Position Overview:
The Lending Team is responsible for converting applications into successfully funded loans. A such, the team must fully understand the loan products offered by Working Solutions and the conditions that are necessary for applicants to qualify successfully. The Lending Officer will be responsible for: (1) verifying required documents and packaging loan applications; (2) underwriting loan applications and providing timely feedback and recommendations; and (3) finalizing loans through a comprehensive closing process. Additionally, each Lending Officer also provides support with day-to-day operations of the Lending Team as needed.
Key Duties:
– Review new applications and provide feedback and technical assistance to prospective borrowers.
– Analyze loan documents to verify eligibility.
– Perform credit analyses and determine repayment probability using risk management matrices.
– Analyze completed application packages, conduct due diligence and financial analysis, and… draft credit memoranda.
– Verify that documents in loan files?such as credit reports, loan applications, and financial statements?are complete, current, and accurate.
– Present loan recommendations to the Director of Lending, Chief Lending Officer, and/or Executive Team as needed.
– Prioritize and track the loan underwriting process in order to meet deadlines and ensure timely submission of loan packages for review.
– Prepare loan closing packages, schedule and facilitate loan closings, and work with applicants on loan documentation.
– Collect and analyze loan conditions and due diligence items from approved borrowers.
– Complete contingencies with clients prior to funding.
– Review all loan applications and disclosures for discrepancies and compliance with regulatory guidelines.
– Maintain electronic files in audit-ready condition for all borrowers.
– Provide general administrative support and ad hoc project support for the Lending Team.
– Support achievement of organizational and departmental goals and outcomes.
– Provide coverage and support for other Lending Officers and Associates as needed.
– Represent the Lending Team in the community, as needed.
Required Qualifications:
– Commitment to social justice with work experience in nonprofit or community development, microfinance, social enterprise, and/or small business or related work.
– Bachelor’s degree from four-year college or university or 4+ years of related experience and training.
– Self-starter with the ability to work independently.
– Demonstrated experience in lending, finance, or credit underwriting.
– Excellent interpersonal skills and ability to work well with diverse constituents.
– Superior analytical and organizational skills and meticulous attention to detail.
– Demonstrated experience in customer service, especially in challenging situations; the ability to be simultaneously clear, firm, and supportive is crucial.
– Demonstrates sound judgment and effective decision-making.
– Experience with data entry and tracking outputs and outcomes through Customer Relationship Management (CRM) platforms is a plus
