THE COMPANY
MoFi is a mission-driven lender that provides financing and consulting services to businesses, entrepreneurs, real estate developers, and homeowners who are unable to access traditional financing. The people we help build businesses, revitalize neighborhoods, and strengthen communities across the Rocky Mountain West. Our work spans 35 years, six states, and thousands of businesses. We operate from offices in Boise, Missoula, Bozeman, and Salt Lake City.

MoFi offers a progressive, fun, team-driven environment with a focus on social impact as well as financial outcomes. We are a fast-paced organization with a culture that fosters teamwork and embraces an all-hands-on-deck mentality. MoFi offers competitive pay, clear ladders for growth, professional development opportunities, great benefits, and a chance to make a positive impact in the lives of our clients.

THE POSITION
This position is on MoFi’s lending team. This team is customer-centric, flexible, knowledgeable, cross-trained, transparent, and efficient. Their goal is underwrite risk, help clients have a seamless lending process, and ultimately assist borrowers in becoming bankable. The Commercial Lender is responsible for underwriting, credit presentations, closings, renewals, and disbursements to MoFi’s business loan applicants and clients. The Commercial Lender manages the credit analysts, and the position has strong upward mobility potential within MoFi’s lending team. This position reports to the Director of Lending.

JOB DUTIES

This position works with applicants and the senior credit officer during the underwriting process, and approval and closing. The position also works with active loan clients to assist in loan modifications and loan disbursements. Detailed job duties include:

1. Manage risk underwriting of applicants including financial, character, and structuring risk of the loan request.

2. Prepare and present loan memos for approval with loan committees.

3. Oversee the closing process including term sheets, document preparation, and title work.

4. Prescribe the ‘Path to Bankability’ for the client and work with the consulting team to hand off the client after closing.

5. Maintain accurate and complete records in MoFi’s loan database.

6. Oversee the process and underwriting for debt modifications.

7. Review all draw requests and oversee draw procedures.

8. Supervision and manage credit analysts

QUALIFICATIONS

· Bachelor’s degree

· 2+ years of experience as a credit analyst or loan officer in a financial institution

· Good understanding of business taxes and financial statements

· Good understanding of credit risk underwriting

· Detail oriented with an emphasis on accuracy

· Enjoys learning, problem solving, and collaboration

· Good customer service and communication skills

· Fluent in Spanish preferred but not a requirement for the position

· Familiarity with Salesforce preferred but not a requirement for the position

· Strong computer skills

Job Type: Full-time

Pay: $65,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Professional development assistance
• Referral program
• Retirement plan
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental pay types:

• Bonus pay

COVID-19 considerations:
MoFi has COVID-19 precautions in place.

Application Question(s):

• Why are you a good fit for this position?
• Why are you interested in working for MoFi?

Education:

• Bachelor's (Required)

Experience:

• credit analyst or loan officer: 2 years (Preferred)

Work Location: One location

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