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Community Lending Officer (Base + Commission)

Company: Investors Bancorp, Inc.
Location: Newark
Posted on: June 12, 2021

Job Description:

Position Overview

The Residential Community Lending Officer will generate new opportunities for residential loans to low and moderate income borrowers in specific low to moderate census tracts covered by the Investors Bank footprint. This will be accomplished by networking, aggressive calling and working with internal and external partners. Examples include, but are not limited to: developing partnerships with Housing agencies and Community groups, Hosting and Co-Hosting Home Buyer Workshops, working closely with the Real Estate Community and partnering with the Retail Branch network, etc. This individual is expected to have an extensive understanding of the local Affordable Housing Market, Housing Assistance Programs, and lending solutions for low to moderate income and First Time Homebuyers. Efforts will be focused on CRA eligible activities.

  • Develop partnerships with community groups in the Bank's target area of low to moderate income residents such as non-profit organizations, government agencies, community development and local groups and associations in order to ensure that the bank meets . Will be required to attend meetings, events and seminars as well as to develop and present seminars to the various partner organizations and their clients. This will require evening and weekend participation.
  • Work independently to identify, explore and acquire potential new Customers. Build, maintain and/or grow relationships with existing Customers. Interview potential applicants, assess and match the customer's needs to the appropriate mortgage product.
  • Guide the customer through the entire loan process, obtain the necessary documentation from the applicant and perform the appropriate calculations to ensure the applicant qualifies for the intended mortgage product. Set expectations with the customer to ensure the highest level of customer satisfaction.
  • Effectively manage pipeline of loans and ensures all regulatory requirements are met. Continuously develop and maintain specialized knowledge of internal, regulatory and secondary marketing guidelines. Acquire and maintain a comprehensive understanding of all products offered.
  • Update Loan Systems (including Salesforce) as required. Provide reporting on an as needed basis and assist with internal and external audits.

Keywords: Investors Bancorp, Inc., Newark , Community Lending Officer (Base + Commission), Other , Newark, New Jersey

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