Loan Officer - Commission Eligible

Compeer Financial; Illinois; Hybrid; USD 46,000 - 52,000; Full time

Job summary

A financial services cooperative is seeking a Loan Officer - Commission Eligible in Peoria, IL. This role involves the origination of various loans in rural areas, maintaining client relationships, and marketing services to support agricultural communities. Candidates need a bachelor's degree in a related field and strong communication skills. This position offers a hybrid work environment and a competitive salary range of $46,400 - $51,500, with uncapped commission opportunities.

Benefits

Flexible hybrid work environment

Outstanding benefits

Qualifications

• NMLS registration required.
• Understanding of mortgage processing, underwriting and closing procedures.
• Solid time management skills.

Responsibilities

• Proactively markets and sells credit and related services.
• Originates loans by proactively seeking applications.
• Maintains client relationships through frequent interactions.

Skills

Strong listening skills

Verbal communication

Interpersonal skills

Problem solving

Analytical skills

Sales skills

Education

Bachelor’s degree in business administration, finance, agriculture or related field

Tools

Microsoft Office

CRM programs

Job description

Overview

Join to apply for the Loan Officer - Commission Eligible role at Compeer Financial.

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We provide financial services to support agriculture and rural communities. We offer a flexible, hybrid work environment and excellent benefits to empower you to thrive both personally and professionally.

Where you will work

This position offers a hybrid work option up to 50% remote and is based out of the Princeton, Edwards, or Geneseo, IL office locations.

The Contributions You Will Make

This position is responsible for the origination of home, recreational land/bare land and home site loans in rural areas and communities. You will maintain acceptable levels of loan unit/volume origination while building strong professional and client relationships and maintaining high client satisfaction. You will combine mortgage and business knowledge with an understanding of each client’s financial position to provide innovative alternatives to help clients achieve their goals. You will market Compeer’s products and services to industry partners and prospective clients and develop a referral network of realtors, builders, consumer direct, and other financial service providers.

A Typical Day

Sales and Marketing

• Proactively markets and sells credit and related services, establishing new market relationships.
• Creates networking and prospecting strategy aligned with branding and marketing protocol.
• Maintains positive client relations and contributes to the Compeer Financial image.
• Monitors and uses discretionary marketing budget appropriately.

Loan Origination

• Originates loans by proactively seeking applications.
• Gathers income and verifies financials; determines appropriate loan programs and terms.
• Works with credit and processing teams to secure a credit decision and timely closing.
• Acts as a liaison between clients and Compeer Financial operations and certain third parties.

Client Relationships

• Maintains client relationships through frequent interactions and sales calls.
• Delivers value-added informational services and discusses loan programs and terms.
• Addresses client concerns throughout the process.

Industry Knowledge

• Builds and maintains an understanding of consumer lending practices and local market knowledge.
• Helps clients realize their financial hopes within the rural marketplace.

Community Involvement

• Maintains a professional presence in the local community and participates in related professional groups.

The Skills And Experience We Prefer You Have

• Bachelor’s degree in business administration, finance, agriculture or related field or equivalent experience.
• NMLS registration required.
• Understanding of mortgage processing, underwriting and closing procedures.
• Strong listening, written and verbal communication skills; ability to communicate at all levels.
• Interpersonal relationship skills and strong problem solving, decision making and organizational skills.
• Strong computer skills including Microsoft Office and CRM programs.
• Analytical skills with attention to detail and effective sales skills.
• Solid time management and ability to work independently and with teams.
• Valid driver’s license.

How We Will Take Care Of You

Our job titles may span multiple career levels. The actual title and base pay offered depends on factors such as training and experience. This role is eligible for variable compensation and other benefits. In addition, this role is eligible for a commission-based plan. Commission is uncapped and earned based on new loan volume per month (portfolio plus secondary market). A variable compensation component may vary year to year.

Base Pay: $46,400 - $51,500 USD

Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.

Job Details

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Finance and Sales

Location: Peoria, IL

Note: This job description is a refined version of the original posting for readability and clarity and preserves the essential responsibilities, qualifications, and benefits.