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0-5 years of experience
Specialty finance, working directly with our clients also generates new client revenue as well as grow existing relationships. Communicate directly with underwriters and managers to make sure your client transactions complete smoothly. Work directly with management to ensure client satisfaction and to make sure the firm is meeting all client needs.
- Ranked in the top 3 in loan volume.
- Improved follow up procedures which resulted in both increase in overall loan volumes and
- Increase personal loan production each month by 25% and maintained a consistent 35%
- Initiated promotional events and training classes, resulting in increased sales, brand
10+ years of experience
Oversaw company-wide commercial and consumer finance credit and accounts receivable portfolios, with a focus on minimizing financial risk and exposure related to client finance contracts. Approval authority up to $500K. Portfolio included loan and finance contacts with aggregate average balance of $275 million.
- Credit Risk Analysis: Developed and implemented a universal Credit Scoring Model utilizing a 10 point risk rating scale to boost risk analysis accuracy resulting in improved loss reserve provisioning.
- Credit Exposure Monitoring: Reduced turnover time of annual reviews increasing productivity and timeliness of credit decisions by 100% over prior levels.
- Credit Portfolio Management and Accounts Receivable Management: Achieved efficiencies within Credit department and Accounts Receivable department, building consistency with adherence to credit policies and procedures and collection practices and improving on collection delinquency goals.
0-5 years of experience
Completed loan write-ups and cash flow analysis on loans greater than $250K
- Handled all escrowed loans and performed annual escrow analysis
- Performed various reports and analysis for upper management – Microsoft Excel was used daily for preparing spreadsheets for loan officers.
- Assisted compliance department with Home Mortgage Disclosure Act
- Maintained and updated all credit files
- Analyzed credit reports and credit scores
0-5 years of experience
Mobilized single mothers and female heads of household and trained them in business, loan and savings management skills.
- Organized women into village banks/groups of 15 – 30 members; trained them in the village banking concept; and inaugurated over 45 village banks each year.
- Advocated for women’s economic empowerment at the local council level (village leadership), which resulted in their involvement in the management of the community’s local market and increased their marketing skills and participation in community leadership in the remote areas of the central and eastern regions of Uganda.
- Sensitized communities on the significance of supporting women’s economic empowerment.
- Prepared weekly, monthly, and yearly reports, which facilitated monitoring, and evaluation of the loan cycle.
0-5 years of experience
Senior Credit Officer for a $500 million portfolio within the Bank’s highly profitable Entertainment Division
- Managed deal structure, performed financial analysis, credit reviews, portfolio and regulatory compliance
- Effectively collaborated in business development efforts and client retention
- Mentored junior team members and provided general credit related support to the department
6-10 years of experience
Responsible for the implementation and monitoring of all policies relating to the extension of credit for this
$2.6 Billion community bank. Prudently exercised $2 million in lending authority and signed off on all loan
requests to be approved by the Internal Loan Committee and the Board of Directors. Reported directly to the
President and the Board of Directors on credit matters and in the administration of the Bank’s $1.7 billion loan
portfolio.
- Served on the Internal Loan Committee, the Asset and Liability Committee, the Risk Management
- Wrote and implemented new Allowances for Loan Loss Reserve methodology and Commercial Lending
- Worked with commercial lenders to structure loan transactions in accordance with policy.
- Responsible for hiring, training, and supervision of a team of 10 officers and 2 support staff.
- Maintained exceptional portfolio metrics for credit quality while growing the commercial loan portfolio from $500 million to $1.2 billion.
6-10 years of experience
- Conducted complex analysis for compliance with federal regulations and bank policies to ascertain allow-ability
- Calculated financial default on 200 customers by using financial modeling to assess financial risk
- Acted as an administrator by sending out financial figures after synthesizing figures from W-2 forms and paycheck stubs
- Reviewed financial statements, paycheck stubs, and analyzed third party credit reports in order to asses risk and credit worthiness and helped achieved more than $250,000 every quarter in credit approvals
- Guided more than 300 clients in the achievement of their personal and business goals using applicable financial products that helped me achieved number five producer in the region for checking and savings, credit and personal loans, CDs, IRAs, mortgage servicer, insurance, mutual funds and stocks.
