Loan Officer
SUMMARY
Provide information on credit union products and services to members according to all credit union policies and procedures and appropriate regulations. Prepare, analyze, process, and document all required forms and related documentation for consumer loan products. Approve or deny loan applications within prescribed parameters. Promote credit union products and services.
Duties and Responsibilities
Interview consumer loan applicants and provide information on consumer loan products that best meet the member's needs. Request and review all required information and documentation to secure a loan.
Assist member in completing loan applications in person/over the phone/electronically.
Obtain and evaluate credit reports.
Calculate debt-to-income ratios on consumer loan applicants.
Determine collateral needs and payment plans.
Notify member of loan decision. Correspond with members, applicants, and creditors to resolve questions regarding applicant information.
Recommend and outline terms of loan. Inform perspective borrowers of loan commitments.
Manage delinquent loan accounts for the credit union.
Work with vehicle dealer network.
Completes loan contracts. Explains terms to borrower and obtains necessary signature and collateral security.
Requires some Saturday hours.
Other duties as assigned.
Loan Officer Skills and
Qualifications:
Audit, Financial Skills, Financial Software, Customer Service, Thoroughness, Confidentiality, Analyzing Information , Decision Making, Verbal Communication, Professionalism, Quality Focus
Competitive wage based on experience and qualifications with benefits available. EOE
Benefits: Health Insurance, Dental Insurance, Sick Leave, Vacation, Holidays
Estimated Salary: $20 to $28 per hour based on qualifications.
Provide information on credit union products and services to members according to all credit union policies and procedures and appropriate regulations. Prepare, analyze, process, and document all required forms and related documentation for consumer loan products. Approve or deny loan applications within prescribed parameters. Promote credit union products and services.
Duties and Responsibilities
Interview consumer loan applicants and provide information on consumer loan products that best meet the member's needs. Request and review all required information and documentation to secure a loan.
Assist member in completing loan applications in person/over the phone/electronically.
Obtain and evaluate credit reports.
Calculate debt-to-income ratios on consumer loan applicants.
Determine collateral needs and payment plans.
Notify member of loan decision. Correspond with members, applicants, and creditors to resolve questions regarding applicant information.
Recommend and outline terms of loan. Inform perspective borrowers of loan commitments.
Manage delinquent loan accounts for the credit union.
Work with vehicle dealer network.
Completes loan contracts. Explains terms to borrower and obtains necessary signature and collateral security.
Requires some Saturday hours.
Other duties as assigned.
Loan Officer Skills and
Qualifications:
Audit, Financial Skills, Financial Software, Customer Service, Thoroughness, Confidentiality, Analyzing Information , Decision Making, Verbal Communication, Professionalism, Quality Focus
Competitive wage based on experience and qualifications with benefits available. EOE
Benefits: Health Insurance, Dental Insurance, Sick Leave, Vacation, Holidays
Estimated Salary: $20 to $28 per hour based on qualifications.
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