Bbamericas
The CRA Loan Officer is responsible for originating, promoting, and managing loan products that align with the Community Reinvestment Act (CRA). This role ensures that the bank meets the credit needs of low-to-moderate income (LMI) individuals and communities, while maintaining compliance with all applicable regulations. The CRA Loan Officer serves as a key representative of the bank in fostering financial inclusion, supporting affordable housing, and driving economic growth in underserved areas.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Originate residential mortgage, small business, and consumer loans targeted to low- and moderate-income borrowers and communities.
Develop and maintain relationships with community groups, nonprofit organizations, housing agencies, and local government partners to promote CRA lending opportunities.
Educate clients and community stakeholders on the bank’s CRA loan products, financial literacy resources, and affordable lending programs.
Collaborate with internal departments (mortgage, compliance, risk, credit) to ensure CRA lending goals are achieved.
Track, monitor, and report CRA loan activity to ensure alignment with CRA exam requirements and internal performance benchmarks.
ADDITIONAL DUTIES AND RESPONSIBILITIES
Participate in community outreach events, first-time homebuyer seminars, and other financial inclusion initiatives, and all other company-related activities. Stay current with CRA regulations, fair lending laws, and internal bank policies to ensure compliance.
Provide regular updates to management on CRA loan production, pipeline, and community impact.
Must demonstrate strong knowledge of financial literacy concepts and programs, and the ability to educate and support community members as part of CRA responsibilities.
Must be able to independently develop and execute projects with minimal supervision, demonstrating strong ownership, initiative, and sound decision-making.
EDUCATION AND/OR EXPERIENCE Bachelor’s degree in finance, Business Administration, Economics, or related field (or equivalent work experience). 2–4 years of experience providing lending services to low-income families and underserved communities is required.
OTHER SKILLS/QUALIFICATIONS
Regulatory Knowledge: Strong understanding of CRA, HMDA, and Fair Lending regulations.
Community Engagement: Builds sustainable partnerships in underserved communities.
Analytical Skills: Ability to evaluate loan applications and financial documents accurately.
Customer Focus: Provides guidance and support to borrowers with sensitivity to their financial circumstances.
Mission Driven: Demonstrates passion for equitable lending and community development. Job Description: CRA Loan Officer.
Must be fluent in English with Excellent verbal communication, reading comprehension.
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ESSENTIAL DUTIES AND RESPONSIBILITIES
Originate residential mortgage, small business, and consumer loans targeted to low- and moderate-income borrowers and communities.
Develop and maintain relationships with community groups, nonprofit organizations, housing agencies, and local government partners to promote CRA lending opportunities.
Educate clients and community stakeholders on the bank’s CRA loan products, financial literacy resources, and affordable lending programs.
Collaborate with internal departments (mortgage, compliance, risk, credit) to ensure CRA lending goals are achieved.
Track, monitor, and report CRA loan activity to ensure alignment with CRA exam requirements and internal performance benchmarks.
ADDITIONAL DUTIES AND RESPONSIBILITIES
Participate in community outreach events, first-time homebuyer seminars, and other financial inclusion initiatives, and all other company-related activities. Stay current with CRA regulations, fair lending laws, and internal bank policies to ensure compliance.
Provide regular updates to management on CRA loan production, pipeline, and community impact.
Must demonstrate strong knowledge of financial literacy concepts and programs, and the ability to educate and support community members as part of CRA responsibilities.
Must be able to independently develop and execute projects with minimal supervision, demonstrating strong ownership, initiative, and sound decision-making.
EDUCATION AND/OR EXPERIENCE Bachelor’s degree in finance, Business Administration, Economics, or related field (or equivalent work experience). 2–4 years of experience providing lending services to low-income families and underserved communities is required.
OTHER SKILLS/QUALIFICATIONS
Regulatory Knowledge: Strong understanding of CRA, HMDA, and Fair Lending regulations.
Community Engagement: Builds sustainable partnerships in underserved communities.
Analytical Skills: Ability to evaluate loan applications and financial documents accurately.
Customer Focus: Provides guidance and support to borrowers with sensitivity to their financial circumstances.
Mission Driven: Demonstrates passion for equitable lending and community development. Job Description: CRA Loan Officer.
Must be fluent in English with Excellent verbal communication, reading comprehension.
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