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Job Type
Full-time
Description
Summary of Duties
The Loan Officer and Underwriter is responsible for evaluating, approving, and underwriting a broad range of consumer and residential loan products, including consumer installment loans, lines of credit, home equity lines of credit (HELOCs), construction loans, and land loans. This role also serves as a key liaison in managing mortgage applications through the Rocket Pro platform, ensuring a smooth, compliant, and efficient process from application through closing.
Essential Duties and Responsibilities
Included but are not limited to:
Analyze, underwrite, and approve consumer and residential loan applications in accordance with bank policy, regulatory requirements, and sound credit practices
Evaluate borrower creditworthiness by reviewing income, assets, credit history, collateral, and overall risk profile
Approve and underwrite a variety of products, including:
Consumer installment loans and unsecured lines of credit
Home equity lines of credit (HELOCs)
Construction and construction-to-permanent loans
Land loans
Structure loans appropriately based on risk, policy guidelines, and borrower needs
Issue clear, well-documented credit decisions and conditions
Partner with lenders, branch staff, and processors to gather required documentation and move loans efficiently through the pipeline
Serve as the primary point of contact for loans originated through Rocket Pro, guiding applications through underwriting, approval, and closing stages
Communicate as needed with customers regarding their application through Rocket Pro
Monitor pipeline and ensure timely turnaround times and service level expectations are met
Ensure compliance with all internal policies, as well as federal and state regulations (e.g., Reg B, RESPA, TRID, HMDA as applicable)
Communicate decisions and rationale effectively to internal stakeholders
Identify exceptions and recommend appropriate mitigating factors
Support continuous improvement efforts related to underwriting processes and workflow efficiency
This position requires individual lending authority, either upon hire or within an established timeframe based on experience and demonstrated performance
Other Functions
Familiar with and abides by all bank regulations including but not limited to BSA and OFAC.
Adhere and comply with all Bank Policies.
Other duties as assigned.
Requirements
Job Qualifications & Requirements
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Education/Certification/Licensing:
Experience:
o Consumer lending and credit analysis
o HELOC and real estate-secured lending
o Construction lending fundamentals
o Experience with mortgage processes
o Solid understanding of regulatory and compliance requirements related to lending
o Excellent communication and organizational skills
o Ability to manage multiple priorities in a fast-paced environment
Other Requirements:
Equipment Used
Software Used
Physical Demands
While performing the duties of this job, the employee is frequently required to work in front of a computer for extended periods of hours; use hands to finger, handle, or feel and talk or hear. Must be able to travel from location to location throughout the office and to other bank offices, clients, and outside meetings. The employee is occasionally required to reach with hands and arms; stoop, kneel, or crouch. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, color vision, depth perception and ability to adjust focus.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. In-person work is required however telework exceptions may be applicable. Regular and prompt attendance is required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This job operates in a professional office setting with low to moderate noise level work environment; and, at times in various other environments of the clients they meet with.
Equal Employment Opportunity & ADA Compliance:
Commercial Bank provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Equal employment opportunity applies to all terms and conditions of employment including hiring, placement, promotion, termination, layoff, recall, transfer, leave of absence, compensation, and training. To ensure equal employment opportunities to qualified individuals with a disability, Commercial Bank will make reasonable accommodations for the known disability of an otherwise qualified individual, unless undue hardship on the operation of the organization would result. We support and promote equal employment opportunity, human dignity, and racial, ethnic, and cultural diversity by taking positive steps to eliminate barriers that may exist in hiring and in employment practices. Discrimination of any type will not be tolerated.