Role
Senior Consumer Loan Officer
Reports To:
VP, Residential and Consumer Lending
About us:
Naveo is a not-for-profit financial institution (with locations in Somerville and Cambridge) focused on serving our members as partners, guiding them towards their financial goals. We embrace their personalities, cultures, and ambitions, tailoring our services to fit their needs and creating a financial plan that matches up with their current and future goals. At Naveo, it’s your journey.
About the role:
Directs and coordinates Naveo’s Consumer Loan activities by performing the following duties personally or through colleagues and subordinates
- Create and maintain digital and physical loan files
- Collect, track and review for accuracy all loan application documentation
- Obtain all credit reports, verifications, Social Security Verifications, Tax Return Transcripts
- Determine loan decisioning based on CU policies, procedures and guidelines.
- Review with members reasons for denial and explore alternate options when loan requests are denied.
- Determine collateral needs and payment plans for members applying for loans.
- Determine eligibility of co-maker from co-maker’s statement and credit rating.
- Verify accuracy of loan amounts and repayment terms on approved loan applications.
- Manage loan disbursements and closings
- Effectively communicate with members and co-workers regarding the loan process.
- Implement new loan products and services in accordance with management direction.
- Train and support branch personnel in origination and processing of consumer loans.
- Help develop new consumer lending products and channels, and coordinates implementation, coordinating with Naveo departments and vendors, and assures regulatory and policy compliance.
- Responsible for monitoring and processing loans through LPQ portal
- Periodic survey of competitive interest rate for consumer credit, and recommendations for pricing adjustments
- Responsible for various monthly consumer reports and pipeline.
Our ideal candidate looks like:
Education/Experience:
· Associates Degree preferred
· Two to Four years lending experience.
· Ability to interpret financial statements
Have some of the above skills or qualifications, but not others? Contact us and let us know why you think you’d be a fit.
MORE ABOUT US:
Our team is made up of experienced and dedicated employees seeking to make an impact in the communities we serve by supporting our local economy, small businesses and community organizations. Interested in bringing value to our members and neighbors? Seeking to develop your skills? You might be a fit for one of our openings.
Naveo Credit Union, formerly Cambridge Portuguese Credit Union, was incorporated in 1928 by members of the Portuguese-American community as a place for their community to grow their savings with confidence and borrow money at low rates. In 2014, we changed our name to Naveo Credit Union to complement the changing demographics of the area -- we welcome everyone in the community to become a member. We are socially responsible, supporting local non-profit organizations that serve our membership.
Naveo is an equal opportunity employer that values diversity. We do not discriminate based on perceived or actual race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, or status as an individual with a disability. Naveo is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment and activities.