0-5 years of experience
Promoted to this newly created credit risk position to manage the credit worthiness of major, long-term, highly complex agreements secured through [company name] Global Services (IGS), the company’s largest business unit, with $56 billion in annual revenue. Established the credit policy for the IGS and held credit approval authority for transactions of up to $250 million for stronger customers. Managed one Credit Analyst.
- Conducted numerous presentations for top executives to heighten awareness of potential client credit risks, compounded by the 2008/2009 credit crisis.
- Developed and implemented a number of new innovations, which included a simplified credit approval process for creditworthy clients, a tool that enabled salespeople to access credit-rating information, and a new scoring methodology for non-financed transactions that increased automatic approvals by 5%.
- One of very few non-sales professionals to receive Best of [company name] Award for outstanding performance and contributions.
10+ years of experience
Decision loan requests for businesses and professional corporations with annual revenues of $1M to $100M. Provide customized credit solutions for emerging and high net worth individuals. Oversee analysis of loan requests prepared by credit underwriters. Work with relationship managers and clients on appropriate structuring of loan requests. Meet with clients to discuss financing terms. Work with outside counsel on the preparation of loan documentation. Determine the appropriate risk ratings of loans using a two dimensional risk rating system. Ensure that credit policy is being adhered to and that exceptions to policy are properly mitigated.
- Assist in Sales Team’s achievement of revenue growth by actively participating in client calling efforts, suggesting alternative financing methods to fit client needs, and providing timely turnaround on credit requests.
- Achieve minimal loan losses on approved loans by ensuring that loans are properly underwritten and comply with Bank policies.
- Track record of properly identifying problem credits and ensuring all relationships are properly risk rated.
- Consistently rank in upper quartile in credit quality statistics of loans underwritten & approved.
- Maintain portfolios within desired risk tolerance limits even through difficult economic periods.
- Developed a new underwriting template for use by Private Banking underwriters.
- Successfully developed a Private Banking underwriter who was ultimately awarded lending authority.
0-5 years of experience
Compiled, underwrote, presented, and closed loan packages by interviewing
borrowers and performing complete analysis of the borrowers’ financials, credit, and collateral evaluations.
- Explained to customers the different types of loans and credit options that are
- Reviewed and updated credit files in order to track compliance with various loan
- Handled customer inquiries and requests and took appropriate steps to satisfy
- Made site visits when appropriate.
- Assisted Chief Loan Officer and Chief Credit Officer in their duties.
0-5 years of experience
Head of the [company name] with the direct
responsible for the growth of loans outstanding while maintaining
asset quality.
- Actively involved in every aspect of the lending program.
- Held 30 day loan delinquencies to just under 2% of total loans outstanding.
- Established all new lending policies, procedures and operating guidelines to insure asset quality.
0-5 years of experience
- Responsible for credit decisions made by 15+ underwriter’s on over $165M in originations per month
- As National Credit Officer provided SME assistance to IndyMac wholesale underwriting staff (100+) regarding loan guidelines, and suggested potential alternative products for loan restructuring
- Performed analysis on 60in6 and 90in12 populations to detect loan fraud schemes, compiled findings and distributed potential red flags to wholesale underwriting staff
- Experienced in multiple automated underwriting systems, including DO and DU
- Performed relief assignments in poor performing regions to introduce best underwriting practices
- Focus on staff development and streamlining the work flow process led to both a 3 day improvement in turn times, and improved efficiency from <80% of goal to nearly 110% of goal as a staff
- Created prime and subprime UW teams resulting in fewer QA audit findings and increased efficiency as underwriter’s focused solely on the guidelines pertaining to their team
- Identified talent within our office and created an underwriter training program that allowed us to backfill open UW positions internally, resulting in less ramp-up time and leveraging existing systems knowledge
0-5 years of experience
Responsible for assisting with the management of the Commercial loan portfolio exceeding $30M.
- Develops and analyzes various types of credit information pertaining to diverse types of loans; prepares credit reports, maintains control over standings of current accounts, furnish information relative to credit inquiries.
- Develops credit information for use by lending officers or committees in the making of lending decisions on new, renewal and extension loans.
- Reviews and analyses all pertinent credit and financial information including reporting services, credit bureaus, other companies, main office files, and branches
- Determines the need for more thorough investigation or additional information.
- Analyzes information statements and related material.
- Prepares summary, presents facts and offers opinions concerning credit-worthiness.
