Commercial Loan Officer

3220 University Dr.
Auburn Hills, MI 48326, USA

243 W. Congress St.
Detroit, MI 48226, USA

The Commercial Loan Officer will interview business loan applicants, explain the different loan products and loan enhancement programs available and their requirements. The Commercial Loan Officer will obtain the pertinent financial information necessary to underwrite the request, conduct a preliminary analysis to determine if the application meets established minimum criteria, coordinate with processors and analysts for further processing and underwriting of the loan request, provide a written and verbal loan recommendation to the Business Loan Committee, manage the overall business loan portfolio, facilitate the applicant’s loan request throughout the process stages, and enhance the relationship with the business members and cultivate new loan opportunities.

Hybrid at Auburn Hills Regional Office with occasional visits to Congress Street/Downtown Detroit; 1-2 days onsite, remainder remote.

• 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
• Up to 26 days of PTO within first year, Volunteer Time Off & 11 Paid Holidays

• Grow portfolio through a Business Development Plan, calling on:
  • Current Members in person and phone conversations based on member relationship in proportion to the portfolio
  • Prospects by obtaining new business or referrals
  • Actively engaging in community activities
  • Actively participating in trade shows and other networking events
• Maintain knowledge of industry trends, products, and technology to broaden new business opportunities
• Monitor loan portfolio, maintain current financial statements, adhere to loan covenants/terms, minimize past due accounts and report to senior management potential issues proactively ensuring all loans are in compliance and properly documented

• Interview members for business loans at their place of business or by telephone, answer member questions, work with member to resolve problems and questions relating to their loan application and financial information.
• Makes personal visits and inspections to properties for collateral.
• Negotiates and executes on loan proposals.
• Works with the business services team to oversee ordering of appraisals, title searches, surveys, credit reports and arrangements for inspections, UCC filings, etc.; evaluates all information gathered and ensures underwriting has begun.
• Works with Business Credit Analyst to oversee the analysis of loan, provides additional detail about the borrower and evaluates final written loan presentation.
• Ensure sound analysis, lending procedures, and loan conditions and covenants are utilized, comply with credit union’s Business Lending policy.
• Ensure written correspondence with applicant (commitment letter, proposal or term sheet) is in agreement with signed loan approval, does not expose credit union to additional liability; correspondence must be reviewed with a more senior lender.
• Attends Business Loan Committee meeting, presents loans for approval, and provides recommendations.
• Approves loans within established lending authority, presents loans exceeding authority to management.
• Provides input and recommendations for lending interest rates to the Business Services Manager and Loan Committee.
• Coordinate collection efforts with the Adjustment department for delinquent business loans.
• Cross-sell other credit union products, as appropriate.
• Attends seminars and/or classes necessary to keep current on regulations and trends affecting economy or specific business sectors.
• Assist in monitoring the loan operations reception, answers general questions relating to the services offered.
• Participate in training activities within the department/branches/human resources, as well as training outside the department; such training helps to ensure staff compliance with Credit Union policies and state and federal regulations and laws.
• Perform other duties and assist other employees as assigned.

• Assists with annual loan policy review and provides input and recommendations for change.
• Assists with updating the Business Loan…