Loan Officer

Description:

At First Federal Savings, community banking is about people. We help local businesses grow, support families as they achieve their financial goals, and invest in the communities we call home.

We're seeking an experienced Loan Officer to join our Boothbay Harbor team. This is an exciting opportunity for a relationship-focused lending professional who enjoys working directly with customers, building community connections, and helping businesses and homeowners succeed.

The ideal candidate understands the value of community banking and is passionate about developing long-term relationships throughout the Boothbay Harbor and Midcoast Maine region. Whether you're helping a family purchase a home, financing a business expansion, or supporting a construction project, you'll play a key role in strengthening the local economy and helping our customers achieve their goals.

Boothbay Harbor is a vibrant coastal community built on entrepreneurship, hospitality, marine industries, local businesses, and strong personal relationships. We are looking for a lender who enjoys being visible in the community, building trust, and serving as a valued financial resource for customers and prospects alike.

If you have established connections in the Boothbay Harbor region and a passion for relationship banking, this is an opportunity to grow your career while making a meaningful impact in the community.

What You'll Do

As a Loan Officer, your role ultimately will be to serve as a trusted educator from the initial interview to closing and through the life of the loan. Explaining the benefits of our various loan products enabling the customer to make informed decisions as to which product is best to meet their financial needs while adhering to First Federal Savings' established loan policies and lending practices.

Key responsibilities include:

• Develop and maintain relationships with commercial and residential borrowers throughout the Boothbay Harbor region.
• Meet with prospective borrowers to understand their financial goals and lending needs.
• Guide business owners through the commercial lending process, including required financial information, business plans, projections, and supporting documentation.
• Interview customers applying for commercial and residential mortgage loans.
• Analyze and evaluate loan requests, financial statements, tax returns, credit reports, appraisals, and supporting documentation.
• Structure lending solutions that meet customer needs while maintaining sound credit quality and risk management practices.
• Order and coordinate appraisals, credit reports, inspections, title work, and other third-party services.
• Prepare required disclosures and manage the loan delivery process from application through closing.
• Conduct loan closings with borrowers, attorneys, real estate professionals, and other stakeholders.
• Monitor construction loans, including site inspections, draw disbursements, lien waivers, and coordination with contractors and borrowers.
• Assist borrowers experiencing financial challenges by developing practical workout solutions that support both the customer and the Bank.
• Monitor workout agreements to reduce risk and support successful outcomes.
• Identify opportunities to expand customer relationships and grow the Bank's loan portfolio.
• Participate in community events, networking opportunities, and business development activities.
• Serve as an ambassador for First Federal Savings throughout the communities we serve.

Along with the above you will coordinate with loan processors in the processing of the requested borrowing and delivery to the applicant. This includes creation of worksheets to create the necessary initial disclosures, review of the output, delivery to the customer and addressing any follow-up conversations. During this process you will be responsible for the timely delivery of the necessary disclosures, collection of necessary documentation and verifications from the applicant to begin the underwriting process. This high touch interaction with the customer continues from the initial interview through the underwriting, appraisal, approval/denial process and through to closing.

What We're Looking For

The ideal candidate combines strong lending expertise with exceptional relationship-building skills.

You'll be successful in this role if you:

• Enjoy developing long-term customer relationships and becoming a trusted guide.
• Have established connections within the Midcoast Maine business and residential community.
• Demonstrate strong commercial and residential lending knowledge.
• Possess excellent communication and interpersonal skills.
• Exercise sound credit judgment and risk management practices while maintaining policy compliance and the bank's lending philosophy.
• Are detail-oriented and committed to accuracy and compliance.
• Thrive in a customer-focused environment.
• Enjoy networking, community involvement, and business development.
• Bring professionalism, integrity, and accountability to every interaction.

Qualifications

• Minimum of five years of lending experience preferred.
• Community banking experience preferred.
• Experience with commercial and residential mortgage lending.
• Strong manual underwriting and credit analysis skills.
• Ability to analyze personal and business tax returns.
• Knowledge of Midcoast Maine real estate markets.
• Understanding of commercial and consumer lending regulations.
• Experience in business development and relationship management.
• Strong understanding of the regulatory environment for Small Entity Compliance rules as established by the CFPB.
• Familiarity with Fiserv Core systems a plus.
• Thorough understanding of Maine Title Standards and its impact to both the customer and the bank.
• Exposure to industries common in Midcoast Maine, including hospitality, marine services, commercial fishing, construction, real estate development, nonprofits, and local businesses, is a plus.

Equal Employment Opportunity

First Federal Savings is an Equal Opportunity Employer. We are committed to creating an inclusive workplace where all employees and applicants are treated with dignity and respect. Employment decisions are made without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, veteran status, or any other protected status under applicable federal, state, or local law.

Compensation details: 60000-90000 Yearly Salary

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