Primary Purpose of the JOB:
The Commercial Loan Officer is responsible for representing the company in a positive manner to encourage loan growth, solicit new customers, selling loan and fee-based products and services through phone calls, referrals and other personal situations. The individual will manage and continue to grow several different types of relationships across the real estate community while servicing an existing commercial loan pipeline, promoting and cross-selling lending products and services to new and existing customers. The individual handles various sized commercial loan customers.

Essential DUTIES:

• Interviews applicants to determine loan requirements and gathers pertinent information for loan applications.
• Requests applicant credit reports, background checks, appraisals, title searches, reference checks, and other information pertinent to loan applicant’s evaluation.
• Analyzes applicant’s financial status, credit, and asset evaluation to determine feasibility of granting loan, establishes credit limit through written and/or oral assessment.
• Resolves uncertainties relating to customer application information through inquiries with applicant or creditors.
• Structure loans within loan policy and approves loan within specified limits or champions loan opportunities to the credit department and/or Committee for proper approval.
• Prepares financing proposals consistent with approval for presentation to the applicant.
• Reviews loan documentation prior to closing for completeness and acceptance by the applicant.
• Edit and maintain HubSpot leads/deals in real-time.
• Ensures timely loan closing and funding activities – 4 weeks or less within reason beyond third party documentation.
• Maintains a positive working relationship with customers, bank staff, local professionals, centers of influence, and community organizations.
• Participate in community and professional organizations and events.
• Manage loan portfolio including renewals, modifications, updated credit analysis, collections, and portfolio monitoring.
• Uses experience and sound judgment to plan and accomplish goals.
• Close a minimum of 10 loans per month.

Other DUTIES:

• Other duties as assigned.

Required Experience/SKILLS:

• 1-2 years related job experience.

Preferred EDUCATION:

• Bachelor’s Degree
• MBA

Working CONDITIONS:

• Office environment with little exposure to physical hazards or conditions
• Ability to enter data into a computer and work with computer programs: Microsoft Word, Excel and HubSpot
• Ability to stand and/or sit for long periods of time.
• Hybrid work environment, flexibility on remote work based on experience.

Compensation Expectations:

• $40,000/year starting salary
• Commissions on closed loans
• Sales incentives for hitting key metrics.
• Health insurance
• 401k
• Target 1st year earnings $80,000 - $100,000
• Target 2nd year earnings $125,000 - $150,000

*This job description does not list all the duties of the job. You may be asked by supervisors or managers to perform other instructions and duties. You will be evaluated in part based on your performance of the tasks listed in this job description. Management has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.

About MINO LENDING SOULTIONS LLC:
MINO Lending Solutions is a full service, nationwide lender focusing on the growth of its real estate investor and property management partners. MINO’s unique lending platform is an industry first, offering a streamlined process by using Revela’s property management platform. Property information such as rent roll and leases are all gathered so applicants have to provide little to no documentation. At MINO, the lending process is all about client experience.

Job Type: Full-time

Pay: $60,000.00 - $100,000.00 per year

Work setting:

• In-person

Education:

• Bachelor's (Preferred)

Experience:

• Fair Housing regulations: 1 year (Preferred)
• Loan origination: 1 year (Preferred)
• Sales: 1 year (Preferred)

Ability to Commute:

• Detroit, MI 48202 (Required)

Ability to Relocate:

• Detroit, MI 48202: Relocate before starting work (Required)

Work Location: In person