Hybrid Loan Officer Direct Lending chez Teachers Federal Credit Union

Join Our Team

For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities. 

Summary:

Responsible for underwriting consumer loans received online, by the call center or  through retail branch locations to increase company revenue by reviewing loan  applications with supporting documentation and decisioning loans based on established  criteria. 

Education and/or Experience:

• Associate’s degree or four years directly related experience.
• Minimum 2 years underwriting experience 
• Level 1 Loan Officer Authority
• Strong understanding of consumer loan contracts including APR, amortization schedule, and simple interest calculations
• Knowledge of credit union lending policy, lending regulations, and lending  fundamentals 
• Effective written and verbal communication skills
• Strong attention to detail and accuracy

Proficiencies: 

• Originate Loans 
• DNA 
• Credit Report Analysis
• Microsoft Applications including, but not limited to, Excel, Word and Power Point

Job Responsibilities:

• Reviews and analyzes an applicant’s consumer loan application based on credit  rating, borrowing history, and other risk factors. 
• Monitors application queues and provides timely decisions. 
• Engages applicants on pending consumer loan applications before 30 days to  provide a decision. 
• Identify leads and opportunities for other Teachers products to deepen the  member relationship. 
• Responsible for timely communication of loan decision and other lending  opportunities to the branch representatives assisting the applicants. 
• Analyze financial data such as proof of income and/or tax returns to ensure  accuracy, completeness, and perform a fraud review. 
• Discusses adverse actions according to proper regulatory guidelines with  applicants as needed. 
• Available for questions by phone, chat, or email from the branch and call center  personnel during normal business hours. 
• Makes recommendations on policy and procedure changes based on observation  and evolving needs in the lending environment.
• Assists branch personnel, Consumer Loan Processors and Analysts, in an  underwriting capacity, as needed during normal business hours. 
• Comply with Teachers policies, procedures, guidelines and related  laws/regulations. 
• Keep Consumer Lending Management abreast of potential fraudulent  applications, documents or trends that are putting the Credit Union at risk.
• Performs other duties as needed upon request by immediate supervisor

Benefits of Joining the Teachers Team:

We provide a competitive compensation and benefits package that includes, but is not limited to:

• Paid time off for vacation, personal days, and holidays

• Fully-funded pension plan

• 401(k) company contribution

• Teachers pays 100% of Dental & Vision premium

• Tuition reimbursement is offered to full-time employees

• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers 

The good faith range for this position is $35.30 - $42.50 an hour. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

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