Consumer & Indirect Loan Officer IV

ANDREWS FEDERAL CREDIT UNION•Suitland, MD

9d•Hybrid

About The Position

Andrews Federal is seeking a highly motivated Consumer & Indirect Loan Officer IV to join their team. This role is responsible for underwriting quality consumer loans in compliance with applicable laws and regulations, handling both indirect Dealership Loans and Direct Loans. The incumbent will build and maintain relationships with dealers, provide timely responses to dealers and members regarding loan decisions, and ensure loan packages are complete. The goal is to generate acceptable quality loans for the credit union and its members. Andrews Federal is a transformative, international financial institution, proud to serve our military and communities, with a positive workplace culture certified as a Great Place to Work for 4 consecutive years.

Requirements

5 plus years loan underwriting experience in a lending environment preferred, or a college degree in a related field and one year of lending or underwriting experience.
Working knowledge of applicable laws and regulations related to lending (Reg B, Reg Z, and Fair Credit Reporting Act).
Prior underwriting and loan approval experience is preferred.
Strong mathematical and working knowledge of MS Office 365 suite applications.
Must be detail-oriented and able to operate a variety of office equipment.
Excellent organizational, written and verbal communication skills.
Must be willing to work Saturday hours as requested by the Manager.

Nice To Haves

College degree in a related field

Responsibilities

Analyze loan applications, credit bureau reports, collateral evaluation, member account data, financial statements, tax returns, pay stubs and other documentation to make sound and consistent loan decisions on consumer loans up to the assigned limits and loan approval authority level.
Maintain productivity and quality of service standards and expectations.
Assist lending staff with loan policies and complicated loan scenarios.
Determine debt-to-income ratio, collateral valuation, and general loan quality.
Ensure all loan decisions are based on an accurate and thorough understanding of each member's financial needs and conditions, and are made in accordance with guidance contained in the policies and procedures manual.
Utilize appropriate investigative techniques and counter-offer possibilities to maximize loan opportunities.
Discuss loan programs and alternatives with dealers and members; notify dealers and/or members of loan decisions.
Serve as financial advisor and constructive financial critic to the credit union's dealers and members.
Properly administer the creditworthiness and documentation of all loans that are originated.
Coordinate the elimination of any obstacles to closing.
Mentor and QC loans for lower-level Loan Officers, providing guidance and support as needed.
Oversee the daily operations for the Loan Officers and loan underwriting department to ensure that Direct and Indirect areas are covered, monitoring staffing and loan queues daily.
Maintain an accurate record of all decisions and actions taken.
Meet required goals and standards for underwriting and number of loan applications reviewed daily.
Recognize and pursue opportunities for cross-sales for Direct Loans.
Collaborate with the manager to develop strategies to increase dealer participation.
Utilize reports to target indirect dealer business activity.
Complete Andrews Federal Business Secrecy Act (BSA) training program which includes receipt of a satisfactory testing score annually.
Perform additional duties and responsibilities as directed.

Benefits

12 paid holidays a year including your birthday
Affordable healthcare plans
Employer Paid FSA accounts
Career development, training opportunities, career coaching, and tuition reimbursement
Retirement plans with a competitive matching option
Childcare stipend to help working families

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