VP, Commercial Loan Officer

About the Role

Responsible for originating various commercial loans, including commercial real estate loans, commercial construction loans, commercial loan participations, and commercial loan purchases. The role involves developing and maintaining relationships with customers and major referral sources.

Responsibilities

• Develop, implement, and monitor a business development plan to achieve loan goals established with management.
• Maintain ongoing business development by contacting existing and new customers and referral sources through personal visits, phone calls, and correspondence.
• Collect necessary documents and financial information from customers to properly underwrite and process loans.
• Collaborate with the Commercial Mortgage Loan Underwriting Associate and/or Commercial Underwriter to accurately underwrite and process loans for approval, including more complex loans such as large construction development projects and large participations.
• Work with the Loan Processor to close approved loans, ensuring timely and accurate processing.
• Maintain constant communication with customers on the status of loan applications.
• Negotiate term sheets and other terms and conditions for loan requests; recommend approval or rejection of loan applications.
• Administer and monitor the construction loan disbursement process, including the conversion of construction loans to permanent loans.
• Manage, monitor, and process re-grades for assigned commercial real estate loans.
• Obtain borrower financials and complete loan regrades in a timely manner.
• Assist in the collection and/or workout of assigned delinquent accounts to ensure repayment of mortgage loans.
• Ensure compliance with regulatory requirements and company policies throughout the loan process.
• Keep abreast of real estate activities in the community, including market values, trends, and competitors’ products and sales activities.
• Actively participate in business and/or community organizations.

Requirements

• Minimum five years of experience in commercial real estate (CRE) lending or CRE underwriting, including large construction loans and large participations.
• Experience and knowledge in mortgage lending, including construction lending.
• Bachelor’s Degree in Finance, Business Administration, Economics, Accounting, Real Estate, Banking and Financial Services, Risk Management, Marketing, or a related field, or equivalent experience.
• Strong analytical ability and understanding of financial statements.
• NMLS registered.
• Experience in construction loan disbursement and the construction-to-permanent loan conversion processes.
• Experience in underwriting or originating large, complex loans such as large construction development projects and large participations.
• Strong understanding of commercial real estate regulations, lending practices, and commercial loan operations and procedures.
• Proficient in word processing and Excel spreadsheets.
• Excellent verbal and written communication skills, with the ability to make presentations to the Executive Loan Committee and meet deadlines.