Find Jobs
Find Jobs Near You – Available Work in Your Location
Skip to job details
MS
Murphy-Wall State Bank
Commercial Loan Officer - II
Career Insights for Loan Underwriter
See where this job fits in the broader career landscape. Knowing your career path helps you see what's possible from here.
Scorecard
Based on Illinois data
Review key factors to help you decide if this role fits your goals. How is this calculated?
What they do
A Loan Underwriter determines if the risk of offering a mortgage or loan to a particular borrower under certain parameters is acceptable to the lending organization.
$122,859 / year median in Illinois
-15% projected decline
Job Description
Company Overview Murphy-Wall State Bank and Trust Company is a longstanding community bank with over 150 years of dedicated service. With six banking locations, the bank specializes in offering a wide range of financial services, including commercial, real estate, and consumer loans, committed to serving its community with integrity and excellence. Job Overview We are seeking a dynamic and detail-oriented Commercial Loan Officer - II to join our team. In this role, you will play a vital part in originating, underwriting, and managing commercial loan portfolios. Your expertise in financial analysis, industry regulations, and customer relationship building will drive our mission to provide exceptional banking solutions while ensuring compliance with all loan regulations. Duties Evaluate and analyze commercial loan applications by conducting credit analysis, risk assessment, and industry research to determine borrower eligibility. Develop and maintain strong relationships with clients through effective communication, understanding their financial needs, and offering tailored lending solutions. Negotiate loan terms and contracts that align with bank policies and regulatory standards while maximizing value for both the bank and clients. Utilize Loan Origination Systems (LOS) and financial software to process applications efficiently, ensuring accuracy in documentation and compliance. Ensure adherence to Fair Housing regulations, TILA (Truth in Lending Act), FNMA (Fannie Mae) guidelines, and other industry-specific compliance standards throughout the lending process. Collaborate with underwriting teams to review financial statements, credit reports, escrow details, and collateral appraisals for risk assessment. Maintain up-to-date knowledge of banking regulations related to commercial lending, mortgage servicing, and financial compliance to support sound decision-making. Experience Proven experience as a Commercial Loan Officer or in a similar financial sales role within banking or mortgage lending environments. Strong understanding of loan origination processes, underwriting procedures, and industry regulations such as