Lending Officer

Position Overview:The Lending Team is responsible for converting applications into successfully funded loans. A such, the team must fully understand the loan products offered by Working Solutions and the conditions that are necessary for applicants to qualify successfully. The Lending Officer will be responsible for: (1) verifying required documents and packaging loan applications; (2) underwriting loan applications and providing timely feedback and recommendations; and (3) finalizing loans through a comprehensive closing process. Additionally, each Lending Officer also provides support with day-to-day operations of the Lending Team as needed.Key Duties:
• Review new applications and provide feedback and technical assistance to prospective borrowers.
• Analyze loan documents to verify eligibility.
• Perform credit analyses and determine repayment probability using risk management matrices.
• Analyze completed application packages, conduct due diligence and financial analysis, and... draft credit memoranda.
• Verify that documents in loan files?such as credit reports, loan applications, and financial statements?are complete, current, and accurate.
• Present loan recommendations to the Director of Lending, Chief Lending Officer, and/or Executive Team as needed.
• Prioritize and track the loan underwriting process in order to meet deadlines and ensure timely submission of loan packages for review.
• Prepare loan closing packages, schedule and facilitate loan closings, and work with applicants on loan documentation.
• Collect and analyze loan conditions and due diligence items from approved borrowers.
• Complete contingencies with clients prior to funding.
• Review all loan applications and disclosures for discrepancies and compliance with regulatory guidelines.
• Maintain electronic files in audit-ready condition for all borrowers.
• Provide general administrative support and ad hoc project support for the Lending Team.
• Support achievement of organizational and departmental goals and outcomes.
• Provide coverage and support for other Lending Officers and Associates as needed.
• Represent the Lending Team in the community, as needed.
Required Qualifications:
• Commitment to social justice with work experience in nonprofit or community development, microfinance, social enterprise, and/or small business or related work.
• Bachelor's degree from four-year college or university or 4+ years of related experience and training.
• Self-starter with the ability to work independently.
• Demonstrated experience in lending, finance, or credit underwriting.
• Excellent interpersonal skills and ability to work well with diverse constituents.
• Superior analytical and organizational skills and meticulous attention to detail.
• Demonstrated experience in customer service, especially in challenging situations; the ability to be simultaneously clear, firm, and supportive is crucial.
• Demonstrates sound judgment and effective decision-making.
• Experience with data entry and tracking outputs and outcomes through Customer Relationship Management (CRM) platforms is a plus

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