Loan Originator
WealthfrontSalary not specified
Full Time
Mid-level (3 to 4 years)
Commercial Business Development Officer at First Entertainment Credit Union
Los Angeles, California, United States
$110,000 – $135,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial Services, Credit UnionIndustries
Requirements
- Bachelor's degree from an accredited college or equivalent experience
- Minimum of 7 years of experience in commercial real estate lending with proven production results in excess of $20MM annually
- Extensive knowledge of real estate lending regulations
Responsibilities
- Proactively market and source new commercial real estate loans and deposits through various channels, including real estate investors, loan brokers, financial advisors, insurance agents, property managers, and other referral sources
- Design and execute a strategic business development program focused on generating new loan originations and cross-selling credit union products
- Conduct in-depth assessments of loan applications, clearly explaining commercial real estate programs and financing options to the borrower/guarantor or loan broker
- Negotiate loan terms, including rates, payment structures, and covenants, ensuring alignment with credit union policies, risk tolerance, and member needs
- Prepare competitive market surveys and recommend enhancements to loan programs, pricing strategies, and marketing initiatives
- Promote and cross-sell additional credit union products and services to members and prospects
- Partner with underwriters, credit analysts, processors, vendors, and closing staff to ensure timely, accurate, and compliant loan generation
- Provide training and instructional materials to branch personnel to support commercial lending initiatives
- Develop new participation loan opportunities through existing vendors, credit union partners, and industry networks
- Solicit, prescreen, and manage commercial real estate loan requests on properties that meet established lending requirements for the credit union
- Manage the communication workflow from loan pre-screen through funding and post-closing needs
- Originate new commercial loan relationships and drive loan and deposit growth within the investor and business community
- Serve as a trusted advisor, working closely with members to recommend loan programs and deposit options
Skills
Commercial Real Estate Loans
Business Development
Loan Origination
Sales
Marketing
Negotiation
Cross-Selling
Loan Assessment
Relationship Management
Strategic Planning
First Entertainment Credit Union
Member-focused financial services for entertainment industry
About First Entertainment Credit Union
First Entertainment Credit Union provides a variety of banking and financial services specifically designed for its members, primarily those in the entertainment industry, though membership is open to others as well. The credit union offers products such as term savings certificates, home equity lines of credit, debt consolidation loans, auto loans, and various insurance options. They also provide investment services and emphasize financial education through free webinars and online tools like financial calculators. Unlike traditional banks, First Entertainment Credit Union focuses on member satisfaction by offering lower rates and better terms, aiming to build long-term relationships with its members.
Los Angeles, CaliforniaHeadquarters
1967Year Founded
VENTURE_UNKNOWNCompany Stage
Financial ServicesIndustries
51-200Employees
Benefits
Health Insurance
401(k) Retirement Plan
Profit Sharing
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Professional Development Budget
Tuition Reimbursement
Wellness Program
Hybrid Work Options
Risks
Increased competition from digital-only banks and fintech companies.
Economic downturns in entertainment industry may affect members' financial stability.
Rising interest rates could decrease demand for loans and refinancing.
Differentiation
Focus on entertainment industry with tailored financial products and services.
Strong emphasis on financial education through webinars and seminars.
Partnerships with niche organizations like The Academy of Magical Arts.
Upsides
Growing demand for digital banking solutions enhances service accessibility.
Expansion of partnerships increases brand visibility and attracts new members.
Rising interest in financial wellness programs boosts member engagement.
Related Jobs
RemoteRemoteBusiness Development Manager
Seer InteractiveSalary not specified
- Full Time
- Senior (5 to 8 years), Expert & Leadership (9+ years)
RemoteFunding Specialist
Forward FinancingSalary not specified
RemoteRelationship Manager
MercurySalary not specified
- Full Time
- Junior (1 to 2 years), Mid-level (3 to 4 years)
RemoteCommercial Real Estate Paralegal
Old Republic InternationalSalary not specified
- Full Time
- Junior (1 to 2 years)
Remote金融事業開発担当（銀行領域）
PayPalSalary not specified
- Full Time
- Junior (1 to 2 years)
RemoteLoan Originator
WealthfrontSalary not specified
- Full Time
- Mid-level (3 to 4 years), Senior (5 to 8 years)
RemoteSenior Credit Risk Manager, Student Loan
EarnestSalary not specified
- Full Time
- Senior (5 to 8 years)