MutualOne Bank · 2 weeks ago
VP, Commercial Loan Officer
Framingham, MA 01701
Full-time
Onsite
Mid, Senior Level
$117K/yr - $200K/yr
5+ years expMutualOne Bank is seeking a VP, Commercial Loan Officer responsible for generating new commercial lending business. The role involves interviewing applicants to assess loan needs, making loan recommendations, and monitoring ongoing risk in the loan portfolio.
FinanceFinancial ServicesReal Estate
Responsibilities
Originates and reviews commercial loan requests as well as works to increase Bank deposits
Interviews business loan applicants, provides counsel and works with the credit department to underwrite loans using industry and Bank guidelines
Reviews appraisals, credit reports, background checks, reference checks and other information as needed on loan applicants
Outlines loan terms and conditions, and informs the borrowers of loan commitments
Develops and recommends new loan policies & procedures to upgrade and improve the loan services for the benefit of the commercial loan department
Researches new legislation and regulations that may affect the financial institution’s lending policies. Ensures compliance with new rules by advising senior management and implementing appropriate changes
Participates in the development of marketing programs for the financial institution’s commercial non-real estate lending services
Actively participates in local business and community activities
Provides regular reports to the SVP, Team Leader Commercial Lending on lending activities
Develops new relationships and services existing relationships
Recommends proposals to expand current business for commercial real estate and C&I lending
Maintains knowledge of department policies and procedures through internal and external training activities
Monitors their current portfolio for evolving risks and issues and elevates any issues immediately to the SVP, Team Leader Commercial Lending
Monitors underlying business trends in industries and markets in which the Bank does business
Makes periodic site visits to the Borrowers and visits the collateral that support the loans
Qualification
Required
Bachelor's degree or equivalent experience in a lending environment
Extensive knowledge in financial institution's commercial lending policies and procedures
Five to ten years progressively responsible experience in commercial lending with thorough understanding of credit analysis
Good understanding of lending procedures, laws and regulations
Sound knowledge of loan policy, compliance, loan operations and quality customer service
Excellent oral and written communication skills, strong computer skills including word and excel
Attention to detail, ability to multi-task and proven organizational skills
Ability to apply critical thinking and problem solving skills
Ability to adapt to changing demands and requirements
Ability to work in a collaborative environment
Compliance with BSA regulations as appropriate to the position
Ability to apply sound judgment to decision making
Ability to use standard equipment such as computers, phones, photocopiers
Must be able to work schedules that meet the needs of the Bank, which may include early morning, evening and/or weekend hours
Frequently local travel for bank purposes and/or on behalf of the bank (i.e. meeting with customers, networking, community/marketing events)
Company
MutualOne Bank
MutualOne Bank is a bank that provides business banking, commercial banking, business real estate loans, and cash management services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Joe Regan
Chief Financial Officer
Brian Ledwith
Executive Vice President and Senior Commercial Lender
Recent News
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