Credit Union Loan Officer - Humble
Credit union in Humble is seeking a Loan Officer. This is a direct hire opportunity. They are looking for a person with at least 3 years of loan officer experience and preferably someone who has experience working in a credit union. $18-20/hr + quarterly incentives, and the hours will be 8: 00 to 5: 00 on Monday - Friday.
The Loan Officer is responsible for receiving, reviewing, and processing applications for members. Meets with applicants to explain credit policies and to obtain additional loan information and documentation. Assembles and evaluates loan applications and approves those that meet initial lending criteria and are within approved lending limits. Presents any loan requests above lending limit for approval based on lending policies. Must meet monthly productivity sales goals as set by management on a yearly basis. Ensures that members and prospective members are promptly and professionally served. Provides general Credit Union information and cross-sells services. Responsible for creating a referral program to generate new business.
- High school graduate or equivalent required.
- Previous lending experience and prior credit union experience will be helpful.
- Minimum 3 years related experience.
- Knowledge of Credit Union loan services, policies, and procedures.
- Understanding of related legal and regulatory standards, and required loan documentation.
- Ability to maintain and prepare confidential records and reports, analyze credit reports, statistical and financial data, gather, assemble, correlate, and analyze facts and develop solutions.
- Knowledge of consumer and residential lending practices.
- The ability to effectively communicate and must have a pro-active attitude with all levels of the organization and to outside parties.
- Excellent oral, and written communications, present a professional image and attitude.
- Proficient in 10-key calculator, typing, and Microsoft Office products, including but not limited to Word, Excel, email, Outlook, and Data Processing systems.
- Ability to interact with other departments daily.
- Professional appearance and attitude.
- Strong analytical and financial skills.
- Must be flexible to deal with changing work hours and locations as needed.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
Assumes responsibility for effectively receiving, reviewing, and processing loan applications.
- Interviews, takes applications, gathers information and processes preliminary documentation on loan requests.
- Responsible for reviewing loan applications to make appropriate decision based on credit worthiness: answer questions, verify application for completeness, verify income and employment, conduct credit investigation, determine value and status of collateral (if any), and establish a signature limit (if applicable). Determine debt ratio, unsecured limits, and document loan decision in writing in loan packet and on the computer system. Approves loans within limits of authority and notifies applicants of loan decisions. Requests additional information if required.
- Coordinates and processes closings. Ensures that each loan is promptly and properly prepared, documented, processed, approved, and disbursed.
- Calculates terms, finance charges, and insurance on loans for proper disclosure on promissory notes.
- Assists in servicing loans by processing such items as loan payoff, refinances, provide book values on collateral, resolves/researches problems on loans, address changes, payment extensions, collateral releases, payment due date changes, and ACH and Payroll Deduction changes.
- Assumes responsibility for filing vehicle titles and prompt follow-up on titles still pending. Verifies car insurance coverage. Makes car appraisals.
- Sells credit life, disability, GAP, and extended warranties as required on a yearly basis.
- Assist with calls through the Lending Hunt Group and other departments as needed. Assist other loan officers as needed.
- Responsible for properly maintaining loan information on the computer and loan packet.
- Performs other duties as may be assigned by supervisors and management.
- Remains current on changes within the legal, regulatory, economic, competitive, and technology environments which may affect consumer lending programs and responsible for remaining current on all lending policies.
Assumes responsibility for establishing and maintaining effective and professional business relationships with members.
- Keeps members properly informed of Credit Union loan policies and services.
- Ensures that the Credit Union's quality and professional reputation is projected and maintained.
- Counsels members regarding money management and financial matters.