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Commercial Loan Officer Resume Samples
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Candidate Info
years in workforce
year at this job
Mathematics
Financial Management
Assistant Vice President/commercial Loan Officer
Managed a $30MM loan portfolio with 55 commercial loans by maintaining ongoing contact, monitoring problem loans, past due loans, loan maturities, risk ratings, and document deficiencies.
- Originated and underwrote over $15MM in commercial loans/lines of credit to local real estate developers/investors, local for-profit organizations, and non-profit organizations; presented to Loan Committee for approval;
- Generated over $350,000 in deposits and exceeded loan fee income goal by 89%.
- Managed loan closing process by reviewing loan documents, coordinating closing with borrowers, title companies, and attorneys.
Candidate Info
years in workforce
years at this job
Master of Business Administration
Mla
Bsba, Summa Cum Laude
Commercial Loan Officer/loan Administration Officer
Performed all aspects of commercial lending while maintaining loan review duties. Also managed the loan administration department.
- Maintained existing $2 million loan portfolio while generating new commercial loans.
- Supervised and managed a staff of six loan administrators.
- Implemented new procedures that improved documentation exceptions from 70% to 25%.
Candidate Info
years in workforce
years at this job
History
Master of Arts
Commercial Loan Officer
Managed loan portfolio and responsible for new loan production as well as a comprehensive approach to financial services.
- Analyzed financial statements and pertinent information to determine creditworthiness of prospective and existing clients.
- Business development in all shapes and forms
- Achieved top 10% recognition from senior bank leadership.
Candidate Info
years in workforce
years at this job
Management Information Systems
Commercial Loan Officer/account Executive
Managed over 500 broker accounts promoting the introduction and understanding of commercial loan products and solicitation of new business to create mutually advantageous partnerships.
- Priced and evaluated underwriting strengths and weaknesses, and oversaw the loan progression entirely.
- Recognized as the company's #1 Nationwide Top Producer out of 50 other Level Three Account Executives by closing 180 units for 54 million in 2007. An average of 15 units for 4.5 million per month.
- Promoted in 2006 to work with the company's most prestigious partner and correspondent.
- Responsible for training, mentoring, and developing the correspondent's new branches. By 2007 was accountable for 5 branches with over 50 Loan Officers.
- Developed a new prominent partner and correspondent through strong business relationships.
- Achieved prestigious President's Club 2007 and 2008
Candidate Info
years in workforce
year at this job
Finance; Accounting
Master of Arts
Commercial Loan Officer
- Managed commercial lending relationships with over 100 unique entities, business owners and chief financial officers
- Approved and declined loan requests, with individual authority, on relationships with total commitment exposure of $150,000 or less
- Negotiated and structured commercial loan transactions to satisfy bank requirements and borrowers' needs
- Consulted clients on financial performance trends and recommended appropriate actions to maximize the value of the banking relationship
Candidate Info
years in workforce
years at this job
Business Administration / Management
Commercial Loan Officer / Portfolio Manager / Senior Credit Analyst
Developed new real estate secured borrowing relationships; conducted customer calls to discuss financing, negotiated terms, directed application process, and underwrote, presented and closed new loans.
- Managed and monitored an assigned commercial real estate loan portfolio of $40MM+, including annual reviews, periodic site visits, resolving payment and other issues, and approving or making recommendations on requests for loan modifications, renewals and extensions, based on credit, financial and relationship factors.
- Functioned as a principal credit analyst for the bank from 1998 to 2002 until promoted to commercial loan officer. Introduced effective analytical and visual concepts to improve and streamline the credit underwriting process.
- Responsible for underwriting the largest and most complex credit requests from C&I, commercial real estate and construction loan borrowers.
- Guided, trained and managed other commercial credit analysts.
- Reason for leaving: advancement opportunity at another bank.
