Description

FreedomBank has full-service locations in the northeast Iowa communities of Elkader, Monona, Postville, Waukon & Decorah. The local economy is driven by robust agriculture and tourism. We offer excellent benefits and the opportunity to own a piece of FreedomBank through the Employee Stock Ownership Plan (ESOP).

We are currently seeking a Residential Loan Officer to join our team! We are accepting applicants for a Residential Loan Officer in our Monona location. The ideal candidate will have the ability to represent the bank in a positive manner in the community, as well as the ability to market a variety of loan products such as agriculture, commercial, installment and/or mortgage loans.

DUTIES/RESPONSIBILITIES:

• Develop favorable credit relations with loan customers and promote other banking services.
• Coordinate the entire lending process from taking an application, approval, or denial, developing and maintain proper documentation; and securing and closing the loan all in accordance with the bank’s loan policies and regulatory guidance.
• Prepare commitment letters.
• Make customer contacts, if necessary, for loan collection. Work out solutions in the best interest of the bank for problem loans including past due and non-performing loans.
• Stay current with new laws, regulations and regulatory guidance that influence lending within the financial institution and make recommendations to management when necessary.
• Be familiar with and operate within the guidance of the banks loan policy and procedures and will also comply with all other thank policies, including BSA, Compliance, and CIP.
• As a Mortgage Loan Originator (MLO) employed by FreedomBank, you will register with the Nationwide Mortgage Licensing System and Registry and will maintain and renew your registration in the system annually during the renewal period. Only registered individuals are permitted to provide services of an MLO. Employees are required to familiarize themselves with FreedomBank’s Safe Act Policy and procedures.
• Operate within secured and unsecured personal lending limits as set in the FreedomBank Loan Policy.
• Develop new customer prospects and business for the financial institution.
• Maintain and enhance information based on local and national economics, as well as other concerns that would impact the financial institutions lending activities.

REQUIRED SKILLS/ABILITIES:

• Excellent verbal and written communication skills.
• Excellent math skills.
• Trustworthiness and the ability to act with integrity.
• Thorough understanding of customer service.

EDUCATION/EXPERIENCE:

• Residential Lending Experience.
• Bachelor’s Degree (or equivalent work experience) with a major in business, finance, or agriculture is preferred.
• Proven business development/sales experience.

PHYSICAL REQUIREMENTS:

• Must be able to lift up to 30 pounds at a time.
• May need to sit or stand for long periods of time.

This company practices equal employment opportunity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. MEMBER FDIC