VP - Commercial Loan Officer; Lawrence, MA or Bridgewater, MA

VP - Commercial Loan Officer (Lawrence, MA or Bridgewater, MA) Bright Bridge Credit Union provided pay range

This range is provided by Bright Bridge Credit Union. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

/yr -  /yr

Location:

Lawrence or Bridgewater, MA | Full-Time

Want to turn your expertise in commercial lending into a rewarding opportunity at Bright Bridge? As a VP Commercial Loan Officer, you are responsible for meeting annual goals for member business loans and deposit growth. Your primary focus is expanding the business lending portfolio through Commercial Real Estate financing and commercial and industrial lending across Bright Bridge’s field of membership. You serve as the main relationship contact for all member business loan requests and manage a portfolio of business relationships as the lead Relationship Manager.

• A collaborative team culture where your contributions matter
• Ongoing training and career development opportunities
• Competitive pay, benefits, and the chance to grow with a supportive organization
• The satisfaction of making a real difference in your community every day

• Answers general inquiries from members and prospective members concerning products, rates, loan requirements, and application process via telephone, branch office, business location or other meeting place as requested by the member/prospective member.
• Meets or exceeds sales goals by generating and maintaining external commercial loan business from various sources within assigned territory. Responsible for networking with MVCU members, prospective members, and centers of influence in order to develop and increase new commercial business for the Credit Union. Attends public functions including but not limited to Chamber of Commerce meetings and functions. Exhibits all products and services offered by MVCU to its members, whether commercial related or otherwise.
• Pre‑qualifies members and potential members to appropriate loan products based on individual/business profiles and credit needs. Analyzes application to determine documents required (tax returns, bank statements, etc.) to submit the loan application for processing and underwriting review, to determine recommendation on loan approval.
• Working in conjunction with VP, Commercial Lending Manager, develops and implements sales processes and techniques to grow commercial loans and deposits with existing and prospective members. Develops reporting for tracking selling processes and results. Mentors and supports other commercial lenders and business development officers for future advancement.
• Processes loan applications and other documents for submission to Underwriting in compliance with all applicable regulations and regulatory guidelines. Works as the primary contact for the borrower throughout the commercial loan process and thereafter as Relationship Manager. Works with Octant Business Services as the primary contact and liaison for the commercial loan in process to provide all details in regard to underwriting process.
• Originates applications in accordance with MVCU policy, compliance with banking laws and regulatory guidelines. As part of the origination process, responsibilities include: interviewing loan applicants to document income, debt, collateral, and credit history; requesting income and asset information, P&S agreements, and other required documents for verification; meeting with borrowers for the purpose of the prequalifying them for commercial loan financing.
• Reviews each business loan application and loan structure with the Commercial Lending Manager to determine the terms and conditions for the prospective borrower.
• Conveys to the applicant all loan terms, rates and fees, loan repayment options, and other credit terms. Corresponds with applicant as needed to answer questions, resolve issues, gather additional information, and support the business relationship.
• Provides friendly, accurate and timely service and support for members and credit union…