Construction Loan Officer jobs in Connecticut
Construction Loan Officer sources and structures construction loans. Performs a due diligence review of potential borrowers, including risk and financial analysis. Being a Construction Loan Officer analyzes applicants' credit and financial status and obtains property appraisals to determine the feasibility of granting loans. Develops relationships with builders and developers to obtain referrals and future lending opportunities. Additionally, Construction Loan Officer structures construction loan terms and conditions according to policies. Approves loans within authorized limits or refers them to a loan committee for approval. May disburse loan proceeds at designated project mile. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
Recently Added Construction Loan Officer jobs
Commercial Loan Officer
- New Silver
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West Hartford, CT
FULL_TIME
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Commercial Real Estate Loan Officer (Specializing in Construction and Fix and Flip Lending)
Location: Remote, available to any candidate who meets or exceeds criteria based in the US
Salary: On target earnings (base plus commission) of up to $200,000 annually depending on performance and experience
New Silver is a fintech company dedicated to improving local communities by providing fast, convenient, and flexible capital to real estate investors. Our mission is driven by data and technology, enabling us to deliver swift approvals and execution while delivering exceptional customer service throughout our clients' journey.
As a fully remote and globally located company, we prioritize innovation and encourage fresh ideas to achieve our goal of becoming the fastest lender in the US. At New Silver, we embrace the motto "Financing Outside the Box" and invite you to join our dynamic team in leading the charge for real estate investors into the future.
Position Overview:
We are seeking an experienced Commercial Real Estate Loan Officer who specializes in construction and fix and flip lending. As a Loan Officer, you will play a pivotal role in our lending operations, contributing to the growth of our business by originating and closing commercial real estate loans. Your expertise in construction and fix and flip lending will be crucial in assessing loan applications, explaining the New Silver value proposition, analyzing collateral, and structuring deals that align with our risk appetite. Additionally, your ability to provide exceptional customer service and build strong relationships with borrowers and partners will be key to your success in this role.
Responsibilities:- Originate and underwrite commercial real estate loans, specializing in construction and fix and flip lending with a targeted production of $5M in closed and funded loans per month
- Conduct thorough analysis of loan applications, applicant credential and investment history, credit reports, and other relevant documents to assess creditworthiness and determine loan eligibility
- Evaluate collateral properties to determine their market value, condition, and potential risks
- Structure loan transactions, including loan terms, interest rates, fees, and repayment schedules, while adhering to company policies and risk guidelines
- Collaborate with borrowers, real estate investors, brokers, and other stakeholders to gather necessary information, address inquiries, and provide guidance throughout the loan process
- Maintain a high level of customer service by proactively communicating with borrowers, providing regular updates on loan progress, and addressing any concerns or issues
- Manage a pipeline of loan applications, ensuring timely follow-up and adherence to closing timelines. Manage a high-touch role while remaining accountable to productivity metrics and KPIs
- Stay updated on industry trends, regulations, and market conditions related to commercial real estate lending, particularly in the hard money and private money space
- Contribute to the continuous improvement of loan origination processes, systems, and strategies to enhance efficiency and productivity
- Build and nurture relationships with potential borrowers, referral partners, and industry professionals to generate new business opportunities
- Bachelor's degree in finance, business administration, or a related field (or equivalent work experience)
- Minimum of 3 years of experience as a Commercial Real Estate Loan Officer, with a specialization in commercial or construction lending
- In-depth knowledge of commercial real estate lending principles, practices, and regulations
- Proven track record of successfully originating and closing hard money and private money loans
- Strong financial analysis and underwriting skills, with the ability to assess creditworthiness and collateral risks
- Excellent communication and interpersonal skills to effectively collaborate with borrowers, partners, and internal teams
- Ability to thrive in a fast-paced, remote work environment and adapt to changing priorities
- Self-motivated and driven to meet and exceed lending targets while maintaining quality standards
- Proficient in using loan origination systems, CRMs, and other relevant software
- Relevant certifications or licenses in real estate lending (e.g., NMLS) is a plus
- Work from home, flexible hours
- Be a key member of a small team
- Fast paced startup environment, global team
- Get together with your co-workers around the globe, with all expenses paid for
- Help real people succeed in business
- 100% health, dental and life insurance covered by employer
- 401K match
- Effort that delivers outcomes deserves to be rewarded
- Drive for growth
- Available and responsive
- Global team of self-starters
- Move fast, be nimble, stay humble and bend but don't break
- We are proud to help communities rebuild
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Fm08RKlLvZ - 9 Days Ago
Mortgage Loan Officer
- NexGoal
-
Stamford, CT
FULL_TIME
- Our Client’s Company Profile: Our client is a nationwide mortgage broker with over 50 years of mortgage expertise. With them, you'll be surrounded by leaders invested in your success and paired with a...
