Residential Loan Officer

TIMBERLAND BANK MASTER • Olympia, WA

2d • $40 - $58 • Onsite

About The Position

Markets, originates, and closes residential real estate, maintains and grows our portfolio, construction, consumer loans and other Timberland Bank loan products. Ability to perform required tasks to maintain portfolio loans within the branch/office.

Requirements

• High school diploma or equivalent.
• Prefer two years combined experience in loan origination, loan processing, or other related fields.
• Formal or correspondent training in lending disciplines.
• Demonstrate sales experience, ability to multi-task, and be involved with outside organizations that help promote Timberland Bank.
• Extensive knowledge of bank loan products and services.
• Extensive knowledge of banking industry rules, regulations, policies, and procedures.
• Ability to maintain their NMLS identification number.

Nice To Haves

• College coursework in business or finance is desirable

Responsibilities

• Interviews loan applicants.
• Counsels’ applicants on loan programs and options.
• Obtain necessary financial information to process loan applications.
• Input loan information on loan systems, verifies credit, identification, reviews documentation to calculate income, and analyzes the need for additional information.
• Prepares loan files to be sent for processing, underwriting, and action by Loan Committee and/or Board of Directors.
• Recommends terms and conditions of loans.
• Meets with drop-in and walk-in customers.
• Ensures compliance with state, federal and Timberland Bank lending policies.
• Outlines loan terms and loan commitments to borrowers; assists borrowers and processors with meeting conditions that are “subject-to” loan approval.
• Prepares and submits requests for loan modifications and advances.
• Obtains and updates applicant information required to convert and refinance construction loans to permanent financing.
• Manages matured files and other related information pertaining to residential properties that Timberland holds the mortgage to.
• Prepares and implements plans to meet or exceed branch/office loan production goals; conducts outside sales calls; maintains good working relationships with brokers and builders.
• Represents Timberland Bank to the local community in a professional manner.

Benefits

• Based on eligibility, Timberland Bank offers a comprehensive benefits package including medical, dental, vision, 401k, vacation/paid sick leave and other great benefits with employee only.
• Medical, Vision and Dental Insurance
• Paid vacation and holidays
• Paid Birthday Day Off
• Two pay periods per month
• Paid sick leave
• 401k and employee stock ownership plans
• Paid training and advancement opportunities
• Numerous employees only banking benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 101-250 employees