Credit Officer

Overview

Empowered to live. Inspired to work.
Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that promotes meaningful work and professional development, and offers a flexible hybrid work environment and excellent benefits to help you thrive personally and professionally.

• Hybrid model up to 50% work from home
• Flexible schedules including ample flexibility in the summer months
• Up to 9% towards 401(k) (3% fixed Compeer contribution plus up to 6% match)
• Medical, dental, vision, HSA/FSA, life & AD&D insurance, short‑term and long‑term disability, wellness program & EAP
• Vacation, sick leave, holidays/floating holidays, parental leave, volunteer paid time off
• Learning and development programs
• Cross‑functional committee opportunities (e.g., Inclusion Council, emerging professional groups)
• Professional membership/certification reimbursement and more

This position offers a hybrid work option up to 50% remote and is based out of the MN‑Lakeville, MN‑Rochester, IL‑Bloomington, or WI‑Sun Prairie office locations.

This position reviews complex loan requests submitted to the Credit Compeer Home team, documents the appropriate level of analysis required to make a credit decision, issues the proper loan conditions, and communicates with lending officers and credit/financial officers to ensure the best interests of Compeer Financial and the consumer. Also reviews and provides decisions on servicing actions.

• Analyzes and provides quality, accurate credit decisions for complex loan packages across all three Compeer Home mortgage products (Rura Living, Portfolio, Freddie Mac)
• Reviews and documents loan conditions and transactions to ensure compliance and credit guidelines are met
• Collaborates with Ag Lending to analyze complex farming operations with consumer loan requests
• Leads larger complex loan requests, may be required to interact directly with borrower, partner, or outside parties
• Reviews all documents needed for final approval
• Utilizes Freddie Mac automated underwriting tools such as evaluating loans through Loan Product Advisor and appraisal through the Uniform Collateral Data Portal if applicable
• Updates the Loan Origination System with all underwriting information
• Maintains the underwriting spreadsheet
• Serves as a resource for team members to assist with fielding questions
• Verifies the property is acceptable collateral for the loan program
• Reviews accuracy and opinion of market value on appraisals
• Reviews comps to determine if they are comparable and adequate with required marketability comments
• Verifies the property meets all program guidelines (adequate review and sales comparability)

• Provides product support (Freddie Mac, Rura Living, or Portfolio) for the Credit Compeer Home team and all of Compeer Home
• Reviews guidelines regularly and recommends changes to leadership and product experts
• Answers loan questions submitted to the Credit Compeer Home team from Compeer Home, banks, and Farm Credit partners

• Reviews submissions and determines if all required documentation is in the file
• Determines if collateral can be released and if proceeds need to be applied to the loan
• Determines if a co‑signer can be released of liability by reviewing documentation against loan guidelines
• Documents servicing request and underwriting criteria used to approve or deny the request
• Communicates decision with required conditions for approval

• Bachelor’s degree in accounting, finance, economics, agribusiness or related field OR equivalent experience
• Advanced level experience in consumer mortgage finance (underwriting, processing, operations, servicing, or lending)
• In‑depth knowledge of consumer lending, underwriting practices, compliance, regulations, and loan programs
• Strong accounting principles and credit administration
• Knowledge of agricultural businesses, production…