete information required for HMDA and CRA.
• Close loans accurately by reviewing documents for exceptions, obtaining proper signatures, and approving funding.
• Inspect and evaluate collateral pledged to existing and prospective loans.
• Service loans from closing through payoff and ensure customer satisfaction throughout the loan lifecycle, resolving problems as they arise.
• Review the insufficient-funds report daily; contact customers about funds availability and encode items for payment or return as appropriate.
• Monitor past-due loans and contact or counsel delinquent customers by phone or letter to arrange payment.
• Manage expired insurance and, as time allows, work with charged-off loans to seek suitable payment arrangements.
• Participate in community affairs to increase the Bank’s visibility and support business opportunities.
• Maintain knowledge of bank products, services, policies, procedures, and applicable regulatory matters, including the Bank Secrecy Act, Privacy Act, Fair Lending Act, and Regulation E.
• Complete required compliance training and follow the Bank’s standard of conduct.
• Participate in the bank’s High-Performance Rewards Connections Program.
• Make referrals to the Mortgage Center and Wealth Management.
• Perform other duties as requested.

What This Job Offers

• Job Type: Full-time