Loan Officer

Job Description

Job Description

Company Overview:

TruFund Financial Services, Inc. (“TruFund”) is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund. Headquartered in New York City. Our mission is to promote and foster economic development within underserved communities and among under-resourced populations. TruFund achieves this by providing innovative financial solutions that have TruImpact, revitalize communities, and create jobs. As a nonprofit, mission-driven entity. TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders. We also have field offices in Louisiana, (New Orleans and Baton Rouge) Georgia, (Atlanta) Texas (Houston and Dallas) and Alabama (Birmingham).

Position Summary

The core responsibilities include processing loan applications, evaluating credit data, cooperating with underwriting teams, explaining and negotiating terms for the loan, and delivering excellent customer service all through the lending process. Working out of the Texas market, the Loan Officer will be responsible for identifying and expanding lending opportunities in Texas with a focus on providing loan financing and technical assistance to small businesses and nonprofit organizations.

Reporting to the SVP & Chief Lending Officer the Loan Officer will work closely with borrowers and with members of the lending team to find the most suitable financing solutions for our clients and to effectively manage the loan process from origination through loan booking. The loan officer will continue to actively manage the borrower relationship throughout the term of the loan.

The Loan Officer should either be based in the Georgia or Louisiana market as they will work directly with Georgia and or Louisiana based community partners to source lending opportunities and to develop loan programs to support underserved small business including contractors and those small business owners seeking to acquire commercial properties in which to operate their business.

The Loan Officer will provide pre and post loan technical assistance, conduct initial credit analyst, develop cashflow projections, loan packaging and support the Chief Lending Officer

Primary Job Functions :

· Meet with loan applicants to collect financial and related data on prospective borrowers to determine the merits of the specific loan request.

· Guides borrowers through the application process and negotiate, where necessary, terms under which credit will be extended, including the costs, repayment method and schedule and collateral requirements.

· Evaluates loan applicants and reviews appraisals, credit reports, and other necessary information to evaluate loan requests.

· Coordinates with loan processors and underwriters to ensure the accuracy and completeness of loan analysis and documentation and to ensure that new loan requests comply with loan underwriting, product and program policies and guidelines.

· Increase TruFund’s loan program visibility, enhance new business opportunities and participate in activities that promote TruFund’s programmatic and community development lending activities.

· Participates in special projects designated by the Chief Lending Officer and other senior managers including the delivery of educational workshops and presentations on industry panels and at community events.

· Works closely with loan collections staff to contact borrowers with delinquent loan accounts to help them find a method of repayment in order to avoid their defaulting on the loan.

· Cultivates new lending opportunities in target underserved markets and responds to referrals (internal and external) in a timely, professional manner.

· Promotes a positive attitude and team approach to customer relationships

MINIMUM QUALIFICATIONS:

Education and Related Work Experience:

• BS/BA required in Finance or similar area of study
• Minimum 5-7 years of lending experience with formal credit training is required.
• Prior work-related experience with community development lending, small business administration (SBA) loans, as well as traditional and alternative loan programs is also required

Knowledge, skills, and abilities:

• Strong financial skills and ability to develop and interpret financial statements applied to business accounting and finance principles are required.
• Superior analytical skills are required.
• A working knowledge of Small Business Administration (SBA) Loan Programs, Policies and Procedures as well as traditional and alternative Loan Programs is beneficial.
• Must be proficient in Windows based software.
• Ability to travel to visit prospective and current clients as necessary.
• Must possess the ability to meet performance goals
• Knowledge of the New York market including financial institutions, local government, and community organizations; and an understanding of local priorities, opportunities and challenges are preferred.
• Strong commitment to community and economic development ideals
• Strong interpersonal skills and proven ability to work effectively with a wide variety of people and organizations, and in racially, ethnically and socioeconomically diverse environments.
• High degree of self-motivation, creativity and flexibility in face paced environment.

 

Company Description

TruFund Financial Services, Inc. ("TruFund") is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund and headquartered in New York City with offices in LA, AL, TX & GA. Our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. TruFund achieves this by providing innovative financial solutions that have a TruImpact, revitalize communities, and create jobs. As a nonprofit, mission-driven entity, TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders.

Our lending and impact efforts are further enhanced through our two wholly owned subsidiaries: Empowerment Reinvestment Fund, a National CDE offering New Markets Tax Credit to enable access to private investment in distressed communities, and our Tru-Capital Investment Fund – Impact Developers Fund, which provides equity capital to established underrepresented affordable housing developers nationally.

TruFund was established in 2005 as a nonprofit organization dedicated to advancing economic opportunities for people, businesses, and communities in need.

Company Description

TruFund Financial Services, Inc. ("TruFund") is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund and headquartered in New York City with offices in LA, AL, TX & GA. Our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. TruFund achieves this by providing innovative financial solutions that have a TruImpact, revitalize communities, and create jobs. As a nonprofit, mission-driven entity, TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders.\r\n\r\nOur lending and impact efforts are further enhanced through our two wholly owned subsidiaries: Empowerment Reinvestment Fund, a National CDE offering New Markets Tax Credit to enable access to private investment in distressed communities, and our Tru-Capital Investment Fund – Impact Developers Fund, which provides equity capital to established underrepresented affordable housing developers nationally.\r\n\r\nTruFund was established in 2005 as a nonprofit organization dedicated to advancing economic opportunities for people, businesses, and communities in need.