Loan Officer chez ProMedica Federal Credit Union

Description

 Description

 Are you an experienced Loan Officer with a passion for helping members achieve their financial goals? We are seeking a dedicated and detail-oriented Loan Officer to join our dynamic team. In this role, you’ll leverage your expertise to interview applicants, evaluate creditworthiness, and provide lending solutions tailored to our members’ needs. If you’re ready to make a meaningful impact in a collaborative and member-focused environment, we want to hear from you!

Responsibilities:

• Interview loan applicants to gather background information and assess financial needs.
• Provide information on loan products and recommend options that best meet member needs.
• Complete loan applications over the phone and/or electronically.
• Pull and evaluate credit reports, verify debts, and estimate monthly payments for accuracy.
• Calculate debt-to-income ratios and determine secured versus unsecured debt.
• Identify collateral needs and develop repayment plans with members.
• Determine the eligibility of loan co-makers based on statements and credit ratings.
• Approve or deny loan applications within authorized limits; escalate applications outside limits as needed.
• Verify the accuracy of loan amounts, terms, and repayment schedules for approved loans.
• Notify applicants of loan decisions and clearly explain reasons for denial when applicable.
• Provide recommendations or alternative solutions to help members secure financing in the future.
• Cross-sell lending and other credit union products and services.
• Stay informed on changes in consumer lending trends, policies, and regulations.
• Assist in various areas of the loan department as needed.

Requirements

Requirements:

• Professional, well-developed interpersonal skills are essential for interviewing applicants and representing the Credit Union in a positive manner.
• Knowledge of consumer loan policies, credit-granting criteria, interest rate structures, and required documentation for various loan types.
• Strong interviewing skills and techniques.
• Associate’s degree or higher preferred (High School Diploma required).
• Minimum two (2) years of experience in a lending environment within a credit union or financial institution required; experience in loan interviewing preferred.
• Intermediate math skills required (calculations and concepts involving decimals,      percentages, fractions, etc.).
• Ability to meet Credit Union attendance standards.

Physical Capabilities:

The physical demands and work environment described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

While performing the duties of this job, the employee is regularly required to sit for long periods; walk occasionally; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds.