Lending Officer
Posted 2025-03-15Position Overview:
The Lending Team is responsible for converting applications into successfully funded loans. A such, the team must fully understand the loan products offered by Working Solutions and the conditions that are necessary for applicants to qualify successfully. The Lending Officer will be responsible for: (1) verifying required documents and packaging loan applications; (2... underwriting loan applications and providing timely feedback and recommendations; and (3) finalizing loans through a comprehensive closing process. Additionally, each Lending Officer also provides support with day-to-day operations of the Lending Team as needed.
Key Duties:
? Review new applications and provide feedback and technical assistance to prospective borrowers.
? Analyze loan documents to verify eligibility.
? Perform credit analyses and determine repayment probability using risk management matrices.
? Analyze completed application packages, conduct due diligence and financial analysis, and draft credit memoranda.
? Verify that documents in loan files?such as credit reports, loan applications, and financial statements?are complete, current, and accurate.
? Present loan recommendations to the Director of Lending, Chief Lending Officer, and/or Executive Team as needed.
? Prioritize and track the loan underwriting process in order to meet deadlines and ensure timely submission of loan packages for review.
? Prepare loan closing packages, schedule and facilitate loan closings, and work with applicants on loan documentation.
? Collect and analyze loan conditions and due diligence items from approved borrowers.
? Complete contingencies with clients prior to funding.
? Review all loan applications and disclosures for discrepancies and compliance with regulatory guidelines.
? Maintain electronic files in audit-ready condition for all borrowers.
? Provide general administrative support and ad hoc project support for the Lending Team.
? Support achievement of organizational and departmental goals and outcomes.
? Provide coverage and support for other Lending Officers and Associates as needed.
? Represent the Lending Team in the community, as needed.