Candidate Info
years in workforce
year at this job
Arts For Business Field Of Study
Finance
Commercial Loan Officer
Helped grow Loan Production Office to $20MM in loans in first 12 months
- Diverse portfolio consisting of 40% CRE, 40% Interim Residential & 20% C&I
- Efforts helped bring bank to profitability and account for 20% of entire bank loans
- Solicited small businesses and wealthy individuals to satisfy borrowing needs
- Performed underwriting, packaging, closing and funding of loans
- Voting member of Officer's Loan Committee
Candidate Info
years in workforce
years at this job
Finance
AVP Branch Manager/commercial Loan Officer
Originated the highest number of loans per month in the [company name] system, including real estate, construction, machinery & equipment, lines of credit and unsecured loans
- Managed over 300 loans in the largest loan portfolio in the [company name] system for one of the highest return on assets in the Bank
- Managed over a dozen employees including scheduling, HR issues & developed strategies to improve morale and efficiencies
- Trained loan officers in the [company name] system on financial analysis, financial statements & tax returns including cost analysis
- Provided financial advice to customers with professionalism & a fiduciary responsibility
Candidate Info
years in workforce
years at this job
Business Administration
Finance
Commercial Loan Officer 2/vp
- Gathered financial and other information from loan applicants
- Analyzed complex business and personal financial data to determine credit worthiness
- Prepared summaries of analysis for review by management according to credit policy
- Managed a portfolio of clients with combined loan balances of $80 million and deposits of $40 million.
- Developed reports and other analytical tools in Word and Excel
Candidate Info
years in workforce
years at this job
Business Administration
Commercial Lending
Vice President - Commercial Loan Officer
Oversee a $50 million dollar portfolio of loans, deposits and other assets and provide management direction to the local Memphis branch staff in the daily operations.
- Ranked in the top 5% for loan fee production in 2014
- Recognized as the most profitable branch last year with over $800,000 of net income
- Consistently achieve revenue and customer retention goals while increasing client profitability through relationship building, outstanding service delivery, cross selling and referral development.
- Responsible for all phases of underwriting loans including real estate analysis, cash flow models, and profitability models.
Candidate Info
years in workforce
years at this job
Engineering
Commercial Loan Officer
Analyzed, structured and managed loan portfolio consisting of small to middle market companies.
- Made presentations to Credit Committee and the Board of Directors for credit approval.
- Made calls on existing and prospective clients, did site inspections and developed new contacts
- Analyzed middle market companies with annual sales of up to $100 million.
- Completed formal Credit/Management Training Program. Courses included Accounting, Money and Capital Markets, Commercial Lending, Banking Law, Financial Statement and Cash Flow Analysis.
Candidate Info
years in workforce
years at this job
Business Administration
AVP Marketing / Regional Branch Manager / Commercial Loan Officer
Promoted to AVP Marketing in charge of expanding the bank's commercial loans, personal loans and deposit portfolios.
- Managed and developed the loan and deposit portfolios of three of the bank's seven branches.
- Worked closely with the senior credit officer in expanding the bank's customer base.
- Helped the bank upgrade their credit and loan administration policies and procedures.
Candidate Info
years in workforce
years at this job
Business Administration
Assistant Vice President, Commercial Loan Officer
Achievement: Initiated direct prospecting into the broker community for commercial mortgage transactions and concurrently established and managed a direct calling program to drive in new customers.
- Networked to establish referral partner relationships to broaden the portfolio of clientele.
- Evaluated businesses to determine their creditworthiness to qualify for loans.
- Presented loans to executive committee for final approval.
- Reviewed and Interpreted tax returns, financial statements, balance sheets, pro forma, and annual budgets.
Candidate Info
years in workforce
years at this job
Accounting
Law
AVP Commercial Loan Officer
Generation of new commercial loans through a concentrated calling effort on prospects, existing customers and referral sources. Use of extensive branch network to generate new business.
- Managed and maintained a commercial loan portfolio in excess of $40 million, consistent with the bank's goals and lending philosophy.
- Presentation of loan requests to the Directors' Loan Committee when dollar amounts exceeded management lending authority.
- Independent assessment of loan requests.
- Cash flow analysis of accountant prepared financial statements and tax returns to establish repayment ability.
- Structuring and analysis of various types of commercial loans such as residential subdivision development; commercial construction; commercial real estate mortgages; working capital lines of credit; and SBA 504 loans.
- Cross-selling of cash management and other retail bank products.
Candidate Info
years in workforce
years at this job
Business Administration
Commercial Loan Officer
Managed a loan portfolio of $18 million; originated and serviced loans ranging in size from $500 to $3,000,000.
- Responsible for business development and originated loans including revolving lines of credit, term loans for working capital, residential and commercial construction loans, letters of credit, SBA loans, and consumer loans.
- HMDA officer, CRA officer, and security officer.
- Managed the full service mortgage department including origination, underwriting, and selling loans in the secondary market, budgeting, and personnel management.
