Job Description

Position Overview: A Commercial Loan Originator (Veterans Only) is responsible for sourcing, evaluating, and processing commercial loan applications, focusing on serving veterans and their businesses. This role involves assessing client financial information, structuring loan packages, and ensuring a smooth and efficient loan approval process. The originator works under the supervision of a financial institution or commercial lending company, leveraging their understanding of veteran-owned businesses and specific financial needs.

Key Responsibilities:

1. Client Consultation:

   • Meet with veteran business owners to discuss their commercial financing needs and assess their financial situation.
   • Provide expert advice on commercial loan products and options, including terms, interest rates, and repayment schedules.
   • Explain the loan process, terms, and conditions clearly and understandably.

2. Loan Application and Processing:

   • Assist clients in completing commercial loan applications.
   • Gather necessary documentation, including business financial statements, tax returns, and business plans.
   • Submit completed loan applications and supporting documents for underwriting.

3. Loan Structuring and Approval:

   • Work with underwriters to review and approve loan applications.
   • Structure loan packages to meet the specific needs of veteran business clients.
   • Communicate loan approval status and conditions to clients.
   • Coordinate with clients, appraisers, and other relevant parties to ensure a smooth loan approval process.

4. Compliance and Documentation:

   • Ensure all loan applications comply with federal, state, and company regulations.
   • Maintain accurate and up-to-date records of client interactions, loan applications, and approvals.
   • Protect client confidentiality and secure sensitive financial information.

5. Veteran Community Engagement:

   • Act as a liaison between the financial institution and the veteran business community.
   • Organize and participate in events, seminars, and workshops aimed at educating veterans about commercial loan options and financial planning.
   • Provide specialized services and advice tailored to the unique needs of veteran-owned businesses.

6. Market Analysis and Strategy:

   • Conduct market research to identify trends, competitor activities, and potential growth areas.
   • Collaborate with the marketing team to develop targeted campaigns and promotional materials.
   • Provide feedback to management on market conditions and customer needs.

7. Training and Development:

   • Stay informed about industry trends, regulations, and products through ongoing training and professional development.
   • Attend company meetings, training sessions, and seminars as required.

Qualifications:

• Education: Bachelor’s degree in finance, business, or a related field is preferred. High school diploma or equivalent is required.
• Licensing: Must possess and maintain a valid state license as a commercial loan originator (if required by state law).
• Experience: Previous experience in commercial lending, financial services, or a related field is preferred. Military experience is highly valued.
• Skills:
  • Strong communication and interpersonal skills.
  • Excellent sales and negotiation abilities.
  • Detail-oriented with strong organizational skills.
  • Proficiency in computer software and systems used in commercial lending.
  • Ability to work independently and manage time effectively.

Work Environment:

• Primarily office-based with some travel to meet clients or attend industry events.
• Standard work hours with potential for evening or weekend work depending on client needs and company requirements.

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