VP Regional Consumer Loan Officer

Job Location US-DE-Wilmington | US-Anywhere
Type
Regular Full-Time

Overview

Process, service and originate Institutional Banking loans sourced from the assigned territory/Regional BDO. Daily activities include underwriting and maintenance of IBLOC and SBLOC loans as well as production of new loans from existing relationships.

Responsibilities

Essential Functions

  1. Processes and documents both IBLOC and SBLOC loans. Enters the application in appropriate systems, orders credit bureau reports, OFAC searches, and address checks.
  2. Reviews insurance policies that will act as collateral for IBLOC loans, including analysis of ‘status pages’ and collection of missing documentation from insurance professionals and their clients.
  3. Reviews client investment portfolios for SBLOCs and work with collateral management team to determine eligible loan amounts using the company guidelines for investment assessments. Evaluates the credit risk associated with the current portfolio. Recommends additional amounts to the financial advisor if additional amounts are needed than the applicant qualifies for based on the existing asset allocation of the portfolio.
  4. Levers existing agent and advisor relationships to drive new business growth. Logs activity in Salesforce and maintain a pipeline of deals in process.
  5. Prepares loan documentation for consumer, commercial & trust registration types using various software including the Bank’s proprietary ‘Talea’ platform in accordance with loan approval and workflow. Prepares loan document packages to be distributed to borrowers for execution. Tracks and follows up as needed for return to encourage quicker turn times reported to management.
  6. Develops close working relationships with loan applicants and client financial advisors/agents, to effectively and efficiently manage issues associated with the loan application and closing processes. May contact applicants/advisors/agents to follow up on missing information, discrepancies, etc. and ensure a timely decision is made on the loan.
  7. Recommends loan disposition (approval or declination) in accordance with departmental and company guidelines and risk and compliance standards. Gather and present all documents for scheduled loan committee review as needed including asset statements and credit explanations.  Ensure loan packages are complete and support recommended positions.
  8. Prepares loan approvals in accordance with risk and compliance processes and procedures to minimize loss to the organization and make recommendations to the Manager for the final decision. Attain all appropriate approvals and signatures as needed for approved loans.
  9. Performs post-closing reviews of executed loan documents. Verifies documents have been executed, notarized, and dated correctly.  Tracks missing or incorrect information and follow up as needed to ensure receipt of items before closing the file. 
  10. Processes change in terms requests for existing loans. Reviews information provided, complete appropriate documentation, assess the loan against the established guidelines and forward a recommendation to management.
  11. Abides by all regulations: B, U, O, etc.
  12. Assists other team members with questions.
  13. Performs other duties as assigned.

Qualifications

Education/Experience Requirements

  • Undergraduate degree in a related field or an equivalent combination of training and experience.
  • Five years consumer lending or private banking experience.

Preferred Requirements

  • Strong working knowledge of internal and external consumer lending policies and regulations.
  • Strong working knowledge of investment markets and vehicles such as stocks, bonds, and money market accounts.
  • Excellent verbal, written, and interpersonal communication skills.
  • Team player able to work effectively in a team fostered environment.
  • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
  • Proficient with loan documentation software.

Employment with The Bancorp includes successfully passing a background check including credit, criminal, OFAC, education and past employment.

 

The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

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