Residential Loan Officer

Residential Loan Officer

Department/Location: Loan Department / Lacey

Employee Reports to: Regional Lending Manager

FLSA: Hourly; Non-Exempt position

Status: Full-Time 80 Hours

Rate of Pay: $39.70 - $58.38 per hour

Summary/Objective: Markets, originates, and closes residential real estate, maintains and grows our portfolio, construction, consumer loans and other Timberland Bank loan products. Ability to perform required tasks to maintain portfolio loans within the branch/office.

Essential Job Functions:

• Interviews loan applicants. Counsels' applicants on loan programs and options. Obtain necessary financial information to process loan applications.
• Input loan information on loan systems, verifies credit, identification, reviews documentation to calculate income, and analyzes the need for additional information. Prepares loan files to be sent for processing, underwriting, and action by Loan Committee and/or Board of Directors.
• Recommends terms and conditions of loans.
• Meets with drop-in and walk-in customers.
• Ensures compliance with state, federal and Timberland Bank lending policies.
• Outlines loan terms and loan commitments to borrowers; assists borrowers and processors with meeting conditions that are "subject-to" loan approval.
• Prepares and submits requests for loan modifications and advances.
• Obtains and updates applicant information required to convert and refinance construction loans to permanent financing.
• Manages matured files and other related information pertaining to residential properties that Timberland holds the mortgage to.
• Prepares and implements plans to meet or exceed branch/office loan production goals; conducts outside sales calls; maintains good working relationships with brokers and builders.
• Represents Timberland Bank to the local community in a professional manner.