Commercial Loan Officer

Department/Location: Loan Department / Tacoma OR Auburn

Employee Reports to: Commercial Team Leader

FLSA: Salary; Exempt position

Status: Full-Time 76-80 Hours

Rate of Pay: Grade 35 / $130,745  - $203,808 Annually

Summary/Objective: Markets, originates, and closes Commercial Real Estate, maintain and grows our portfolio, construction, consumer loan and other Timberland Bank loan products. Ability to perform required tasks to maintain portfolio loans with 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 send 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.