Loan Officer

Oregon Coast Bank•Newport, OR

45d

About The Position

Position Summary The Loan Document Specialist is responsible for processing loan applications in compliance with bank policies, meeting investor guidelines and demonstrating lending strategies. This individual also provides loan support functions to include documentation origination and evaluating loan servicing, authorization, and/or recommend the approval of commercial, credit, or real estate loans. Requirements Essential Duties and Responsibilities The essential functions include, but are not limited to the following: Position Title Loan Officer Department Lending Reports To Chief Lending Officer

Requirements

High school diploma or equivalent and on-the-job training
Previous experience in loan processing, accounting, and servicing strongly desired
Computer proficiency at a mid to expert level in Microsoft Office programs, expert level in excel required for related analysis of customer financials
Understanding of commercial banking laws, bank products, services, policies, and procedures, as well as cost accounting, financial and statistical analysis, principles of commercial and consumer credit
Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), and other types of construction and conventional loans
Knowledge of legal documentation is required
Certification of any mandatory state loan officer training or licensing required
Demonstrated ability to use various interpersonal styles and communication methods, to gain customer acceptance of a product or service
Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes
Strong organizational skills and the ability to handle multiple tasks under tight time constraints
Excellent verbal and written communication skills
Self-motivated with a high level of problem-solving skills
Excellent time management skills and the ability to complete tasks on time

Responsibilities

Meets with customers to determine needs and negotiate deals
Manages the loan processes to include pre-processing steps (ordering title policies, EDR, surveys, etc.), processing steps (preparation of loan documents and closing coordination), and post-closing (monitoring and booking of the loan)
Orders revision loan documents, appraisals, and environmental documents as determined
Orders updated customer financial statements as needed
Acts as liaison with various departments. Responsible for providing services to commercial customers including but not limited to the processing of loans, payments, financial analysis, statements, etc.
Reviews documentation for renewals and restructures as approved by management
Arranges loan renewal closings and restructure loans
Effectively processes loan requests under minimum supervision, by obtaining, verifying, completing, and maintaining the necessary loan documentation
Conducts research and reviews liens, title searches, and title commitments and works with Loan Officer to clear all exceptions
Processes and completes construction draw, payments, new loans, and renewals
Reviews accepted collateral types for appropriate documentation
Provides support in recording and filing pertinent collateral documents (i.e.. Deed of Trusts, UCCs, Fishing Vessel Mortgages)
Provides support in maintaining loan files and following up with annual reviews and financial tracking
Assists other lenders as needed
Presents credits to Loan Committee for approval
Assures customer service is a top priority whether internally or externally, treating customers and employees professionally, with courtesy, and respect
Reviews credit memos and loan files to ensure they have all the pertinent information necessary to create loan documents
Assists Loan Servicing in ensuring all disclosures are completely error-free
Assists Loan Servicing in creating and proofing loan documents for consumer and commercial loans
Reviews loan documents for consumer and commercial loans
Provides support in booking loans and collateral information into the internal banking system
Stays current on loan policies and procedures for the bank and at the regulatory level
Liaisons with the Legal Service Department and ensures that protocol is maintained
Be familiar with the employee handbook and will be held accountable to the standards of conduct and expectations detailed therein.
Performs other duties as assigned