10+ years of experience
Responsible for the management and supervision of 5 employees in the credit administration and operations area.
- Prepare all Monthly, quarterly management/board of director reports.
- Monitor and analyze banks security/investment portfolio preventing losses.
- Maintain loan portfolio clean, direct handling of problems arising with loan officers and upper management.
- Assure the proper controls and maintenance of all loan files, documentation and collateral valuation are adhered to.
- Provide general credit support and information including Draft Watch Loan Reports for customers considered to be at greater risk for default, prepare periodic reviews and risk rating change forms, assist in the completion of various internal tracking reports.
- Work closely with RM’s to maintain at a very minimum percent past due accounts and collecting payments from clients if necessary.
0-5 years of experience
Coordinate loan processing procedures with loan officers and bank clients to insure smooth transition to closing of transactions.
- Support sales and underwriting on difficult and /or exception transactions.
- Maintain monthly performance measurements for first mortgage suspense, compliance/regulatory and customer satisfaction
- Pre-underwrite and review customer documents and clear condition commensurate with authority level.
- Guarantee on time closing by completing all required pre-closing steps; making cash to close call and handing file off to closer within required performance standards.
- Exceed customer expectations by providing highest level of customer service.
0-5 years of experience
Performed all required credit underwriting and analysis functions related to transactions directly originated for its middle market portfolio.
- Performed customer due diligence visits on regular basis.
- Assisted Legal and Sales departments in transaction structuring and documentation to ensure compliance with underwriting.
- Assist in the managing and training of junior credit analysts.
- Worked closely with Portfolio department on underperforming accounts, problem relationships, and work-out loans.
0-5 years of experience
Approved loans within specified limits, and refer loan applications outside those limits to management for approval
- Met with applicants to obtain information for loan applications and to answer questions about the process.
- Analyzed applicants’ financial status, credit, and property evaluations to determine feasibility of granting loans.
- Explained to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Obtained and compile copies of loan applicants’ credit histories, corporate financial statements, and other financial information.
- Reviewed and update credit and loan files.
0-5 years of experience
Responsible for Credit Administration of commercial loan portfolio of $2 Billion. Included direct supervision of Credit Analysis Department, Documentation and Special Assets area.
- Chairman of Credit Quality and Watchlist committees.
- Consolidated 10 banks into one unified organization including centralizing underwriting, analysis and documentation.
- Had active responsibility for one of the banks as Acting CEO.
- Direct responsibility for growth of loan portfolio from $1.8 Billion to $3.7 Billion.
6-10 years of experience
- Managed a portfolio of approximately 2,000 public and private companies, including Fortune 500 companies, with annual factored volume in excess of 64.0 million.
- Assess credit worthiness for large portfolio of Retail Apparel, Wholesale and General Products commercial accounts seeking credit lines up to one million dollars through ratio analysis, trend analysis, cash flow analysis and covenant verification.
- Underwrote unsecured credit lines and prepared annual or semi-annual committee reports for management by analyzing 10-K and 10-Q SEC filings or private company accountant reviewed financial statements and if necessary, discussed business operations with principal owners.
- Assisted collections department by communicating with customers possessing delinquent invoices, determined the severity of their past due situation, and took necessary precautions to prevent future credit losses.
- Ensure that accounts are kept current by maintaining and developing relationships
0-5 years of experience
Analyze and review credit proposals for line approval and support Private Client Lending team with underwriting.
- Perform security analysis, collateral research, collateral liquidation scenario analysis and other collateral research needed for various complex transactions.
- Promote banking business to Private Bankers (i.e., written, oral and in person, when appropriate), with an emphasis on training and educating on the use of credit products and platforms used in our lending vehicles.
- Assist International Private Bankers with daily workflow, inquiries, and identification and resolution of potential problems.
- Provide credit and financial analysis to support transactions.
- Lead system conversion, responsible for cross-training and developing staff.
0-5 years of experience
- Assessed the credit risk and viability of potential and existing client as well as established their credit limit.
- Analyzed customer financial statements pertaining to an annual credit review or application
- Worked jointly with Underwriters to initiate credit facility proposals and approvals after performing Data Quality validation
- Point person for any global data remediation projects
0-5 years of experience
Manage, underwrite, analyze, and monitor assigned Commercial Banking relationships and Underwrite new Commercial Banking Client opportunities for the West Region [company name] Commercial Banking group.