Candidate Info
years in workforce
years at this job
Business Administration
Commercial Loan Officer / Underwriter
- Assisted a team of District Manager, Portfolio Manager, and Banking Advisors to manage $275 million loan portfolio.
- Responsible for evaluating loan portfolios to ensure compliance with covenants and qualifications, including the research, verification, and analysis of final due diligence materials and third party reports.
- Compiled and analyzed transactional data that measured consumer preference, perception and product acceptance to develop incremental purchase programs.
- Analyzed and reviewed loan transaction packages from initial to the final stage.
- Presented written reports to loan committee detailing the financial position and cash flow of the client potential risks, collateral position, strengths, and weaknesses. Including recommendations for credit structure, risk rating, pricing, and credit approval.
Candidate Info
years in workforce
months at this job
Anthropology
Finance
Commercial Loan Officer
Performed all aspects of commercial lending from generating new business to loan closings for commercial real estate mortgages, term loans, SBA loans and working capital lines of credit. Negotiated loan terms, analyzed corporate and personal financial statements and prepared cash flow analysis.
- Prepared formal recommendations for loan committee and Board of Directors meetings.
- Reviewed all third party reports. Negotiated and reviewed all loan documents and coordinated loan closings.
- Performed annual reviews on real estate portfolio.
Candidate Info
years in workforce
years at this job
Finance
Vice President/commercial Loan Officer III
Managed and grew a large and complex portfolio of commercial loans.
- Managed loan and portfolio credit quality, sources prospects and developed new customer relationships.
- Provided financial advice to customers and sold appropriate bank products and serviced to those
- Identified and successfully capitalizes on cross-sell opportunities and made appropriate referrals.
- Developed referral sources through attended general business and business community events.
Candidate Info
years in workforce
years at this job
Business Administration
Business Administration
Business Administration
Commercial Loan Officer, Assistant Vice President
Serviced and maintained a $50 million commercial real estate loan portfolio.
- Called on potential and existing customers to develop new business, increase and retain existing business relationships.
- Interviewed applicants, analyzed financial information to determine credit eligibility and prepared narratives for presentation to executive loan committee.
- Ensured loans were an acceptable risk and that they met appropriate criteria within the bank's guideline for maximizing return with minimizing risk.
Candidate Info
years in workforce
year at this job
Applied Banking
Certified Fiduciary Investment & Risk Specialist
Certified Financial Services Auditor
Commercial Loan Officer
- Originated, wrote summarization of borrower/business, and enabled closing of small business loans in the tourism and community development industries.
- Analyzed borrower financial information including income statements, balance sheets, cash flow statements and PFS.
- Provided technical assistance as needed to existing borrowers and prospective borrowers.
- Prepared and presented informational seminars for potential borrowers/partnering agencies using power point.
Candidate Info
years in workforce
years at this job
Banking Institute
Multifamily/commercial Loan Officer
Multifamily originator, maintaining top producer record for 5 years in a row, adding over $270MM in new loans to the bank's already strong portfolio
- Responsible for originating and processing of multifamily, mixed-use, retail and other commercial loans
- Customer service liaison lead during the bank mergers and acquisitions; effectively championed the integration process
- Representing the bank within the ethnic community by attending various cultural and social events
- Contributed new ideas in relation to enhance our products and increase productivity with the department
Candidate Info
years in workforce
years at this job
Finance
Master of Arts
Real Estate Development
Residential/commercial Loan Officer
Production averaging $1.5 Million monthly with average loan amount of $110,000.00.
- Originating residential, commercial, and construction mortgages.
- Assisted in management of loan production and closing staff.
- Rebuilt website for mortgage operations of the bank including online 1003.
- Acted as marketing manager placing advertisements to reach out to new customers for the bank.
Candidate Info
years in workforce
years at this job
Mandarin Chinese
Commercial Loan Officer
- Performed compliance reviews and assisted with re-negotiations of loans based on lending guidelines.
- Submitted loan files into Encompass loan originating system; obtain borrower's credit information regarding the processing of a FHA/VA or conventional mortgage loan application.
- Determined loan eligibility by applying procedural knowledge and guidelines.
- Verified borrower's information including bank accounts, employment, credit, and mortgage history.
- Ordered all necessary verifications/disclosures and appraisals.
- Facilitated communication between broker, loan officer, appraiser, title co. and underwriter to ensure that loans would be approved and funded on time, processing about 40 to 50 files / loans per week
- Ran mortgage loans through the appropriate automated underwriting system for automated approval and scheduled loans for processing and closing.
