Community Lending | Production Associate

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Senior Credit Approval Officer position within Credit Risk Management with responsibility for credit approval activities focusing on the following portfolios: Government Banking, Depository Financial Institutions (DFI) and Education Non-Profit (ENP). The Senior Credit Approval Officer will be responsible for review and approval of facilities, approving loans, leases and lines of credit in excess of business unit or credit officer authority levels. This includes responsibility for the analysis of deal structure and documents, collateral evaluation and due diligence, internal rating analysis, and stress testing. The candidate should be knowledgeable in assessing various risks in a transaction, such as credit, liquidity and regulatory. The Senior Credit Approval Officer develops guidance policies and monitors delinquency, loss, and risk rating accuracy across business units, and reviews group's loan underwriting and portfolio management performance for senior management/regulatory agency review.

In addition to overall credit approval responsibilities, this position will work collaboratively with the business lines to both maintain and ensure compliance with related policies and procedures, monitor and report on risk across the portfolios (including timely determination of risk ratings and ratings migration), ensure compliance with regulatory requirements, identify trends and potential risks and issues, and analyze new business prospects. The position will also work closely with all the business lines across the bank to both serve as a subject matter expert on and provide guidance related to the businesses.

Basic Qualifications
• Bachelor's or advanced degree, or equivalent work experience
• Typically more than 15 years of applicable experience

Preferred Skills/Experience
• Considerable understanding of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Considerable understanding of the business line’s operations, products/services, systems, and associated risks/controls
• Thorough knowledge of Risk/Compliance/Audit competencies
• Strong leadership and management skills of processes, projects and people
• Effective skills at managing stressful situations
• Effective written and verbal communication skills
• Strong analytical, problem-solving and negotiation skills
• Proficient computer skills, especially Microsoft Office applications
• Applicable professional certifications

This role is posted as remote; however, candidates who are located near any one of our locations would be required to work on site at least three days per week.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, ****** orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS

Who we are:

We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.

Cornerstone Home Lending, a division of Cornerstone Capital Bank, is a unique national home lender with a reputation of amazing service, customer satisfaction, employee retention, and happiness. We employ people who are passionately committed to Cornerstone’s Mission, Vision & Core Convictions. Our brand is known for on-time closings - a key core conviction of Cornerstone. We have successfully navigated our company through many industry cycles and changes in regulations.

Who We Are Looking For

We are searching for a Production Associate with strong time management skills, organization, good work ethic, and outstanding communication and customer service skills. This professional will work in a fast-paced environment with a tight-knit, goal-oriented team.

What You’ll Do
• Provide a warm welcome to Realtors and Clients
• Monitor and manage workflow to ensure timely closings
• Maintain product knowledge and stay up-to-date on changes to market conditions
• Comply with all applicable laws and regulations related to mortgage lending
• Communicate with borrowers, processors, operations staff, title companies, Realtors, etc., to expedite the mortgage process
• Request and follow up on required documentation from our clients
• Perform basic income calculations and asset evaluations
• Disclose and submit loans to the Operations Department
• Balance priorities with a high-level attention to detail

What You’ll Need To Be Successful

Success in this job relies on your time management skills, organization, and positive attitude. In addition, you’ll need the following qualifications:
• High School diploma, GED, or equivalent work experience
• Proficient in Microsoft Office Applications
• Mortgage Lending experience preferred
• Community Lending experience a plus

What We Offer

Because we recognize and reward hard work, we offer a competitive salary, a full benefits package, and the potential for a performance-based bonus.

What to do next: If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're a part of our Cornerstone team, we'll continue to invest in you as a valuable asset to our company. As many of our team members can tell you, there's something special about working at Cornerstone.