Small Business Administration Loan Officer Job Description

We are looking for an experienced and detail-oriented loan officer for our growing institution. In this role, you will act as a link between applicants and our financial institution, helping qualified applicants obtain loans and establish payment plans. Your responsibilities include meetings with applicants, preparing loan proposals, and reviewing active loans. The Washington Area Community Investment Fund (Wacif) is seeking a full-time Small Business Loan Officer to identify, acquire and expand credit opportunities in target markets, with a focus on loan financing and technical assistance to small businesses. The Small Business Loan Officer analyzes, structures and negotiates loan applications. In addition, the position works closely with Wacif`s existing clients and other key stakeholders to find solutions, effectively manage the loan process from loan to closing, and actively manage the borrower relationship throughout the loan term. Loan officers evaluate and authorize the approval of commercial, real estate or loan loans. They specialize in assessing the financial situation of a loan applicant. Tasks include updating account files and reviewing credit files. They work for commercial banks, mortgage companies or credit unions. We are looking for a loan officer to evaluate, approve or reject loan applications for individuals or businesses. They serve as a link between clients and our financial institution and help qualified applicants obtain loans in a timely manner.

The ideal candidate has experience in managing various types of loans, including home loans, commercial loans, and individual loans. To be successful in this role, you must demonstrate excellent communication and interpersonal skills. A loan officer works for banks, credit unions, independent lenders and mortgage companies to help applicants apply for loans. They ensure eligibility to make loans and assess a person`s creditworthiness based on their current history and finances before recommending their approval. A competitive salary that matches experience. Medical, dental, visual, life and disability coverage available. 401 (k) pension plan (matching contribution from the eligible employer); paid leave (increases with tenure), paid and sick leave, transportation and educational assistance benefits (professional development, tuition repayment and student loan repayment). The Washington Area Community Investment Fund (Wacif) promotes equity and opportunity in Washington, D.C. The region`s underserved communities by providing financial capital, business advisory services, and strategic network support to underinvested entrepreneurs. Since its inception in 1987, Wacif has deployed more than $50 million in capital, provided business consulting services to more than 3,500 entrepreneurs, and helped create or maintain more than 20,000 local jobs.

To learn more about Wacif`s work, visit www.wacif.org. A loan officer is a professional who processes loan applications and evaluates them to determine their relevance and relevance to ensure that nothing stands in the way of achieving business or personal objectives. The duties of a loan officer include reviewing, approving and recommending loans for approval. They meet with applicants to determine their creditworthiness before deciding whether or not to offer them a personal or business loan. They look at each application individually and look at the type/amounts a person or company can afford based on certain principles. Another important task of a loan officer is to stay up to date with credit regulations, the economy and market interest rates. A good loan officer is transparent with customers, has a pressure-free attitude, and has excellent communication skills. Loan officers have access to private, personal and confidential information; Therefore, it is important to practice active listening, empathy and impartiality. Interested candidates should send a resume, a thoughtful cover letter outlining how your skills and experience meet the qualifications of the position, and salary requirements by email to *secure email* with “Small Business Loan Officer” in the subject line. Wacif offers a flexible and hybrid work environment with the ability to work remotely.

Home » Get Involved » Careers » Small Business Loan Officer Wacif is an equal opportunity employer that welcomes candidates from diverse backgrounds. The loan officers with whom they work depend on the institution where they are employed. In one bank, for example, loan officers work with bank employees, auditors, branch managers and data processors.

Open chat
Need Help?
Hi there!

Welcome to OMNI-Tech website. Ask us anything, we replay immediately.