Candidate Info
years in workforce
years at this job
Finance And Economics
Master of Arts
Commercial Loan Officer / Real Estate Division
Specialized in cash flow and risk analyses on commercial credits and real estate construction financing.
- Cash flow analysis, risk mitigation and underwriting.
- Personally underwritten and approved all commercial construction credits and lines of credit for private banking clientele within my lending limit.
- Prepared detailed loan analysis summaries on larger transactions for board of director approval.
- Responsible for all aspects of my lending portfolio including servicing, renewal structuring, collection and credit increases.
- Proactive in community business development to aid growth of the bank.
- Performed spreadsheet and financial software analyses during credit review and recommendation process.
Candidate Info
years in workforce
years at this job
Communications
Commercial Loan Officer
Originated commercial loans through a mortgage broker network on a national basis
- Built broker relationships by cold calling and interpersonal skills in an effort to maintain a level of returning
- Worked directly with underwriters through the entire loan process of opening loan to closing the loan
- Reviewed clients taxes, financials, and bank statements to qualify and close loans on a daily basis
- Maintained an average loan pipeline of over $10,000,000
- Proven track record of moving loans through the process and closing on a consistent basis
Candidate Info
years in workforce
years at this job
International Business
Relationship Manager - Commercial Loan Officer
- Generated new business through sales calls, prospecting potential customers and cultivating existing relationships.
- Maintain existing accounts by building strong relationships with customers.
- Identify needs of new and existing customers and created solutions.
- Managed sales pipeline and provided sales forecasting to senior management.
- Mentored and managed support and administration staff.
Candidate Info
years in workforce
years at this job
Relationship Management
Accounting
Sales Force Management & Relationship Development Skills
Construction and Commercial Loan Officer V/ Vice President
Developed and managed portfolios of $55MM in construction, acquisition and development; $25MM in commercial real estate, commercial and industrial; and $37MM in key account relationships.
- Supervised, trained and managed performance of staff.
- Managed dealer floor plan lines that included audits of inventory, procedures, and controls.
- Department liaison with Credit Administration to structure and mitigate all complex credits.
- Successful in cross-selling of bank products and services to attain 150% of fee and loan goals in 2012 and 2013.
- Maintained consistent delinquency rate of less than .5%.
- Maximized profitability with successful negotiation of loan terms, conditions and pricing and thorough analysis of budgets and documentation to determine credit worthiness of borrower.
- Bank Representative for bank and community events and for development of business with profit or non-profit organizations.
- Awarded prestigious Customer First Service Award in 2012.
- Assumed Senior Vice President's responsibilities when absent.
Candidate Info
years in workforce
years at this job
Business Management
Residential & Commercial Loan Officer
Generated commercial and real estate loans.
- Developed new lending opportunities through customer marketing efforts.
- Ensured documents are executed properly and all required information is obtained from Officer or borrower immediately.
- Reviewed new loan guidelines, programs, updates and changes.
Candidate Info
years in workforce
years at this job
Economics
Commercial Loan Officer, Vice President
Originated and managed a $30 million commercial loan portfolio.
- Responsible for meeting annual goals for loan fees, loan originations and interest income.
- Served on the Management Credit Committee with responsibility to review and approve loans up to $4 million.
- Analyzed applicants' financial status, credit and property evaluations to determine feasibility of granting loans.
- Marketed bank products to individuals and firms to promote bank services.
- Handled customer complaints and took appropriate action to resolve them.
Candidate Info
years in workforce
years at this job
Financial Accounting
Commercial Loan Officer IV
Managed commercial loan portfolio of $20 Million to $70 Million
- Originated commercial loans including commercial real estate, accounts receivable, equipment financing,
- Multiple years of problem loan restructure and collection.
- Risk rating assessment and portfolio management.
- Responsible for deposit growth and cross-selling of all bank products and services.
- Trained and provided support to credit analyst team.
- Provided expertise in construction to lending team.
Candidate Info
years in workforce
months at this job
Commercial Loan Officer
- Performed active cold calling and community involvement initiatives to develop relationships.
- Analyzed prospective client loan requests.
- Managed and grew the commercial loan portfolio.
Candidate Info
years in workforce
years at this job
Business Administration
Residential and Commercial Loan Officer
Marketing, processing and closing residential and commercial loans.