- Manage assigned Commercial Banking relationships for Annual Reviews, line increases, portfolio management, early problem recognition, financial performance, and credit analysis.
- Underwrite new credit opportunities including Lines of Credit, Term Loans, Commercial Real Estate, Borrowing Base and Depository accounts.
- Obtained Credit Initial within 1st year with [company name].
- Attended and successfully graduated from intensive 10 week credit college program.
- Establish strong relationships with all assigned Commercial Banking clients West Region.
- Work with sales team very closely to establish and manage Commercial Banking relationships and opportunities.
0-5 years of experience
Provides efficient and smooth operation of the Chairman’s office and executive administrative support for the Chief Credit Officer
- Scouts venues for Board of Directors meetings; liaises with 8 Board of Director’s assistants and coordinates board dinners
- Prepares materials and agendas for Board of Directors meetings and schedules the conference calls and one on one meetings with the Chairman
- Coordinates offsite Leadership Team Meetings, calendar, travel, internal meetings and schedule arrangements for the Chairman,
- Initiates contact and secures appointments, equipment and facilities as needed; handles personal duties and family travel arrangements
- Attends risk management meetings for credit dept., manages compliance efforts by preparing company-wide correspondence and spreadsheets
0-5 years of experience
Recruited as a member of turnaround management team.
- Responsible for underwriting and approval of credits for all commercial banking.
- Implemented a new credit underwriting and loan approval process.
- Conducted negotiations and structured workout plans for problem loans.
0-5 years of experience
- Underwrite to make sound credit decisions on exposure from $25M to $350M.
- Develop customer relationships to obtain financial statements and banking information.
- Update credit files ensuring current and accurate information
- Assist collection department with delinquent accounts.
- Adhere to corporate rules of compliance as set forth by Corporate Compliance Department. 
0-5 years of experience
Review, analyze and edit credit applications from the public utility, energy, oil and gas sector. In addition review applications from various other business departments and sectors (real estate, corporate and project finance with a total portfolio size of $9Bn) to determine creditworthiness of clients and determine appropriate grading and return given assumed risk and prevent potential credit loss.
- Request, gather and analyze information and update necessary systems in accordance with credit policies and procedures.
- Advise marketing officers on specific credit requests and credit related matters.
- Make preliminary credit recommendation to senior credit officers and management.
- Conduct periodic reviews on borrowers and industries.
0-5 years of experience
Analyze applicants’ financial status, credit and security evaluation to determine feasibility of loan request.
- Review credit requests within assigned authority and prepare underwriting analysis and credit offering memo.
- Approve loans within specified limits and refer loan applications outside those limits to management for approval.
- Review credit overrides from financial centers and private client groups for consumer loans, residential mortgages, credit cards and business revolving lines of credit.
- Review loan agreements to ensure that they are complete and accurate according to policy.
0-5 years of experience
Compare liquidity and profitability of companies within the retail and wholesale industries seeking and actively receiving credit terms.
- Compile reports regarding finance and credit data.
- Review credit files to identify and select delinquent accounts for collections
- Conduct collection calls to collect Accounts Receivables.
- Complete accurate cash flow analysis, collateral analysis, company credit review, risk rating, pricing and covenants and guarantor analysis within the scope of credit presentation.
- Maintain all credit files in exemplary format.
- Identify areas of concern within credit presentation and gather additional information.
0-5 years of experience
Currently monitoring production, hit ratios, renewal retention ratios spread of risks and other production and quality measures.
- Prepared Pro-Forma and P&L reports for existing and prospect clients.
- Develops and maintains financial reporting databases and models/templates to ensure that they are accurate and are most current to meet the reporting standards and needs of the Financial Institution.
- Review business financial statements; perform market analysis, forecasts and projections.
- Coach, mentor and train junior analyst.
- Performs specific ad hoc reports per requested by President, Chief Credit officer and Senior Vice President.
0-5 years of experience
Undertake credit risk assessment of commercial business loan requests by interacting with sales lending unit and evaluating risk ratings (Probability of Default and Loss Given Default)
- Advise on deal terms and structures
- Prepare risk memos identifying key risks factors, and making recommendations on deals
- Present credit assessment and recommendations before the Credit Committee
- Evaluate risk ratings (PD and LGD) as part of risk assessments
0-5 years of experience
Manage the day to day operations of the Credit Department and the Credit Support Department.
