Loan Officer Newport

Job Description

Loan Officer job at Oregon Coast Bank. Newport, OR.

The Loan Document Specialist is responsible for processing loan applications in compliance with bank policies, meeting investor guidelines and demonstrating lending strategies. This individual also provides loan support functions to include documentation origination and evaluating loan servicing, authorization, and/or recommend the approval of commercial, credit, or real estate loans.

• Meets with customers to determine needs and negotiate deals
• Manages the loan processes to include pre-processing steps (ordering title policies, EDR, surveys, etc.), processing steps (preparation of loan documents and closing coordination), and post-closing (monitoring and booking of the loan)
• Orders revision loan documents, appraisals, and environmental documents as determined
• Orders updated customer financial statements as needed
• Acts as liaison with various departments. Responsible for providing services to commercial customers including but not limited to the processing of loans, payments, financial analysis, statements, etc.
• Reviews documentation for renewals and restructures as approved by management
• Arranges loan renewal closings and restructure loans
• Effectively processes loan requests under minimum supervision, by obtaining, verifying, completing, and maintaining the necessary loan documentation
• Conducts research and reviews liens, title searches, and title commitments and works with Loan Officer to clear all exceptions
• Processes and completes construction draw, payments, new loans, and renewals
• Reviews accepted collateral types for appropriate documentation
• Provides support in recording and filing pertinent collateral documents (i.e. Deed of Trusts, UCCs, Fishing Vessel Mortgages)
• Provides support in maintaining loan files and following up with annual reviews and financial tracking
• Assists other lenders as needed
• Present credits to Loan Committee for approval
• Ass customer service is a top priority whether internally or externally, treating customers and employees professionally, with courtesy, and respect
• Reviews credit memos and loan files to ensure they have all the pertinent information necessary to create loan documents
• Assists Loan Servicing in ensuring all disclosures are completely error-free
• Assists Loan Servicing in creating and proofing loan documents for consumer and commercial loans
• Reviews loan documents for consumer and commercial loans
• Provides support in booking loans and collateral information into the internal banking system
• Stays current on loan policies and procedures for the bank and at the regulatory level
• Liaisons with the Legal Service Department and ensures that protocol is maintained
• Be familiar with the employee handbook and will be held accountable to the standards of conduct and expectations detailed therein.
• Performs other duties as assigned

• High school diploma or equivalent and on-the-job training
• Previous experience in loan processing, accounting, and servicing strongly desired
• Computer proficiency at a mid to expert level in Microsoft Office programs, expert level in excel required for related analysis of customer financials
• Understanding of commercial banking laws, bank products, services, policies, and procedures, as well as cost accounting, financial and statistical analysis, principles of commercial and consumer credit
• Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), and other types of construction and conventional loans
• Knowledge of legal documentation is required
• Certification of any mandatory state loan officer training or licensing required
• Demonstrated ability to use various interpersonal styles and communication methods, to gain customer acceptance of a product or service
• Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established time frames
• Strong organizational skills and the ability to handle multiple tasks under tight time constraints
• Excellent verbal and written communication skills
• Self-motiva…