- Intake of loan application for pre-qualification by phone or interview.
- Notified client of approval or denial based on ratio or credit ratings.
- Collected all paperwork required, verified assets and employment.
- Negotiated loan terms for clients and discussed options.
- Collected earnest and appraisal money from client to open title and order appraisal.
- Supervised loan processer and communicated on a daily basis with title company, lender, realtor and client to make sure loan closed on time.
Candidate Info
years in workforce
months at this job
Finance
Commercial Loan Officer
Cultivated new lending opportunities with focus in commercial real estate, commercial and industrial type loans, and speculative real estate construction.
- Responsible for annual goals that include loan volume, fee income, and cross-selling.
- Conducted independent financial analysis and decision making skills to achieve loan funding goals.
- Interacted in the credit processes including credit analysis, loan document review, preliminary title reports, and loan settlements.
- Utilized sales experience to build a portfolio of prospective clients and develop extensive referral network.
- Actively participated in business and community events and maintain strong working relationships with various groups.
Candidate Info
years in workforce
years at this job
Economics
Finance
Vice President/ Commercial Loan Officer
Manage a portfolio of commercial clients and develop good commercial business relationships that lead to commercial deposits and loan products offered by the Bank.
- Ensure retention of existing relationships and growth of new relationships through service efforts and referrals.
- Structure new credits by preparing opportunity memos and presenting to committee on all level of loan transactions < $30MM
- Underwrite commercial loans in accordance with the Bank's credit policies and procedures, including owner occupied, investor real estate, note purchase, construction and unsecured line of credit.
- Conduct in-depth analysis of global cash flow, real estate schedules, contingent liabilities, and company financials.
- Assist in training and reviewing junior underwriter and loan assistant's work.
Candidate Info
years in workforce
years at this job
Finance
Commercial Loan Officer III, Vice President
Relationship management of a $40 million portfolio of C&I and commercial real estate clients with sales between $2 million - $65 million
- Analysis and structure of complex loan relationships, including credit structure, loan pricing
- Analysis and review of financial statements and monitoring of credits for quality performance
- Business development for profitable loans, deposits and cross-selling of bank products and services
Candidate Info
years in workforce
years at this job
Bachelor of Arts
Commercial Loan Officer
- Managed customer relationships within an assigned portfolio while increasing the portfolio by increasing span of current relationships and searching for new business through referrals.
- Established and negotiated terms under which credit would be extended, including the costs, repayment method, collateral requirements and repayment schedule.
- Interviewed loan applicants, collected and analyzed financial and related data to determine the general creditworthiness of the prospect's loan request.
Candidate Info
years in workforce
years at this job
Business Administration
Consumer, Business & Commercial Loan Officer
- Sold, processed, and referred all products while insuring overall customer service
- Established individual sales goals and developed plans for achieving goals
- Continued to increase market share
- Recognized as "Top Performer" in Loans, Annuities and New Accounts
Candidate Info
years in workforce
years at this job
History
Public Policy & Administration
Accounting
Sba/commercial Loan Officer/underwriter
- Responsible for analysis, underwriting, presentation, recommendation of commercial lines of credit, real estate loans, franchise financing, equipment loans, business acquisitions, and SBA loans.
- Presented loan proposals to upper management for approval in loan committee.
- Ordered appraisals and environmental reports, assisted in the preparation of SBA documentation, and assisted in managing the file to ensure closing of loans up to $3 million.
- Serviced the SBA portfolio by preparing past due reports on delinquent loans, requested updated financial information, etc. Responsible for writing annual review reports to evaluate business performance and compliance with loan covenants.
- Completed supplemental accounting courses, a six-month RMA Financial Statement Analysis Training Program, Omega Credit Course, Financing Independent Businesses Course and Loan Documentation.
Candidate Info
years in workforce
years at this job
Vice President Commercial Loan Officer
Key contributor to expansion and management of $36M book of business and nearly $3M current deposits for newly opened branch. Approve and service moderate to large commercial loans. Complete underwriting authority from review and credit decision to negotiating credit terms, repayment schedules and conducing loan closings. Meet lending requirements to curtail risk while maximizing profit margins. Coach and direct branch staff. Key Contributions:
- Spearhead resolution of Bank's problem credits (i.e., CRE + C&I + Construction Loans) serving as Primary and Advisory Officer; advise business units and direct development and execution tactical action plans.
