Consumer Lender

ADP, Inc.; Crosslake (MN); On-site; USD 46,000 - 77,000; Full time

Benefits offered by this job

Health benefits

401k with company match

Paid time off

Disability coverage

Job summary

First Western Bank & Trust in Crosslake, MN seeks a full-time Consumer Lender to solicit, evaluate, and coordinate the closing of various consumer loans and credit products in compliance with lending policies.

The role emphasizes developing new business and servicing an existing portfolio, while advising clients on loan options, terms, and payments. A bonus program and comprehensive benefits are available.

Qualifications

• Bachelor’s degree in Finance, Business, or Economics or equivalent work experience.
• Prior experience in consumer lending with knowledge of in-house consumer mortgage, construction, and real estate loan procedures preferred.
• Other banking related experience helpful

Responsibilities

• Solicit, evaluate, negotiate, underwriting, approving or recommending approval, and coordinating the closing of consumer, in-house mortgage, HELOCs, and other loans.
• Develop new business and maintain a portfolio; cross-sell services to meet client needs.
• Analyze applicants’ financial condition and assess risk of financing requests.
• Obtain and assess loan applicants’ credit histories, financial statements, and other financial information.
• Ensure credit inquiries and UCC filings are researched to determine credit worthiness and collateral positioning.
• Negotiate terms and conditions, approve loans within limits, and present applications outside limits for higher authority.
• Advise clients on financial status and payment methods, including rate locks and closing dates.
• Coordinate processing of approved loans per agreement and bank policies.
• Approve loan disbursements and fund transfers within limits, and manage delinquent loan workout plans.
• Analyze potential loan markets and develop referral networks to locate prospects.
• Monitor loan portfolio for risk ratings and early problem identification

Skills

Consumer lending

Credit analysis

Negotiation

Relationship building

Communication

Time management

Sales skills

Education

Bachelor's degree in Finance/Business/Economics

Experience in consumer lending

Tools

Microsoft Office

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Professional Baxter - Crosslake Bank, Crosslake, MN, US

3 days ago Requisition ID: 1682

Salary Range: $46,400.00 To $77,300.00 Annually

First Western Bank is currently looking for a full-time Consumer Lender at our Crosslake, MN location.

The pay range for this position is $46,400 - $77,300 annually. Pay is based on several factors which vary according to position and position level. Factors may include: educational and professional background, work experience, and overall qualifications. First Western Bank & Trust cares about and invests in our employees. We offer eligible employees and their dependents comprehensive health benefits and programs, which may include insurance for medical, vision, dental, and more, to help you take care of yourself and your family. Other benefits for eligible employees include 401k with company match, company contribution to Health Savings Account, banking benefits, short-term disability, life and long-term disability, bonding leave, holidays, sick leave, and vacation.

Bonus: This position may also be eligible to participate in an annual bonus program. A bonus award, if any, depends on various factors including individual and organizational performance.

CONSUMER LENDER POSITION OVERVIEW

Responsible for soliciting, evaluating, negotiating, underwriting, approving or recommending approval, and coordinating the closing of all consumer, in-house mortgage loans, HELOCs, lot loans, bridge loans, construction loans, ready reserve and credit cards in compliance with the Bank’s lending policies and procedures.

• Responsible for developing new business and maintaining and servicing an existing portfolio. Cross sells and recommends services to meet client needs and expand client relationships
• Extends credit to individuals through a wide variety of consumer loans, credit cards, ready reserve, in-house mortgage, real estate (bridge, lot loans & home equity/HELOCS) and/ or construction programs,
• Analyzes applicants’ financial condition and assesses risk of financing requests within framework of the Bank’s credit culture and current economic and industry trends
• Obtains and assesses loan applicants’ credit histories, financial statements, and other financial information
• Ensures that credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved
• Negotiates terms and conditions, structures loan financing based on risk considerations, approves loans within specified limits and presents loan applications outside of those limits for approval to appropriate levels of authority
• Advices clients on financial status and methods of payments, including a clear communication in relation to interest rate locks, closing dates, extensions, etc.
• Coordinates processing of approved loans; ensures loans are processed according to agreement, client needs and conforms to Bank lending policies
• Approves loan disbursements, draws from lines of credit, and fund transfers in accordance with specified limits
• Negotiates payment arrangements with clients who have delinquent loans
• Analyzes potential loan markets and develops referral networks in order to locate prospects for loans
• Monitors existing loan portfolio to ensure proper risk ratings and early identification of potential problems

CONSUMER LENDER QUALIFICATIONS

• Bachelor’s degree in Finance, Business, or Economics or equivalent work experience
• Prior experience in consumer lending with knowledge of in-house consumer mortgage, construction, and real estate loan procedures preferred
• Other banking related experience helpful

CONSUMER LENDER COMPETENCIES

• Building Relationships - able to grow and maintain strong long-term customer relationships
• Business Judgment - able to identify business relationships and make sound decisions that are in the best interest and long-term success of the bank
• Communication - excellent written and verbal communication skills to clearly convey information to diverse audiences
• Customer Focus - able to understand customer needs and promote the value of the bank’s products and services
• Emotional Intelligence - can navigate difficult situations with empathy and understanding, fostering positive relationships
• Interpersonal Skills - can communicate and interact with others in a way that promotes mutual respect and trust
• Negotiation - able to lead negotiations and convert them to mutually beneficial agreements or solutions
• Persuasiveness - ability to build strong relationships and trust with colleagues, clients, and stakeholders; fostering collaboration and consensus
• Problem-Solving - skilled in identifying and resolving complex problems using analytical and critical thinking skillsResilience - able to bounce back from difficult situations and maintain a positive attitude and performance
• Teamwork - proven ability to work collaboratively in a team environment to achieve common goals
• Time Management - highly organized and efficient, with a proven ability to manage multiple projects and meet deadlines
• Willingness to Learn - open to new ideas, seeks opportunities to expand knowledge and skills, actively participates in training programs, and seeks feedback to enhance performance
• Technology - skilled in Microsoft Office (Publisher, Power Point, Word, Excel, Outlook), and social media platforms

First Western Bank & Trust is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, genetic information, marital status, or veteran status.