Residential Loan Officer

Residential Loan Officer


Department/Location: Loan Department / Lacey

Employee Reports to: Regional Lending Manager

FLSA: Hourly; Non-Exempt position

Status: Full-Time 80 Hours

Rate of Pay: $39.70 - $58.38 per hour

Summary/Objective : Markets, originates, and closes residential real estate, maintains and grows our portfolio, construction, consumer loans and other Timberland Bank loan products. Ability to perform required tasks to maintain portfolio loans within the branch/office.

Essential Job Functions :

• Interviews loan applicants. Counsels' applicants on loan programs and options. Obtain necessary financial information to process loan applications.
• Input loan information on loan systems, verifies credit, identification, reviews documentation to calculate income, and analyzes the need for additional information. Prepares loan files to be sent for processing, underwriting, and action by Loan Committee and/or Board of Directors.
• Recommends terms and conditions of loans.
• Meets with drop-in and walk-in customers.
• Ensures compliance with state, federal and Timberland Bank lending policies.
• Outlines loan terms and loan commitments to borrowers; assists borrowers and processors with meeting conditions that are "subject-to" loan approval.
• Prepares and submits requests for loan modifications and advances.
• Obtains and updates applicant information required to convert and refinance construction loans to permanent financing.
• Manages matured files and other related information pertaining to residential properties that Timberland holds the mortgage to.
• Prepares and implements plans to meet or exceed branch/office loan production goals; conducts outside sales calls; maintains good working relationships with brokers and builders.
• Represents Timberland Bank to the local community in a professional manner.

Requirements:

• High school diploma or equivalent.
• College coursework in business or finance is desirable
• Prefer two years combined experience in loan origination, loan processing, or other related fields.
• Formal or correspondent training in lending disciplines.

Knowledge, Skills & Abilities:

• Demonstrate sales experience, ability to multi-task, and be involved with outside organizations that help promote Timberland Bank.
• Extensive knowledge of bank loan products and services.
• Extensive knowledge of banking industry rules, regulations, policies, and procedures.
• Ability to maintain their NMLS identification number.

Physical Demands: To successfully perform the essential duties of this position, an individual must be able to meet the physical demands listed below. While some absences may be protected by federal, state and/or local laws, regular attendance is an essential function of the job. Reasonable accommodation may be provided to assist individuals with disabilities to perform essential job functions.

Work Environment: The duties of the job are performed on premises and in an office setting.

What We Offer: Based on eligibility, Timberland Bank offers a comprehensive benefits package including medical, dental, vision, 401k, vacation/paid sick leave and other great benefits with employee only. Timberland Bank is a family-friendly employer. Our employees enjoy competitive compensation and an excellent benefits package including:

• Medical, Vision and Dental Insurance
• Paid vacation and holidays
• Paid Birthday Day Off
• Two pay periods per month
• Paid sick leave
• 401k and employee stock ownership plans
• Paid training and advancement opportunities
• Numerous employees only banking benefits

Disclaimer: This job description is intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed, as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.