Commercial Loan Officer (CRE Loan Officer)

Title: CRE Loan Officer

Division: 2 - Real Estate Financing
Location: Corporate Office: 3756 Central Ave, Riverside, CA 92506
Job Type: Non-Exempt / Full-Time

Hourly Range: $34.00 - $59.00 per hour

About Provident Savings Bank

Founded in 1956 by Gordon Blunden, Provident Savings Bank was built on the vision of creating a lasting business that would serve the community for generations. Our mission is to empower and support our community by offering exceptional financial services with integrity and a personalized touch. We foster a positive, supportive work environment for our employees, providing opportunities for professional growth, competitive benefits, and a culture of respect and collaboration. By investing in our team, we ensure they can deliver the best service to our customers. Together, we focus on building enduring relationships, supporting local growth, and contributing to the overall prosperity of our community.

Overview:

Responsible for origination of commercial loan projects, which comply to bank underwriting guidelines; assists in the presentation of the loan project to Loan Committee; analyzes pertinent financial and credit data of all partners/parties to the commercial loan project. 

Reports to / Supervision Received

1. Manager: Commercial Sales Manager


2. Senior Manager: Senior Vice President, Chief Lending Officer

Essential Functions:

• Solicits and coordinates the closing of commercial loans; responsible for commercial loan business development and to act as the bank’s contact with commercial loan clients, brokers, and contractors.


• Will provide guidance to potential developers relating to partnership agreements, collateral, feasibility studies, and vacancy rate factors, if applicable.


• Provides service to prospective commercial loan customers and interview applicants to develop information concerning their needs, credit, stability, earnings, and potential income to the property to assist in determining whether the commercial loan package will be an acceptable risk.


• Obtains and analyzes pertinent financial and credit data on all partners involved in the project; will arrange for the appraisal of the property and/or feasibility study of bare land to be developed.


• Reviews commercial loan packages for completeness of documents and compliance with bank policy, regulatory requirements, and secondary market lending parameters.


• Responsible for notification of commercial loan applicant(s) of all requests, which do not conform to current lending guidelines.


• Will be responsible for maintaining a high level of working knowledge relating to all types of commercial loans, and will maintain all financial/loan data in confidence.


• Responsible for maintaining high level of job performance to meet and/or exceed the standard for the position in order to ensure achievement of the Department’s goals.

Supervisory Responsibility

This position does not generally supervise other staff members. 

Required Education and/or Experience

• Business degree; in lieu of completed degree, will accept completion of real estate finance, appraisal, and principles courses; or minimum of three years and/or commercial loan function.

Skills Required

• Strong working knowledge of lending procedures.


• Must deal effectively with loan customers, have a great deal of initiative and tact, and be fully aware of all equal credit/equal lending needs.


• The ability to communicate effectively, both verbally and in writing, with all levels within the organization, as well as with outside contacts.


• Must have good aptitude for numbers and detail.


• Keyboarding and computer skills are necessary, as well as strong organizational skills.


• Must have strong knowledge of Microsoft Word and Excel, as well as Outlook; must type 50 wpm.

Certificates, Licenses, Registrations

The Secure and Fair Enforcement for Mortgage Licensing Act (the SAFE Act) requires an employee of an agency-regulated institution who acts as a mortgage loan originator (MLO) to register with the Nationwide Mortgage Licensing System and Registry (Registry), obtain a unique identifier, and maintain this registration.

Must have a valid California driver’s license and carry current auto insurance that meets or exceeds the minimum requirements of the California DMV.