- Maximize recovery by liquidating assets or collateral, collection under guarantees, litigation, and post charge-off recovery efforts.
- Aggressively monitor and manage loan portfolio to ensure success in retaining high loan quality level.
- Strategize to develop new business while capitalizing on existing relationships to spawn growth.
Candidate Info
years in workforce
years at this job
History
Commercial Loan Officer
Managing as much as a $40 million loan portfolio comprised of 200+ loans
- Presenting commercial loan packages through management and loan committee for approval
- Preparation of loan and collateral security documents; facilitate all non-real estate loan closings
- Attain new business while also retaining and deepening existing client relationships
- Cross sell various bank products including deposits, retail services, mortgage, and investments
- Responsible for the ongoing credit quality of the loan portfolio
- Provide monthly reporting to Senior Executives
- Responsible for negotiation of loan terms under which credit could be extended
Candidate Info
years in workforce
years at this job
Master of Arts
Commercial Loan Officer
Actively pursue potential new business opportunities.
- Manage assigned portfolio of commercial and commercial real estate borrowers.
- Ability to approve commercial loan requests up to certain dollar thresholds.
- Existing borrower: $100,000; New borrower: $50,000.
Candidate Info
years in workforce
years at this job
Commercial Loan Officer, Assistant Vice President
- Managed over 75 commercial and consumer loan customers
- Handled complete loan process; loan origination, underwriting to loan funding
- Worked closely with company executives to identify new business opportunities with small business owners
- Created financial statement tracking tool used company wide
Candidate Info
years in workforce
years at this job
Business Management
Commercial Loan Officer II, VP
Developed and maintained a strong commercial client base and consistently exceeded goals
- Business calls monthly to solicit new clients as well as maintain healthy relationships with existing clients
- Provided referrals monthly to other lines of business and maintained a strong referral network with realtors/CPAs
- Generated Commercial loans including real estate, construction, lines of credit, term and municipal financing
- Underwriting and oversight of commercial loans including -analysis of financials, risk, terms & conditions, contingencies, covenants, pricing, enhancement programs w/SBA/BFAs
- Risk management-prepared monthly/quarterly watched asset reports on credits that had an elevated risk to the bank
Candidate Info
year in workforce
year at this job
Business Administration
Commercial Loan Officer
Underwrite various commercial and SBA loan programs for credit requests up to $2,000,000.00
- Review and analyze credit files for proper documentation and filings.
- Make recommendations for exceptions to policy when warranted.
- Review requests for reconsideration on previously declined credit files.
Candidate Info
years in workforce
year at this job
Business Management
Psychology
Senior Commercial Loan Officer
Evaluate loan applications and documentation to confirm credit worthiness
- Analyze applicants financial status, credit, and property evaluations to determine feasibility of granting loans up to $10M
- Obtain and compile copies of loan applicants credit histories, corporate financial statements, and other financial information
- Review loan agreements to ensure they are complete and accurate according to policy
- Analyze potential loan markets and develop referral networks to locate prospects for loans
- Handle customer complaints and customer service issues and take appropriate action to resolve them
- Strong relationship building of brokers and prospects
Candidate Info
years in workforce
year at this job
Business Administration Management
Commercial Loan Officer
Gather and examine credit to identify Federal Reserve's Payment Risk Metrics Rules and Fraud
- Manage Resources and monitor reports/accounts/expenses adjustments for workflow process
- Provide Disaster Supplemental Grants (HMGP) and Disaster loans represented by FEMA
- Negotiating loan amounts for Home, Rentals and Business loans for Corporation and hazard victims
- Liaison for senior executives, Government entities, along with establish SAB policies and procedures
Candidate Info
years in workforce
years at this job
Molecular Biology
Vice President / Commercial Loan Officer
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Analyze applicants' financial status, credit, and property evaluations to determine
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Obtain and compile copies of loan applicants' credit histories, corporate financial
Candidate Info
years in workforce
years at this job
Commercial Loan Officer
- Inside sales working with large corporations needing long and short term financing
- Continued customer support and problem resolution throughout the life of the loan
- Assisted with database development and CRM implementation
- Foundation in commercial and large corporate credit analysis, with exposure to secured equipment-oriented and project finance.
