Construction Loan Officer

Are you passionate about helping clients with their financial welfare? Have you been looking for an opportunity to make a difference? At Luther Burbank Savings, our mission is to improve your financial future – whether you are a customer, employee, or shareholder. You’re worth more here.

We are looking for a Construction Loan Officer who will develop and cultivate high-quality relationships with new prospects for established construction loan goals by generating, recommending, and closing loans secured by residential, multifamily, or commercial real estate.

What will your day look like? You will:

• Develop and maintain business relationships and routine sales calls with realtors, builders, developers, brokers, and past client base.
• Provide information regarding available loan products, underwriting criteria, and documentation requirements to prospective loan applicants and brokers.
• Act as the central point of contact for borrowers, intermediaries, internal team members, and third-party vendors.
• Review and evaluate application information and supporting documentation to determine if borrower, property, and loan conditions meet company standards. Determine terms and acceptability of risk of prospective loan requests.
• Adjust loan pricing and loan amounts per internal policies.
• Communicate with underwriters, loan applicants, and brokers to resolve underwriting issues.
• Ensure that decisions are reached in a timely manner and provide a high level of customer service.
• Assist in the creation and implementation of marketing strategies for the Bank’s lending territory.
• Work in conjunction with senior management to ensure proper knowledge of all relative compliance topics, monitor activities, and report issues.

What you will need for this position:

Luther Burbank Savings requires that all new employees be fully vaccinated against COVID-19 as a condition of employment, and proof of vaccination must be provided prior to the start of employment.

• Bachelor’s degree (B. A.) from a four-year college or university; or a minimum of five years of construction lending experience.
• To perform this job successfully, an individual should have knowledge of appropriate software systems. Strong organization and communication skills. Ability to work with minimal supervision, assume multiple tasks, and establish priorities to meet service standards.
• Must be a registered MLO with NMLS.

Who we are:

We are a state-chartered, FDIC-insured bank specializing in originating multifamily and residential real estate loans funded by retail savings deposits. We have an established reputation for high integrity, responsive delivery, and competitive pricing.

Since opening our doors in 1983, we have recorded profits consecutively since our second quarter of operations. Consequently, we have grown to a $7 billion institution with branches and loan offices in California, Oregon, and Washington. Here at LBS, we foster an environment that encourages our team members to grow and develop their careers.

What we offer:

• Competitive Salary
• Comprehensive benefits package includes medical HMO or PPO, dental, and vision
• Life/AD&D & Long Term Disability Benefits
• Flexible spending accounts (FSA) Dependent Care
• Employee Assistance Program (EAP)
• Matching 401(k)
• Vacation and Sick benefits
• Personal Holiday
• Paid Bank Observed Holidays

Luther Burbank Savings is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

To learn more about the categories of personal information collected and the purpose for which the information will be used, please visit our CPA Employee Privacy Notice