We are growing and are seeking a Mortgage Loan Officer (MLO) for our Princeton, MN Branch. This individual proactively solicits new residential mortgage business and sells Sherburne State Bank mortgage products to meet established loan quality and production goals.

MLO’s continually identifies, develops and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities. A MLO’s network may consist of real estate professionals, builders, professional and personal contacts, as well as other valuable referral sources, and is enhanced by the mortgage loan officer’s regular participation in business related development opportunities & community efforts.

The MLO responds to customer inquiries and referrals that are generated from both their own contacts and from other Sherburne State Bank business channels. The MLO conducts interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advise customers of product/pricing policies and guidelines, and gather any additional required information. The MLO ensures exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with all Federal and State compliance policies and adhering to HMDA & TRID requirements.

Key Duties & Responsibilities

• Source and develop loans for all aspects of our market including but not limited to: Secondary Market, HELOC, residential real estate, and new construction.
• Analyze applicants’ financial status, credit, and property evaluations to determine feasibility of granting loans.
• Work with loan team to ensure that all pertinent account documentation is complete and accurate and that all collateral has been properly secured.
• Negotiate terms, structure loan financing based on risk considerations and present credits for approval to appropriate levels of authority with the bank in accordance with bank procedures.
• Complete necessary credit investigations on each loan application as appropriate for keeping credit files current for the duration of the loan.
• Analyze potential loan markets and develop referral networks to locate prospects for loans.
• Support the bank’s strong relationship banking culture through on-going customer contact, quality customer service, and superior product knowledge.
• Our people make the difference, and we put relationships first.
• Build and maintain positive relations with business referral sources, customers, potential customers and co-workers.
• Perform as a team member in allocating and coordinating the work flow.
• Contribute to the fulfillment of department and company objectives and goals.
• Meets expectations for attendance and punctuality.
• Comply with all department and company policies, procedures and regulations.
• Perform other related work and duties as assigned.

Knowledge, Skills & Abilities

• Excellent customer service skills, attentiveness, and information retention.
• Ability to interact effectively with employees in order to direct work flow, assess performance and assign duties.
• Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences.
• Demonstrated relationship-building skills.
• Familiar with banking regulations and responsibilities relating to each including a working knowledge of mortgages, liens and other aspects of the loan collateral perfection.
• Time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously.
• Competence with computers and computer systems (hardware and software) to enter, access and retrieve financial data.
• Ability to work in a fast-paced environment & under pressure as needed.
• The ability to make sound decisions. This may include making on-the-spot decisions regarding customer transactions; weighing customer satisfaction issues with the Bank’s exposure to loss or fraud and the ability to think through and rationalize decisions.
• The requirements listed above are representative of the knowledge, skill, and/or ability required.
• Reasonable accommodations can be made to enable individuals with disabilities to perform the essential functions.

Education & Experience

• Bachelor’s degree in Finance, Business, Economics or related field preferred.
• 2-5 years of real estate lending experience.

Job Type:

• Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location:

• One location

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Founded in 1920, Sherburne State Bank is a strong and growing community bank focused on providing value to the communities we serve, fostering customer relationships, and helping our employees grow to their full potential.

Sherburne State Bank is seeking an experienced loan processor who will be based out of our Becker location.

Responsibilities:

• Generating documents for commercial and consumer loan closings.
• SBA loan processing.
• Input and maintenance of loan information on core system.
• Requesting work orders, coordinating closings and remitting payment to third party vendors including appraisers, insurance companies and title insurance companies.
• Perfecting lien position
• Maintain strong relationships with co-workers and lending staff.
• Payment and payoff processing.
• Management of Tickler system and documentation tracking.
• Experience with LaserPro, NuPoint and Commercial / SBA Lending preferred but not required
• Additional duties as assigned by management.

Requirements:

• Desire to work on a high performing team that strives for continual improvement.
• Ability to prioritize, manage multiple projects and multi-task, while meeting deadlines.
• Strong attention to detail.
• Ability to work in a fast-paced environment while maintaining accuracy and efficiency.
• Strong oral and written communication skills.
• Two-year degree preferred.

Job Type:

• Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Experience:

• Banking: 1 year (Preferred)
• Loan processing: 1 year (Preferred)

Work Location:

• One location

Work Remotely:

• No

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Responsibilities:

• Maintain individual portfolio and provide relationship management support to team.
• Business Development including originate new loan opportunities and negotiate terms, coordinate closings and provide ongoing customer service to commercial customers.
• Properly underwrite, structure and document commercial loans.
• Gather and analyze credit and financial information on existing and potential clients.
• Ability to prepare credit presentations, with support from credit department.
• Identify credit risk and make recommendations for additional monitoring or collection.
• Review collateral valuations and underwriting results and assure loans comply with bank policy.
• Maintain strong working knowledge of bank products.
• Active community involvement.

Requirements:

• Bachelor’s Degree or equivalent from a four-year college or university.
• 3+ years’ experience as a commercial lender.
• Knowledge of commercial lending products.
• Proven track record of relationship-based loan production.
• Strong financial background.
• High degree of personal integrity and drive for excellence.
• Criminal background and personal credit check required.

Job Type:

• Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Physical Setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental Pay:

• Bonus pay

Education:

• Bachelor’s (Preferred)

Experience:

• Banking: 3 years (Preferred)

Work Location:

• One location

Work Remotely:

• No

Apply Now