Consumer Loan Officer 1

Sandia Laboratory Federal Credit Union•Edgewood, NM

57d

About The Position

Job Summary: This role plays a pivotal part in advising, reviewing, and evaluating member's lending needs for personal loans and credit cards. Schedule: Monday-Friday 8:30AM-6:00PM (Day off during the week), Saturdays 8:30AM-2:30PM. Essential Job Duties: General loan responsibilities: Evaluate loan applications and documentation by confirming creditworthiness. Improve loan applications and documentation by informing the applicant of additional requirements. Complete loan contracts by explaining provisions to the applicant; obtaining signatures and notarizations; collecting fees. Help members by answering questions, responding to requests. Maintain confidence by keeping loan information confidential. Ensure compliance with all regulatory requirements and internal policies. Manage the loan process from application to disbursement and beyond, including regular follow-up with members to assess their financial status. Educate and advise members on such matters as appropriate financial planning, policies, and rates. Provide comprehensive memo notes for the underwriter's review that contain relevant information to assist in loan decision-making. Perform other duties as assigned by management. Consumer loan responsibilities: Input information into the consumer loan operating system. Manage the loan process from application to disbursement and beyond, including regular follow-up with members to assess their financial status. Evaluate credit worthiness and utilize credit reports to verify accuracy of the loan application. Verify and inspect collateral offered. Calculate loan payments, determine loan to value (LTV) and ascertain loan payoffs to other financial institutions.

Requirements

Excellent interpersonal and negotiation skills.
Excellent organizational skills and attention to detail.
Strong proficiency with Microsoft Office applications. Familiar and comfortable with information technology, particularly digital means of communication.
Strong organizational skills in managing multiple initiatives.
Strong analytical and problem-solving skills.
Proficiency in assessing creditworthiness and understanding credit scoring systems
Proven ability to meet and exceed sales targets
Basic knowledge of consumer loan products, regulations, and market trends
Basic knowledge of compliance with federal and state lending regulations (e.g., Equal Credit Opportunity Act, Fair Lending, Truth in Lending Act)
Minimum one year' experience in financial institutions or related experience
Minimum high school diploma/GED or more than one year of related experience
Prolonged periods of sitting at a desk and working on a computer.
Must be able to lift 5 pounds at times.

Nice To Haves

Bilingual abilities may be preferred, depending on the market served

Responsibilities

Evaluate loan applications and documentation by confirming creditworthiness.
Improve loan applications and documentation by informing the applicant of additional requirements.
Complete loan contracts by explaining provisions to the applicant; obtaining signatures and notarizations; collecting fees.
Help members by answering questions, responding to requests.
Maintain confidence by keeping loan information confidential.
Ensure compliance with all regulatory requirements and internal policies.
Manage the loan process from application to disbursement and beyond, including regular follow-up with members to assess their financial status.
Educate and advise members on such matters as appropriate financial planning, policies, and rates.
Provide comprehensive memo notes for the underwriter's review that contain relevant information to assist in loan decision-making.
Perform other duties as assigned by management.
Input information into the consumer loan operating system.
Evaluate credit worthiness and utilize credit reports to verify accuracy of the loan application.
Verify and inspect collateral offered.
Calculate loan payments, determine loan to value (LTV) and ascertain loan payoffs to other financial institutions.