CRE Loan Officer

CRE Loan Officer

Division: Real Estate Financing
Location: Corporate Office – 3756 Central Ave, Riverside 92506
Position Type: Hourly| Non-Exempt | Full-Time
Hourly Pay Range: $35 - $40 per hour, plus commissions

This position does not generally supervise other staff members.

About Provident Savings Bank

Founded in 1956 by Gordon Blunden, Provident Savings Bank was built on a simple but powerful vision: create a lasting business that serves the community for generations.

Today, we continue that mission by delivering exceptional financial services with integrity, personalized attention, and a genuine commitment to our customers and neighbors.

We believe our people are our greatest asset. That’s why we foster a supportive, team-oriented environment where employees are empowered to grow professionally, build meaningful relationships, and make a positive impact in the community.

What You’ll DoCommercial Loan Origination & Business Development

• Solicit, originate, and coordinate the closing of commercial real estate loans.
• Serve as the primary contact for commercial loan clients, brokers, developers, and contractors.
• Proactively develop new commercial lending relationships and expand existing ones.
• Represent the bank professionally in business development efforts.

Financial & Credit Analysis

• Interview applicants to assess creditworthiness, stability, earnings, and project viability.
• Obtain and analyze financial and credit data for all partners involved in loan projects.
• Arrange for property appraisals and feasibility studies when required.
• Evaluate vacancy factors, collateral, partnership structures, and risk indicators.
• Maintain strict confidentiality of all financial and loan data.

Loan Structuring & Compliance

• Ensure commercial loan packages are complete and compliant with:
• Bank underwriting guidelines
• Regulatory requirements
• Secondary market lending parameters
• Present qualified loan projects to Loan Committee.
• Notify applicants when requests do not conform to current lending guidelines.
• Maintain current knowledge of commercial lending products and regulations.

Reporting Structure

• Reports to: Commercial Sales Manager
• Senior Manager: Senior Vice President, Chief Lending Officer

Qualifications & Licensing Requirements

Education & Experience:

• Business degree preferred; or completion of real estate finance, appraisal, and principles courses; or a minimum of three (3) years of experience in commercial lending functions.

Skills & Expertise:

• Strong working knowledge of commercial lending procedures
• Thorough understanding of equal credit and equal lending regulations
• Excellent financial analysis skills and strong numerical aptitude
• Exceptional attention to detail and organizational skills
• Effective verbal and written communication abilities
• Proven ability to build rapport with clients and internal stakeholders
• Proficiency in Microsoft Word, Excel, and Outlook

Licensing Requirement:
In accordance with the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), employees acting as Mortgage Loan Originators (MLOs) must register with the Nationwide Mortgage Licensing System and Registry (NMLS), obtain a unique identifier, and maintain active registration.

Pay: $35.00 - $40.00 per hour

Application Question(s):

• Does the compensation range listed in the job description for this position align with your expectations?
• Please describe your primary channels or sources for generating loan referrals.
• If one of your primary referral sources were no longer available, what strategies would you use to continue generating new loan opportunities?
• Given a rent roll and a property income statement, describe the steps you would take to assess whether the property meets a 1.20 debt service coverage ratio.
• What is the highest number of active deals you have managed simultaneously, and how did you ensure they were effectively organized and executed?
• Have you completed any formal credit training or taken accounting/ finance coursework? if so, how has this training supported your ability to win or close deals?

Work Location: In person