- Structure loan requests from 5 seasoned commercial lending officers covering the Tri-State area for business lines of credit, term loans and commercial real estate mortgages in accordance with Bank policy (lending standards, pricing requirements, etc.) and signed off on all initial term sheets issued.
- Manage 5 underwriters, closely monitoring flow and underwriting progress of each deal. Coordinate with lending officers on deal timing and borrower expectations.
- Review all approval memorandums prepared by underwriters, signing approval up to $5 million.
- Work closely with outside legal counsel on loan documentation negotiations and signed off on all commitment letters and loan documents.
- Responsible for the review and approval of annual loan reviews on existing portfolio, proactively identifying loans with potential risk to the Bank.
- Member of Credit Risk Management Committee and Criticized Asset Committee.
- Manage the Credit Support Department with a staff of 3, to ensure that all required financial reporting is received on a timely basis, updating databases, spreading financial statements and verifying that covenants are in compliance with documentation.
0-5 years of experience
Oversee credit underwriting and loan structuring, portfolio monitoring, and risk rating assessment for commercial borrowers. Manage the loan origination process from initial opportunity review to boarding through collaborating with loan coordinators, credit analysts, relationship managers, and legal counsel. Verify and monitor risk ratings utilizing real-time methodology.
- Proactively manage and support the loan renewal process by determining credit analyst account assignments, preparation of loan approval documents, and renewal recommendations
- Train and develop credit analysts in order to develop timely delivery of credit products and provide monitoring of the financial condition of borrowers
- Collaborate with Relationship Managers to screen loans and determine acceptable structures while reviewing borrower profiles
- Collaborate with attorneys to review documents, covenant definitions, approval compliance and establish loan monitoring and control procedures
0-5 years of experience
Finding new customers and convince them to take loan from our bank
- Ensuring individual customers are providing their monthly installment as per agreement of the bank to their loan.
- Organizing groups and providing group loans to customers
- Make follow up to group customers to ensure they provide collect information.
- Making sure all group customers are attending the center and provide their weekly or monthly collection.
0-5 years of experience
Examine an account in terms of debt to define the best course of action taking in to consideration the monetary outlay for both the client and the company
- Action accounts in the appropriate manner and follow up on actions after the appropriate time period has elapsed.
- Collect accounts in full or any variations of payment able to be obtained by negotiation to ensure all actions taken and recommendations made.
- Respond promptly to any queries or disputes a debtor may have and listen to customer’s objection and work with customer’s to overcome them.
- Awareness and application of client guidelines and procedures for processing hardship request and use all applicable resources to obtain a complete profile of a customer. Maintain and update all relevant information to ensure the accuracy and objectivity of all information.
0-5 years of experience
Received regulatory approval to be a senior executive officer of the bank.
- Responsible for providing support, direction, credit information, and developing loan policies and procedures to ensure the overall quality of the bank’s loan portfolio.
- Manage and oversee the bank’s credit administration functions including loan review, underwriting, and loan support departments.
- Provide quarterly analysis of the bank’s allowance for loan and lease losses for board approval.
- Prepare written analysis on large loans and identify problem loans and appropriately grade the portfolio to identify risks associated with the portfolio.
- Prepare periodic reports for the bank’s Board of Directors.
- Provide analysis and management of the bank’s portfolio to effectively manage inherent risks in the portfolio related to concentrations, past due loans, and credit quality.
- Provide direction and oversight to the bank’s loan officers and lending personnel.
0-5 years of experience
Underwrite and approve Business Banking loan requests up to $250,000.
- Gather and analyze all financial and business information to determine credit risk for loans, including
- Provide advice to Business Bankers, Branch Managers, and Business Banking Specialists based on review and analysis of application data.
- Obtain information regarding personal guarantee of business credit requests and communicate credit
0-5 years of experience
- Portfolio management and ongoing risk assessment of four bank portfolios with a combined
- Underwrite commercial line of credits ranging from $100M – $1MM and determine appropriate risk rating, creditworthiness and bank profitability.
- Underwrite owner-user real estate loans and evaluate the strength of the business by determining its debt service capacity, frequently utilizing global cash flow method.
