Commercial Real Estate Loan Officer

MRINetwork; Seattle (WA); On-site; USD 90,000 - 170,000; Full time

Job summary

MRINetwork seeks a Commercial Real Estate Loan Officer to solicit new CRE loan business through a network of brokers, business owners, and investors. The role involves coordinating loan closings, advising developers on agreements, collateral, and feasibility studies, and assessing applicant information to determine loan risk.

Responsibilities include data analysis of financials, property appraisals, and ensuring documents meet policy and regulatory standards while maintaining confidentiality and

Qualifications

• Bachelor's degree or equivalent work experience.
• Five or more years of CRE lending experience.
• Fluent in the principles of CRE underwriting.
• In depth understanding of occupancy and rent trends in local markets.
• Comfortable with technology supporting sales management, marketing, pricing, initial underwriting, pipeline management and loan performance tracking.
• Familiar with loan products and pricing of local competitors.

Responsibilities

• Solicit and coordinate the closing of commercial loans; responsible for commercial loan business development and to act as the bank's contact with commercial loan clients, brokers, and contractors.
• Provide guidance to potential developers relating to partnership agreements, collateral, feasibility studies, and vacancy rate factors, if applicable.
• Interview applicants to develop information concerning their needs, credit, stability, earnings, and potential income to the property to assist in determining whether the commercial loan package will be an acceptable risk.
• Obtain and analyze pertinent financial and credit data on all partners involved in the project; arrange for appraisal of the property and/or feasibility study of bare land to be developed.
• Review commercial loan packages for completeness of documents and compliance with bank policy, regulatory requirements, and secondary market lending parameters.
• Notify commercial loan applicants of requests that do not conform to lending guidelines.
• Maintain a high level of working knowledge relating to all types of commercial loans.
• Maintain all financial/loan data in confidence.

Skills

CRE underwriting

Market occupancy trends

Tech aptitude for sales/underwriting

Client/account management

Education

Bachelor's degree or equivalent

Tools

Sales management software

Loan pricing tools

Underwriting software

Job description

Actively seeking a Commercial Real Estate Loan Officer to solicit new CREloan business through a network of brokers, business owners, and investors.

RESPONSIBILITIES

• Will solicit and coordinate the closing of commercial loans; responsible for commercial loan business development and to act as the bank's contact with commercial loan clients, brokers, and contractors.
• Will provide guidance to potential developers relating to partnership agreements, collateral, feasibility studies, and vacancy rate factors, if applicable.
• Will provide service to prospective commercial loan customers and interview applicants to develop information concerning their needs, credit, stability, earnings, and potential income to the property to assist in determining whether the commercial loan package will be an acceptable risk.
• Will obtain and analyze pertinent financial and credit data on all partners involved in the project; will arrange for the appraisal of the property and/or feasibility study of bare land to be developed.
• Will review commercial loan packages for completeness of documents and compliance with bank policy, regulatory requirements, and secondary market lending parameters.
• Responsible for notification of commercial loan applicant(s) of all requests, which do not conform to current lending guidelines.
• Will be responsible for maintaining a high level of working knowledge relating to all types of commercial loans.
• Will maintain all financial/loan data in confidence.

Job Requirements

• Bachelor's degree or equivalent work experience
• Five or more years of commercial real estate lending experience
• Fluent in the principles of CRE underwriting
• In depth understanding of occupancy and rent trends in local markets
• Comfortable with technology supporting sales management, marketing, pricing, initial underwriting, pipeline management and loan performance tracking
• Familiar with loan products and pricing of local competitors