Commercial Lender
| Job Overview |
Alternate Titles: Commercial Loan Officer
Commercial Lenders specialize in loans to businesses, which often use loans to start companies, buy supplies, and upgrade or expand operations. Commercial loans are often larger and more complicated than other types of loans. Because companies have such complex financial situations and statements, commercial loans usually require human judgment in addition to the analysis by underwriting software. Furthermore, some commercial loans are so large that a single bank will not provide the entire amount requested. In such cases, Commercial Lenders may have to work with multiple banks to put together a package of loans. Commercial Lenders evaluate, analyze, and interpret data regarding real property, investments, pricing, market stability, and future trends, by means of information provided within securities publications, financial material, and personal interviews. They are responsible for processing loan data and credit information, analyzing and evaluating credit worthiness, and setting payment terms.
Commercial Lenders are required to have a Bachelor’s degree in banking, finance, or economics. A strong background in business math, business law, and analysis and comparison is preferred.
Source: U.S. Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook