Loan Officer

Company: Heritage Land Bank
Location: Palestine
Posted on: January 22, 2023

Job Description:

Company Profile:Heritage Land Bank provides innovative financing solutions other banks simply can't offer when it comes to rural real estate, agricultural operations, agribusinesses and country homes. Founded in 1917, Heritage Land Bank is a member of the Farm Credit System, a nationwide network of rural lending cooperatives. With headquarters located in Tyler, Heritage Land Bank operates across 16 Texas counties ranging from Dallas-Fort Worth to Lufkin. To learn more, visit .Education and Experience Requirements:Bachelor's degree in Business Administration, Finance, Agricultural Economics, or a related field. A minimum of two (2) years or more of experience in banking, credit, or other agricultural lending. Excellent oral and written communication skills are essential. Should be proficient in Microsoft Office applications and have the ability to perform accounting/financial analyses under moderate supervision. General knowledge of farming and ranching along with the understanding of rural living is a plus.Job Scope:Responsible for developing new loan business in addition to servicing existing production agricultural and real estate customers while applying sound credit administration procedures in processing loan applications, analyzing records, evaluating collateral, setting loan terms and conditions, and in establishing overall loan workability.Essential Functions:Responsible for developing and marketing new business within the service area.Assist prospective and current borrowers with their credit needs and by formulating solutions to credit-related issues.Makes and services leases, loans for operating equipment and real estate, and offering other related services such as cash management products and crop insurances within delegated authority and in accordance with association policies. Makes and/or conveys decisions on loan approval, structure and pricing. Responsible for exercising credit risk management responsibilities on loans within area of responsibility.

• Makes and services loans within delegated authority and in accordance with association policies.
• Makes and/or conveys decisions on loan approval, structure and pricing. Responsible for exercising credit risk management responsibilities on loans within area of responsibility.
• Originate and service loans within delegated authority and in accordance with association policies. Make and/or convey approvals, structure and pricing lending decisions. Exercise credit risk management on loans under your responsibility.
• Attends public relation functions on behalf of the Association; Participates in marketing activities of the Association including making calls on prospects.
• Complies with proper credit administration practices as outlined in the association's policies and procedures.
• Conducts and interprets simple to moderately complex credit analyses. Analyzes balance sheets, income statements, and cash flows of potential borrowers to ascertain creditworthiness. Maintains current, adequate and verified financial information on borrowers and guarantors as required by association policy.Performs loan servicing tasks, which may include partial releases, subordinations to mineral leases and right of ways, division orders, re-amortizations, assumptions, severance agreements, insurance claims, additional advances, extensions and conversions.Ensures proper loan underwriting and structuring is achieved through enforcement of loan policies and that they are properly approved in accordance with loan authorities and in conjunction with the centralized underwriting units.Ensures that all assigned loans are properly risk rated, assigned loss given defaults are correct and performance status assignments are proper.
• Performs collections on assigned loans and assists senior-level staff and management with collections on all loans in the portfolio. Works with delinquent borrowers to obtain satisfactory loan performance.
• Perform collateral evaluations in compliance with district and association standards and procedures. This includes comparable sales data collection, sales research, etc.
• Manages and monitors respective loan portfolio and status of all exceptions and past dues on business and consumer loans in accordance with loan policy working in conjunction with reports from the centralized underwriting units.May assist with the title examination process on perspective loans to ensure validity of liens on property pledged as collateral or security interest on chattels. Prepares loan-closing packages and facilitates the loan closing process as required in accordance with all applicable association and FCA policies and regulations.
  
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Keywords: Heritage Land Bank, Tyler , Loan Officer, Other , Palestine, Texas