Consumer Lending Specialist

Industrial Federal Credit Union • Lafayette, IN

7h

About The Position

Originates and processes loan applications. Serves as a liaison between the lending team, members, and employees to ensure compliance.

Requirements

• One year to three years of similar or related experience.
• A high school education or GED is required.
• Effective communication with contacts inside and outside the organization is essential.
• Fostering relationships with other entities (companies and individuals) is necessary and often requires the ability to influence and sell ideas or services to members or others.
• The role requires a significant level of emotional intelligence.
• General office equipment such as calculators, computers, photocopiers, and scanners.
• Maintains confidentiality related to credit union operations and work-related information.
• Proficient in Microsoft Office software.
• Must have a proven track record of selling and servicing loans.
• Must have a working knowledge of regulations affecting consumer lending.

Responsibilities

• Processes, originates, and reviews loans, credit card applications, and payment extensions including but not limited to verification of collateral, income, credit, and debt ratios.
• Explains loan programs and advises members on loan options and requirements.
• Gathers and organizes supporting documents for loan closings. Verifies and examines documents for accuracy and completeness.
• Open membership accounts.
• Communicate loan status to the Loan Officer for review and approval.
• Verifies loan amount, rate, and term by reviewing loan packets for accuracy, compliance, and completeness. Ensure compliance with federal lending and credit union regulations, IFCU policies and procedures.
• Identifies opportunities to cross-sell products or services to members.
• Perform follow up on loan requests, completes tracking logs, and prepares reports as needed.
• Acts as a liaison between members and employees. Schedules and assists in preparing approved loans for closing in Member Centers.
• Manage incoming calls to support all areas of lending.
• Performs other job-related duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 101-250 employees