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Compeer Financial · 8 hours ago

Credit Officer

Bloomington, IL

Full-time

Hybrid

Mid, Senior Level

$82K/yr - $124K/yr

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin, dedicated to providing financial services to support agriculture and rural communities. The Credit Officer role involves reviewing complex loan requests, making credit decisions, and collaborating with lending officers to ensure the best outcomes for Compeer Financial and its clients.

FinanceFinancial ServicesRentalRisk Management

Work & Life Balance

No H1B

Responsibilities

Analyzes and provides quality, accurate credit decisions for complex loan packages across all three Compeer home mortgage products (RuraLiving, Portfolio and Freddie Mac)

Reviews and documents loan conditions and transactions to ensure compliance and credit guidelines are met

Collaborates with Ag Lending to analyze complex farming operations with consumer loan requests

Leads larger more complex loan requests, may be required to interact directly with the borrower, partner or other outside parties

Reviews all documents needed for final approval

Utilizes Freddie Mac automated underwriting and analysis tools such as running loans through Loan Product Advisor and the appraisal through the Uniform Collateral Data Portal if applicable

Updates the Loan Origination System with all underwriting information

Maintains the underwriting spreadsheet

Serves as a resource for team members to assist with fielding questions

Verifies the subject property is acceptable collateral for the loan program

Reviews the accuracy and opinion of the market value on appraisals

Reviews comps to determine if they are comparable and adequate with the necessary marketability comments provided

Verifies the property meets all necessary program guidelines (property is adequately reviewed and sales are comparable)

Provides product support (Freddie Mac, RuraLiving or Portfolio) for the Credit Compeer Home Team and all of Compeer Home

Reviews guidelines on a regular basis and provides recommendations to leadership and/or product experts

Answers loan questions submitted to the Credit Compeer Home Team from Compeer Home, banks and Farm Credit partners

Reviews submissions and determine if all required documentation is in the file

Determines if collateral can be released and if any proceeds need to be applied to the loan

Determines if co-signer can be released of liability by reviewing all documentation against loan guidelines

Documents servicing request and underwriting criteria used to approve or deny the request

Communicates the decision which include conditions required to be met, in order for the action to be approved

Qualification

Consumer mortgage financeUnderwriting practicesCredit processingBachelor’s degreeAgricultural knowledgeComputer skillsNegotiating skillsCommunication skills

Preferred

Bachelor's degree in accounting, finance, economics, agribusiness or related field OR an equivalent combination of education and experience sufficient to perform the essential functions of the job

Advanced-level of experience in consumer mortgage finance including areas such as underwriting, processing, operations, servicing and/or lending

Advanced knowledge of consumer lending, underwriting practices, compliance, regulations, and loan programs

In-depth understanding of credit processing and servicing

Strong accounting principles and credit administration

Advanced understanding of loan processing and servicing

Knowledge of agricultural businesses and operations, production practices, and understanding of credit standards used by Compeer to analyze operations

Ability to make sound credit decisions independently and efficiently

Developed negotiating skills and the ability to organically create and propose creative financing solutions that drive portfolio growth while mitigating credit risk

Strong listening, written and verbal communication skills, with ability to communicate at all levels of the organization

Skill in developing and maintaining interpersonal relationships

Strong computer skills, including Microsoft Office applications and customer relationship management (CRM) programs

Valid driver's license

May be required to travel and present, train and interact with team members, bank partners, Farm Credit Associations or at trade shows/conferences