Community Development Loan Officer

The expected rate of fixed base pay for this position is shown above. In addition this position has a variable pay earning opportunity. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.

Position Title: Community Development Loan Officer

Reports To: Residential Mortgage Sales Manger

Department: Residential Lending

FLSA Status: Exempt

Purpose: The Community Development Loan Officer works closely with the Five Star Bank Community Reinvestment Act (CRA) Officer to develop and implement the Company's CRA program with the goals of increasing Five Star Bank's CRA visibility and making loans to low- and moderate-income borrowers and ensuring appropriate investment and services are provided throughout the CRA assessment areas.

Supervisory Responsibilities:

Degree of Supervision Received: Minimal

• Supervision Received (title): Regional Residential Mortgage Sales Manager

Degree of Supervision Given: None

• Supervision Given to (Titles): N/A

Essential Functions:

• Responsible for promoting the Bank's products and services via community outreach, partnering with local non-profit organizations and government agencies. Actively serves on Non-Profit Boards within the Bank's assessment area.

• Develops relationships with neighborhood groups, realtors, home buyer counseling agencies and builders among others to identify and accept applications for residential loans and refer small business loans and low-cost deposit product opportunities in low/moderate income areas of the Bank's assessment area, with a focus on majority-minority census tracts.

• Interviews loan applicants and assists applicants with identifying the products that best meet their needs. Collects financial data & documents and submits a complete loan application for processing.

• Becomes well versed in local charitable and civic efforts geared toward enhancing access to credit and addressing poverty issues within the Bank's assessment area.

• Conducts outreach to neighborhood and business associations with an emphasis on enhancing access to credit in the Bank's assessment area. Organizes and assists in presenting programs and seminars to these groups.

• Provides recommendations and suggestions to Bank management on the development of new products and services or the modification of existing products and services to enhance access to credit in the Bank's assessment area.

• Conducts financial literacy training, including budget management, improving credit, and pre/post home ownership education to low/moderate income populations within the assessment area.

• Participates in creating an environment, processes and procedures that are compliant with all laws and regulations and focus on fair and responsible lending to all members of the community.

• Becomes familiar with government sponsored economic development programs to ensure Bank's products and services leverage and enhance to goals of the programs.

• Provides support during regulatory examinations regarding CRA, Fair Lending and HMDA.

• Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.

Job Related Qualifications - Education and Prior Experience:

Required:

• Education: High School Diploma or equivalent

• Prior Experience: 5+ years in Community Development and/or CRA related experience

• Licenses or Accreditation: Registration with the Nationwide Mortgage Licensing System Registry (NMLS) to obtain a unique identifier that is provided to consumers in accordance with all SAFE Act requirements. Renews registration with NMLS annually. Maintains and updates personal registry information as necessary to include name changes, changes, employment changes, etc.

Preferred:

• Education: Bachelor's Degree in Business, Finance, or related field

• Prior Experience: 10+ years in Community Development and/or CRA related experience; Bilingual with Spanish

Competencies:

• Thorough understanding of the following regulations: Community Reinvestment Act, Equal Credit Opportunity Act, Fair Housing Act, Fair Credit Reporting Act, Home Mortgage Disclosure Act, Service Members Civil Relief Act, Truth in Lending, Unfair Deceptive Abusive Acts or Practices, NYS Executive Law 296-a and 3 N.Y.C.C.R. 340

• Excellent verbal and written communication skills

• Excellent organizational skills with the ability to work well under pressure and manage multiple priorities to meet established deadlines

• Ability to develop strong working relationships and interact with all levels of staff, management, and members of the community

• Strong sales orientation while being customer focused; strong servicing skills

• Possess a high level of attention to detail to ensure accuracy

• Working knowledge of Microsoft Office applications and loan origination systems with the ability to learn and utilize new and existing banking software applications

Physical Requirements:

• Able to regularly sit for prolonged periods of time.

• Able to regularly stand for prolonged periods of time.

• Able to travel:

• Extensively

• Extensive computer usage is required.

• Ability to work:

• Evenings

• Occasionally

• Weekends

• Occasionally

• Moderate phone usage is required

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This job description is not exhaustive. The Community Development Loan Officer may be required to perform other duties as assigned.