Job Description
Job Type
Full-time
Description
Job Summary: This role plays a pivotal part in advising, reviewing, and evaluating member's lending needs for personal loans and credit cards.
Schedule: Monday-Friday 8:30AM-6:00PM (Day off during the week), Saturdays 8:30AM-2:30PM.
Essential Job Duties: General loan responsibilities: - Evaluate loan applications and documentation by confirming creditworthiness.
- Improve loan applications and documentation by informing the applicant of additional requirements.
- Complete loan contracts by explaining provisions to the applicant; obtaining signatures and notarizations; collecting fees.
- Help members by answering questions, responding to requests.
- Maintain confidence by keeping loan information confidential.
- Ensure compliance with all regulatory requirements and internal policies.
- Manage the loan process from application to disbursement and beyond, including regular follow-up with members to assess their financial status.
- Educate and advise members on such matters as appropriate financial planning, policies, and rates.
- Provide comprehensive memo notes for the underwriter's review that contain relevant information to assist in loan decision-making.
- Perform other duties as assigned by management.
Consumer loan responsibilities: - Input information into the consumer loan operating system.
- Manage the loan process from application to disbursement and beyond, including regular follow-up with members to assess their financial status.
- Evaluate credit worthiness and utilize credit reports to verify accuracy of the loan application.
- Verify and inspect collateral offered.
- Calculate loan payments, determine loan to value (LTV) and ascertain loan payoffs to other financial institutions.
Requirements
Required Skills/Abilities: - Excellent interpersonal and negotiation skills.
- Excellent organizational skills and attention to detail.
- Strong proficiency with Microsoft Office applications. Familiar and comfortable with information technology, particularly digital means of communication.
- Strong organizational skills in managing multiple initiatives.
- Strong analytical and problem-solving skills.
- Proficiency in assessing creditworthiness and understanding credit scoring systems
- Proven ability to meet and exceed sales targets
- Bilingual abilities may be preferred, depending on the market served
Knowledge: - Basic knowledge of consumer loan products, regulations, and market trends
- Basic knowledge of compliance with federal and state lending regulations (e.g., Equal Credit Opportunity Act, Fair Lending, Truth in Lending Act)
Education and Experience: - Minimum one year' experience in financial institutions or related experience
- Minimum high school diploma/GED or more than one year of related experience
Physical Requirements: - Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift 5 pounds at times.
Job Tags
Full time, Work at office, Monday to Friday,