- Just Posted
Loan Officer Outside Sales
- Primary Residential Mortgage
-
Guilford, CT
FULL_TIME
- Position Purpose - Responsibilities/Duties/Functions/TasksThe main function of this position is to proactively solicit new residential mortgage clients, while developing and cultivating a strong busin...
- 11 Days Ago
Mortgage Loan Officer
- Uiba
-
Hartford, CT
FULL_TIME
- Company DescriptionWhat we do:We’re a recognized national leader in building communities. Every community begins with individuals and families coming together to create homes and start businesses. We ...
- 21 Days Ago
Loan Officer Outside Sales
- Primary Residential Branding
-
Guilford, CT
FULL_TIME
- Position Purpose - Responsibilities/Duties/Functions/Tasks The main function of this position is to proactively solicit new residential mortgage clients, while developing and cultivating a strong busi...
- 25 Days Ago
Mortgage Loan Officer Assistant - Bilingual
- Magnolia Bank
-
Norwalk, CT
FULL_TIME
- Magnolia Bank is a community bank that has served the surrounding area for over 100 years. Our footprint includes banking centers located in Central Kentucky, mortgage offices throughout the U.S. and ...
- 22 Days Ago
Construction Loan Officer jobs at Popular Companies
Capital Market Associate
- TSB Capital Advisors
-
Paoli, PA
- FIRM TSB Capital Advisors / TSB Realty ("TSB") is a real estate advisory firm built on strong client relationships and a...
- 6/11/2024 12:00:00 AM
Table Funding Mortgage Underwriter
- Wheeler Staffing Partners
-
Tampa, FL
- Wheeler Staffing Partners is seeking a highly skilled and experienced Table Funding Mortgage Underwriter to join our cli...
- 6/11/2024 12:00:00 AM
Loan Officer
- Northpointe Bank
-
- The POWER of a CAREER! Northpointe Bank is seeking a detail oriented, customer service minded individual to join our Ret...
- 6/11/2024 12:00:00 AM
Loan Officer
- Northpointe Bank
-
- The POWER of a CAREER! Northpointe Bank is seeking a detail oriented, customer service minded individual to join our Ret...
- 6/11/2024 12:00:00 AM
Vice President of Civil Engineering
- Main-Land Development Consultants, Inc.
-
Falmouth, ME
- VICE PRESIDENT OF ENGINEERING About the Position Designing infrastructure, grading sites, mitigating stormwater flows – ...
- 6/11/2024 12:00:00 AM
Credit Analyst
- Conventus
-
San Francisco, CA
- CONVENTUS MISSION AND VISION Conventus Holdings Corporation was envisioned and created to reduce the number of economic ...
- 6/11/2024 12:00:00 AM
AVP of Credit
- Renovo Financial
-
Chicago, IL
- Position: AVP; Credit Renovo Financial is a rapidly growing Chicago-based private lender serving real estate investors w...
- 6/11/2024 12:00:00 AM
Superintendent
- W. L. Butler
-
- Are you passionate about construction and ready to take the next step in your career? Look no further! W. L. Butler has ...
- 6/11/2024 12:00:00 AM
About Connecticut
Connecticut is bordered on the south by Long Island Sound, on the west by New York, on the north by Massachusetts, and on the east by Rhode Island. The state capital and fourth largest city is Hartford, and other major cities and towns (by population) include Bridgeport, New Haven, Stamford, Waterbury, Norwalk, Danbury, New Britain, Greenwich, and Bristol. Connecticut is slightly larger than the country of Montenegro. There are 169 incorporated towns in Connecticut.The highest peak in Connecticut is Bear Mountain in Salisbury in the northwest corner of the state. The highest point is just east...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Construction Loan Officer jobs
$94,447 to $161,256
Most Popular Cities in Connecticut for Construction Loan Officer Jobs
What does a Construction Loan Officer do?
Construction Loan Officer in Bremerton, WA
Terry first of all, how long have you been in the lender business, and how many years total in the construction lending side of things.
January 16, 2020
Construction Loan Officer in Lubbock, TX
Construction loans are commonly sought both by individuals desiring to build a new home and by businesses seeking financing for income producing properties, such as warehouses, shopping centers, apartment housing, offices, or showroom space.
January 18, 2020
Construction Loan Officer in Petersburg, VA
But how do you know if the lender who you're going with is experienced? Well, there are some questions that you can ask your home construction lender to know if they're an experienced home construction lender or not.
December 17, 2019