- Comfortable with project performance analysis. Strong credit and risk analysis skills. Good aptitude or ability to understand elements of complex transaction structures. Knowledge of fund accounting
- Exceptional leadership, organizational, communication, interpersonal, and problem resolution skills
Candidate Info
years in workforce
years at this job
Economics
Commercial Loan Officer
- Responsible for managing and building a commercial loan portfolio ($25 million currently)
- Work with senior management to ensure that the goals of the bank and the needs of the customer are satisfied
- Facilitate the offering of credit to customers who qualify
- Continuing education (legal, compliance, and market-risk-related issues)
More Commercial Loan Officer
Resumes
Commercial Loan Officer Resume Success Stories
Commercial Loan Officer Duties and Responsibilities
Commercial loan officers are decision-makers who must apply critical thinking to every application they review. Their daily duties require applying both logic and people skills in order to complete their tasks, which include:
Evaluate Loan Applications Commercial loan officers must carefully examine loan applications and verify financial information provided on the application to determine whether the business applying for the loan is capable of meeting monthly loan payments on time.
Review Credit Information In addition to reviewing loan applications, commercial loan officers must evaluate the credit history of the applicant. This requires finding all possible financial assets belonging to the company and evaluating their worth as it relates to the loan amount being requested.
Approve Loans Once a loan candidate has been assessed, the commercial loan officer will recommend approval or disapproval of the loan application based on the information provided by the business and the data they uncover during the application process.
Supervise Loan Administrators A commercial loan officer is often a supervisory position, which requires managing loan administrators and double-checking their loan paperwork for approval or disapproval of requested loans.
Follow Up on Approved Loans Once a loan has been approved and money given to a commercial client, the loan officer is responsible for making sure that loan payments are made on time. This may require making follow-up phone calls and checking in with borrowers to ensure they are paying off their line of credit. Should loan payments fail to be made regularly, loan officers may need to take action by reporting borrowers to collection agents.
Commercial Loan Officer Skills and Qualifications
Commercial loan officers work with numbers, but they also work with people on a daily basis. Financial institutions look for loan officers who have the following experience and skills:- Mathematics - crunching numbers and going over financial statements is a big part of the commercial loan officer's job, so they need a strong grasp of mathematics
- Customer service - while commercial loan officers make their decisions based on what they see on paper, customer service is still a big part of the job because they often meet with applicants face to face
- Analytical thinking - logic and critical thinking are essential to the commercial loan officer's job because they must apply mathematical formulas to determine whether a company has the ability to pay back a requested loan. This requires putting personal feelings aside and relying on cold, hard numbers in order to make the best decisions for their financial institution
- Leadership skills - because commercial loan officers often supervise loan associates, a background in leadership is very useful for this career path and desired by employers
- Attention to detail - commercial loans involve a lot of paperwork, bank accounts, and data, which means loan officers need to be highly detail-oriented so they can properly analyze all the information without skipping over any financial details
Commercial Loan Officer Education and Training
Most commercial loan officers need a bachelor's degree in finance. They also receive on-the-job training from the financial institution to familiarize themselves with their employer's computer systems and financial forms. This training may take a few days to a period of several weeks, depending on the financial institution's normal policy.
Commercial Loan Officer Salary and Outlook
The median pay for loan officers is $63,650 per year, according to the Bureau of Labor Statistics. In 2016, there were 318,600 jobs available in this field, and the job outlook through 2026 shows that this career is expected to grow by 11 percent. This is faster than the national average. Commercial loan officers receive health insurance and other job perks, including profit-sharing and bonuses for completing successful loans. Vacation and paid leave are also commonly offered, and some institutions provide additional perks such as stock options, clothing allowances, childcare services, and continuing education reimbursement.
Commercial Loan Officer Helpful Resources
The financial industry is always changing, and commercial loan officers are always learning new technologies and strategies. Stay in the loop with these helpful resources that will keep you advancing in your career:
American Bankers Association - ABA represents bankers and financial institutions of all sizes, offering information about training, news about industry events, and data about new products and technologies in the financial field
Commercial Loan Officer's Handbook: From Basic Concepts to Advanced Techniques - this handbook is full of graphs, charts, and data to help you master the job of being a commercial loan officer, from rudimentary to advanced techniques
SW Graduate School of Banking Foundation - learn how to continue your education in the financial industry by finding training programs, materials, and information about how to advance your career as a commercial loan officer
Commercial Loan Officers Digest - learn all the tips and key elements of commercial lending in this digest, a comprehensive guide to working with loan officers, people requesting loans, and financial institutions
