Commercial Loan Officer Job Description

commercial loan officer job description includes a detailed overview of the key requirements, duties, responsibilities, and skills for this role.

Last update : July 14, 2023

Commercial Loan Officer Job Description

A commercial loan officer is a banker who focuses on lending to businesses and corporations.

Commercial loan officers make loans on commercial real estate, commercial real estate loans, commercial loans, and small business loans.

A commercial loan officer will also typically handle lines of credit, private mortgages, and mezzanine loans.

Job Brief:

We’re looking for a Commercial Loan Officer to join our team! As a Commercial Loan Officer, you will be responsible for assessing the creditworthiness of potential borrowers and providing them with loans that fit their needs. You will also be responsible for maintaining relationships with existing borrowers and providing them with financial advice. If you are a motivated self-starter with a passion for helping others achieve their financial goals, then we want to hear from you!

Commercial Loan Officer Duties:

  • Meet with prospective borrowers to determine their financing needs
  • Prepare and negotiate loan terms
  • Generate loan documents, including promissory notes, deeds, and mortgage assignments
  • Obtain and provide documentation to underwriters and other staff as required
  • Explain loan terms to borrowers
  • Meet with borrowers, contractors, and real estate agents as necessary
  • Work with other staff as necessary to support loan processing

Commercial Loan Officer Responsibilities:

  • Interview customers to determine their current and future needs, analyze their credit, income, and assets, and develop plans for financing solutions
  • Assist customers with loan applications, closing statements, and all necessary paperwork
  • Perform clerical duties to prepare loan applications
  • Establish and maintain relationships with customers through frequent communication
  • Create and maintain customer files
  • Record, analyze, and summarize statistical data
  • Market the company to prospective customers
  • Identify opportunities for sales growth

Requirements And Skills:

  • Bachelor’s degree in business or finance
  • 2+ years in commercial real estate lending, preferably in a commercial bank environment
  • Excellent written and verbal communication skills
  • Ability to effectively communicate with a broad spectrum of constituents
  • Strong interpersonal skills
  • Strong analytical, problem-solving, and decision-making skills

At [Company Name], we believe that diversity and inclusion are key to success. We are committed to building a team that reflects a variety of backgrounds, perspectives, and skills. We encourage applications from people of all races, religions, national origins, genders, , , gender expressions, and ages. We are especially proud to be an equal opportunity employer that welcomes veterans and individuals with disabilities.

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