Real Estate Loan Officer

Pennsville National Bank; New Jersey; On-site; USD 65,000 - 95,000; Full time

Benefits offered by this job

Bonus potential

Health, dental, and 401(k)

Paid time off

Professional development opportunities

Job summary

Pennsville National Bank is seeking a Residential Loan Officer in Richwood, New Jersey to evaluate loan applications and explain lending options while ensuring regulatory compliance.

You will collect documentation, assess repayment capacity, and coordinate with the VP/Chief Lending Officer on approvals, while building relationships with local realtors and builders.

Qualifications

• Bachelor’s degree required.
• Three years lending or related field preferred.
• Three years Fannie Mae/Freddie Mac experience preferred.
• Required knowledge of loan compliance regulations.
• Required knowledge of loan underwriting functions.

Responsibilities

• Meets with and interviews clients to understand lending needs (mortgages, refinances, home equity).
• Explain loan types, terms, and conditions to clients throughout the process.
• Assist clients with mortgage applications and verify document accuracy.
• Review loan applications, gather credit histories, and assess repayment capacity.
• Make approval/denial recommendations to VP/Chief Lending Officer.
• Develops relationships with local realtors, developers, and builders to promote bank mortgages.
• Stay updated on banking policies, lending regulations, and industry trends.
• Promote additional financial products and assist customers with other lending products.

Skills

Interpersonal skills

Organizational skills

Loan product knowledge

Education

Bachelor’s degree

Tools

Microsoft Office Suite

LaserPro

Job description

Job Description

JobSummary

The Residential Loan Officer will work with individual clients to evaluate loan applications, explain available lending options, and ensure compliance with federal and state regulations. This role requires a mix of analytical skills, financial knowledge, and customer service expertise to ensure clients receive the best loan products suited to their financial situation.

Responsibilities

• Meets with and interviews potential and current clients to understand their lending needs including, but not limited to, first-time mortgages, refinance of existing loans, and home equity loans
• Explain loan types, terms, and conditions to clients and answer questions throughout the process
• Assists clients with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness
• Review loan applications, gather credit histories and reports, and assess applicant’s capacity to repay and default risk
• Based on predetermined requirements, makes approval or denial recommendations to VP/Chief Lending Officer
• Views or visits property for real estate purchase or refinance
• Develops and maintains contacts with local realtors, developers, and builders to promote and encourage the use of bank services for residential mortgages
• Stay updated on banking policies, lending regulations, and industry trends
• Promote additional financial products and services where suitable and assist customers as needed with personal, auto, and other lending products
• Performs other duties as assigned

Preferred Skills

• Excellent interpersonal and customer service skills
• Excellent organizational skills and attention to detail
• Thorough understanding of construction and conventional loans
• Proficient with Microsoft Office Suite or related software
• Proficient with LaserPro

Qualifications

• Bachelor’s degree required.
• Three years of prior experience in lending or related field preferred
• Three years Fannie Mae/Freddie Mac experience preferred
• Required knowledge of loan compliance regulations
• Required knowledge of loan underwriting functions

Benefits

• Competitive salary range: $65,000-$95,000 depending on experience and qualifications
• Potential bonus pay incentives
• Health, dental, and 401(k) enrollment options
• Paid time off and professional development opportunities

Work Environment

Office setting, primarily in Richwood, New Jersey, with occasional travel for building relationships with local realtors, developers, and builders in the Gloucester, Cumberland, and Salem County areas. Attend client mortgage closings and organization meetings as needed.

Equal Employment Opportunity Statement

We are an equal opportunity employer and value diversity. We do not discriminate based on race, religion, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Company Description

Pennsville National Bank-We Show Up!
Pennsville National Bank is a local financial institution that prides itself in knowing its customers. We’re proud to be independent and committed to our community, reinvesting in local businesses, local mortgages, and local people.

Since 1969, Pennsville National Bank has served the banking needs of South Jersey. No name changes, no takeovers by