Commercial Lending Jobs

 

 

Commercial lending involves offering loans to individuals and organizations in return for property or other assets. Commercial lending jobs are rolled out by banks and other lending institutions – both government and private.

Different lending institutions offer different types of loan programs. These loans are given out only after assessing the financial situation of the prospective borrower. Commercial lending officers find out which loan program can be offered to whom and make suggestions to borrowers regarding the same.[br]

Commercial Lending Jobs: Career Options

One can apply for the following posts in a commercial lending organization:

Commercial Loan Officer: This position is involved with managing commercial loans and business development. A commercial loan officer assists prospective borrowers by offering them financial services. S/he usually contacts customers electronically or by phone. The work schedule of commercial loan officers depends on the requirements of borrowers they are in touch with and the targets they set for themselves. So, if you wish to become a commercial loan officer, you have to be prepared to work long hours.

Outside Retail Loan Officer: If you are interested in becoming an outside retail loan officer, you should be well-versed with the general behavior of commercial property owners. This is because your foremost task will be to build cordial business relationships with them. This helps them in offering commercial mortgage loans.

Special Assets Officer: This designation requires one to take care of the problems involved in managing loans. A special assets officer works closely with companies, prospective borrowers, lawyers and executives. This position requires strong relationship building skills.[br]

Commercial Banking Officer: This job entails excellent communication, writing and lending skills. A commercial banking officer gets in touch with real estate brokers, insurance agents, accountants and lawyers to get referrals. As a commercial banking officer, you will be making oral presentations, as well as creating and organizing written documents.

Commercial Loan Workout Officer: This designation requires one to ensure that the lending process takes place without any hitch. As a commercial loan workout officer, your core duty would be to evaluate and collect commercial loans.

 

A commercial lending job is extremely rewarding, as it entails assisting those who are in need, while also building a lucrative career.