- Underwrite investor real estate loans and analyze tax returns, rent roll and operating statement and evaluate the strength of the primary and secondary source of repayment.
- Underwrite personal lines of credit and determine if the borrower’s debt to income ratio is conforming to bank guidelines.
- Evaluate and determine proper risk rating for credits which have been rehabilitated from Special Assets Department and are returning to line unit.
- Perform credit risk assessment, cash flow analysis and financial statement review and define if credit is in compliance with bank policies for quarterly substandard loans.
- Review analyst spreads and provide guidance and feedback of analysis.
6-10 years of experience
- Responsible for performing loss mitigation and recovery activities regarding delinquent accounts in accordance with Bank and legal guidelines
- Perform collection activities for multiple products, utilizing various systems and methods
- Perform a variety of routine daily tasks; review reports, prepare correspondence
- Interface with sales representatives, repossession agents, management and customers
0-5 years of experience
Preparing credit memos for approval for Executive Loan Committee,
including credit analysis, commentary, and summary
- Communicate via meetings, phone and email with Presidents, Executive Officers, Loan Officers, and other staff
- Creating and organizing numerous loan/credit analysis reports
- Extensive work in Microsoft Office and Excel
- Reporting to the President regarding multiple monthly reports
0-5 years of experience
Evaluating loan applications and documentation by confirming credit worthiness
- Carry out detailed assessment on loan applicants
- Prepare appraisal reports for consideration by the Credit Committee
- Maintains customer confidence by keeping loan information confidential
- Ensure that recoveries are done on a timely basis
- Prepare quarterly and annual reports on performance of the portfolio
- Foster and maintain business relationships with clients, and other stakeholders
- Follow up on loan defaulters
- Perform any other duties as may be assigned from time to time
6-10 years of experience
- Completed [company name]’s comprehensive commercial credit training.
- Underwrite commercial credit requests from customers from various industries.
- Work with sales managers to structure credit requests and negotiate terms and conditions to meet customers’ financing needs while sufficiently minimizing credit risks.
- Work with internal team and external attorneys to ensure proper loan documentation and closing.
- Monitor credit facilities, including covenants, borrowing bases and reporting requirements.
0-5 years of experience
Analyze financial statements/tax returns for the extension of credits to new clients, increase exposure to existing customers and manage a $110.0 million loan portfolio which consists of revolving lines of credit, term loans and commercial mortgages to businesses and non-profit entities. Revenues for the borrowing entities range from $1.0 million to $30.0 million and facilities/loans range from $500,000 to $10.0 million. The management of the portfolio includes annual reviews for existing clients with committed/uncommitted lines of credit and owner occupied commercial mortgages.
- Prepare detail financial analysis of businesses with emphasis on operating trends and ratio analysis in determining the nature of financial condition. The analysis of financial statements and or tax returns for business entities are for the for the purpose of annual reviews of committed revolving lines of credit facilities or uncommitted demand facilities based primarily on the strength of the balance sheet, term and commercial real estate loans based on analysis of projections and traditional business and global cash flow to determine repayment ability.
- Monitor existing borrowers for tracking compliance with financial covenants as outlined in the Loan Agreement and bank credit policy.
- Building an understanding of bank products and services in order to recommend and provide the right product to our clients.
- Analyze corporate and personal financial statements as well as individual and corporate tax returns to assess the financial strength of corporate and personal guarantors.
- Meet with existing and prospective borrowers along with the Relationship Manager prior to underwriting of business and commercial real estate loan requests.
- Provide information at Bank’s criticized/classified credit meetings.
- Familiarize myself with bank’s credit policies, practices and regulatory policies to assist the team in achieving compliance with the aforementioned with the goal of having satisfactory ratings both from internal and external auditors’ as well regulatory agencies.
- Continually providing input on ways to streamline processes and procedures in order to save time and costs.
- Monitor Early Warning reports as a means of early problem recognition.
0-5 years of experience
Commercial Loan Underwriter for commercial investment real estate group with $1 million Individual Lending Authority. Underwrite commercial loans investment real estate deals with loan exposure up to $3 million, to assess risk, set structure, pricing & negotiate new and renewal credit facilities for Business Banking, Commercial and Industrial Banking, and Wealth clients while adhering the Bank’s credit policies to ensure sound credit quality. Coordinate team efforts, from underwriting to documentation/closing to ensure a smooth process for the customer.
