Loan Officer - Commission Eligible Job at Compeer Financial, Waite Park, MN

  • Compeer Financial
  • Waite Park, MN

Job Description

Job Duties

Empowered to live. Inspired to work.

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.

How we support you:

Hybrid model - up to 50% work from home

Flexible schedules including ample flexibility in the summer months

Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)

Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP

Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off

Learning and development programs

Mentorship programs

Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)

Professional membership/certification reimbursement and more!

Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs.

To learn more about Compeer Financial visit

Where you will work: This position will likely oversee the Minnesota counties of Itasca, Cass, Crow Wing, and Aitkin. Occasional travel to the Waite Park, MN office location is expected.

The contributions you will make:

This position is responsible for the origination of home, recreational land/bare land and home site loans in rural areas and communities. You will maintainacceptable levels of loan unit/volume origination while building strong professional and client relationships and maintainhigh client satisfaction results. Combines mortgage and business knowledge with an in-depth understanding of each client's financial position to provide innovative and workable alternatives to create the best avenue to accomplishing client's goals. Markets Compeer's products and services to industry partners and prospective clients based upon their wants and needs. Supports and builds the Compeer Financial brand by developing a referral network of realtors, builders, consumer direct as well as other financial service providers and internal team members. You will service a growing market of hobby farms, rural properties, and conforming properties.

A typical day:

Sales and Marketing

Proactively markets and sells credit and related services, establishing new market relationships which contribute toward attainment of Compeer goals and business objectives.

Creates networking and prospecting strategy that is suitable to servicing each territory and ensure alignment with Compeer's branding and marketing protocol.

Maintains positive accomplishments with client relations, community recognition, and contributions to the Compeer Financial image as the leading financial institution committed to clients in rural areas.

Monitors and appropriately uses discretionary marketing budget throughout the year.

Loan Origination

Originates loans by proactively seeking applications.

Gathers income and verifies financials.

Determines the appropriate loan program and terms to meet the client's needs.

Works with the credit and processing teams to secure a credit decision and ultimately a timely closing.

Acts as a liaison between client(s) and all Compeer Financial operations members as well as certain third parties.

Client Relationships

Maintains client relationships through frequent interactions and periodic sales calls.

Delivers value added informational services to the client.

Discusses loan programs and terms.

Addresses all client concerns throughout the process.

Industry Knowledge

Builds and maintains a strong understanding of Consumer Lending practices.

Maintains and builds upon "local" knowledge of their own LSA.

Gains knowledge of client's hopes and dreams and ultimately helps to implement those within the rural marketplace.

Community Involvement

Develops and maintains a significant "professional presence" throughout the local community.

Provides formal group presentations and information workshops on current Rural Living Solutions topics and issues.

Maintains active involvement in various related professional groups.

The skills and experience we prefer you have:

Bachelor's degree in business administration, finance, agriculture or related field or an equivalent combination of education and experience sufficient to perform the essential functions of the job.

NMLS registration required.

Demonstrate understanding of mortgage processing, underwriting and closing procedures.

Strong listening, written and verbal communication skills, with ability to communicate at all levels of the organization.

Skill in developing and maintaining interpersonal relationships.

Strong problem solving, decision making and organizational skills.

Strong computer skills, including Microsoft Office applications and customer relationship management (CRM) programs.

Strong analytical skills with attention to detail.

Effective sales skills.

Solid time management skills.

Ability to work independently and collaboratively with other teams to achieve goals and represent the business.

Valid driver's license.

#IND100

How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.

In addition to base salary, this role is eligible for a Commission-based plan. Commission is uncapped and earned based on New Loan Volume per month (portfolio plus secondary market volume). This role is also eligible for a variable compensation, which may vary year to year.

Base Pay

$46,400—$51,500 USD

Click here to view federal employment laws applicable for applicants.

Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.

Minimum Education Required

Bachelor Degree

Minimum Experience Required

None

Shift

First (Day)

Number of Openings

1

Public Transportation Accessible

Yes

Veterans Encouraged to Apply

No

Physical Required

Yes

Drug Test Required

Yes

Compensation

$46,400.00 - $51,500.00 / Annually

Postal Code

56387

Job Type

Full Time

Place of Work

On-site

Requisition ID

4942620008

Job Benefits

Not specified

Job Tags

Full time, Temporary work, Work experience placement, Summer work, Casual work, Internship, Seasonal work, Work at office, Local area, Work from home, Work visa, Flexible hours, Shift work

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