What is commercial loan originator?
Commercial loan originators are employed at a mortgage bank or a mortgage brokerage. Commercial loan origination includes understanding the financial net worth of the borrower, the borrower’s experience managing commercial property, a credit check, mitigation strategy and underwriting risk.
Is Commercial Lending a good career?
Banks are still a great option for employment though – especially for finance majors who don’t want to work the long hours of Wall Street. Working at a commercial bank, you can help with a bank’s investment strategy and help provide loans for your local community, all while still making a comfortable salary.
What does a commercial loan specialist do?
A commercial loan documentation specialist handles the entire process of securing a loan for business accounts, from the application to the transaction to closing. Your responsibilities in this career include gathering information to prepare the documents and verify all financial details.
What can I do with a commercial loan officer?
Finding loans for businesses can be rewarding for the business and the commercial loan officer. This banking career involves selling knowledge, expertise and loans to potential business clients. Most loan officers work for financial institutions within the banking industry.
What is the difference between a loan officer and a banker?
Loan officers might specialize in consumer or business lending. Bankers are officers at commercial and investment banks. Commercial banks are financial institutions that range in size from local community banks to large banks with many branches throughout a region or the entire country.
What kind of bank is a commercial bank?
Commercial banks are financial institutions that range in size from local community banks to large banks with many branches throughout a region or the entire country. Bankers might be involved in consumer and business loans, financing, cash management, or investment services, according to the Careers in Finance website.
What kind of jobs are there in banks?
Many of the jobs in banks – for example, tellers, trust officers, marketing specialists and investment specialists – have nothing to do with loans. Some loan officers have approval authority, while others are limited to assisting customers with loan applications. Loan officers might specialize in consumer or business lending.