The Loan Officer is knowledgeable about the programs offered by Colorado Lending Source and maintains a special degree of expertise regarding the SBA loan programs including 504, 7(a) and Community Advantage. The Loan Officer originates new loan projects and works with partner Lenders and small business owners from underwriting through funding. The Loan Officer must be able to independently analyze potential business clients and use discretion and judgment to identify if the project meets the mission of Colorado Lending Source by providing economic development to the community it serves. A Loan Officer will provide excellent customer service to all parties involved in the process, and will represent Colorado Lending Source at business development opportunities.
Major Duties, Tasks and Responsibilities:
Understand all aspects of loan programs offered at Colorado Lending Source, and be an expert regarding the SBA loan programs eligibility and processing;
Loan Origination and Approval – Attend prospect and approval meetings which include potential small business applicants and partner lenders ;
Underwriting: Prepare complete financial analysis and loan presentations that accurately portray the project to both the Colorado Lending Source Loan Committee and the Small Business Administration;
Review appraisal and environmental reports and determine if they meet SBA requirements;
Business Development: Develop new relationships with partner lenders and other financial resources; participate in training opportunities to support the mission;
Provide support and oversight throughout application process through loan approval;
Coordinate project management with the Junior Loan Officer; Other duties as may be assigned.
Interested applicants are invited to submit a resume and cover letter to Resume@coloradolendingsource.org
Education: Bachelor’s degree in related field Experience: At least 1 year of experience within a related field at Colorado Lending Source or at another organization Key Competencies: Project Management, excellent communication and interpersonal skills, detail oriented, strong organizational skills, ability to multi?task, customer satisfaction orientation, maintain consistently high quality of work, value a collaborative and supportive work environment.
Telecommuting is allowed.
Additional Salary Information: Depending on Experience
About Colorado Lending Source
Our mission to foster the economic growth of diverse small businesses within our communities provides the foundation for everything we do. Together, we strive to offer outstanding customer service and consistently demonstrate our expertise as a resource for lenders and small businesses alike. We are engaged with one another and in the success of our stakeholders. As a small nonprofit lender, we have created a culture where the pursuit of our individual passions is supported and encouraged, emphasis is placed on living life, and the desire to have a positive impact on the communities around us is a collaborative effort.