- Effectively partner with sales leadership to achieve segment related production and profitability goals while managing risk parameters. Able to underwrite risk while recognizing the need for a balance of loan and deposit/fee growth, profitability and customer retentions while gaining line support for credit quality goals.
- Mentor less experienced Credit Officers and Underwriters to answer questions and do second level review of their underwriting analysis for accuracy and adherence to Credit Policy.
- Top producing underwriter in terms of number of loans underwritten and overall dollar volume while still maintaining loan quality.
Credit Officer Duties and Responsibilities
The loan process is involved. We researched credit officer job descriptions to procure the following list of core responsibilities to expect in this position:
Meet with Applicants to Determine Loan Needs Credit officers spend a good amount of their day in meetings with applicants. The exploratory meeting involves building rapport with the applicant and finding out the reason for needing a loan.
Gather Loan Information Based on Specific Loan Needs Once credit officers establish the needs of the applicant, they gather the various personal and financial information necessary to see if the applicant qualifies for a loan.
Analyze and Verify Applicant Financial Information Credit officers use their keen attention to detail and knowledge of the loans they offer to analyze applicant financial information and determine the most likely path to success.
Explain Different Loan Options Available to Applicants Credit officers use their analysis to offer loans for which the applicant has a realistic chance of approval.
Present Approval and Rejection Decisions to Management Senior credit officers may have the authority to make underwriting decisions, but most have to present their approval and rejection decisions to their manager for financial approval. This decision is sometimes made with the aid of underwriting software. If rejected, credit officers make suggestions to applicants to help them get approved next time. If approved, they explain the final terms and conditions of the loan to the applicant.
Ensure Loan Terms Comply with Government Regulations There are many state and federal regulations that govern most types of loans. It is the responsibility of the credit officer to make sure a loan complies with the regulations.
Credit Officer Skills
Credit officers combine financial acumen with sales and communication skills to succeed at their position. They are experts in the types of loans they offer and know every detail of the loan application process and the regulations with which they must comply. Credit officers also possess expertise in general financial health. While their ultimate goal is to generate as much revenue for their employer as possible, they have to recognize when an applicant does not have the financial health to take on the loan they’re requesting. One of the most important traits for a credit officer is a strong attention to detail. The loan application process is often complex, and it depends upon information being 100-percent accurate. In addition, the following skills are necessary for obtaining employment as a credit officer:
- Building rapport with applicants to assess factors that may affect their financial health
- Interviewing clients to extract the necessary information for the loan application
- Triple-checking application information to ensure accuracy
- Explaining different loan options to applicants based on the application analysis
Credit Officer Education and Training
Most employers prefer credit officers who have a bachelor’s degree in finance, economics or a related field. Coursework covers the principles of finance, financial analysis, loan analysis, underwriting, and similar topics. Commercial and mortgage credit officers have to be licensed by their state of employment, which involves an exam and continuing professional development requirements. Licensure terms vary by state.
Credit Officer Salary
According to Glassdoor, the national average salary for credit officers is $66,282. Those at the high end of the scale make $97,000, while those at the low end of the scale make $44,000.
Credit Officer Resources
The following list of resources was procured for credit officers who want to advance their career in the credit and finance industry:
National Association of Credit Management – Founded in 1896, The National Association of Credit Management has been serving financial and credit professionals for more than a century. Its website has a vast number of educational resources for members, which include online self-study courses and courses designed specifically for their different certifications.
Mortgage Bankers Association – This is a great organization for credit officers who want to specialize in mortgages. It offers both in-person and digital seminars.
Loan Officer Hub – This blog is run by people with loan experience and is updated often with articles relevant to credit officers.
Advanced Mortgage Loan Officer Business Development Practices – This book goes through advanced strategies for credit officers who specialize in mortgages. It’s a great read for those further along in their career.
Loan Officer Revolution – The author of this book has years of experience as a credit officer; his focus is on helping fellow credit officers improve their business relationships.
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Last edited by: Gabriela Barcenas, CPRW, Content Writer II -
Gabriela Barcenas
CPRW, Content Writer IIGabriela is a Certified Professional Resume Writer (CPRW) and career adviser. With 10 years of digital media experience and five years of resume writing expertise, her publication history includes fashion, education, travel, social justice, equitable design and career advice.
