Loan Officer - SC

TDECU•Post Oak, MO

3d•Onsite

About The Position

As an Underwriter, will be responsible for underwriting new loan applications according to our RBL guidelines and cross selling new products and services for members. The Underwriter will evaluate each member account and suggest solutions which will add value to their membership. At the same time, this will also build value to the credit union within our risk guidelines. As a loan processor responsible for booking consumer loans and meeting required individual floor goals and department goals.

Requirements

Experience reading and interpreting credit reports
Familiarity with computers and banking applications/software
Solid understanding of lending products and practices
Excellent communication, and interpersonal skills. Attention to detail.
Customer satisfaction orientation and sales competencies

Nice To Haves

Ability to evaluate the member’s needs and suggest solutions from our products and services
Knowledge in lending and Loancierge system
Ability to define problems, collect data, establish facts and draw valid conclusions
Ability to calculate figures and amounts such as interest, rates, percentages, ratios
Ability to read, analyze and interpret instructions, procedures and regulations
One-year PC experience including word, excel, and other Microsoft applications
Complete working knowledge of credit union products and services, including but not limited to: loans, savings accounts, certificates of deposits, IRA programs, share draft programs, ATM and debit card services, direct deposit, payroll deduction, BALANCE, Alert Me, CUNA Mutual insurance products, and more
Knowledgeable about the credit union system, its structure, common language and acronyms, philosophy and the credit union’s mission statement

Responsibilities

Responsible for providing members with proper disclosures, collect signatures, forms and proper ID’s for all accounts/services
Have in-depth knowledge of our products and services in order to assist the members on the benefits of a new loan.
Responsible for all aspects of setting up new loans
Interview applicant and assist with detailed information regarding their specific financial needs
Process loan application in accordance with CU policies and procedures and risk-based guidelines.
Gather required documentation such as proof of income, employment and references for proper underwriting
Data entry of loan application and all documentation into Loancierge; review credit reports and prepare debt to income ratios and all aspects of underwriting loans
Prepare closing documents with disclosures, schedule closing interview with loan processing and disburse funds as specified
Cross-sell credit related insurance products (GAP, credit insurance, extended warranties)
Look up NADA book values and assist members in finding new and used cars; use Dealer Select program
Prepare title transfer and CU lien documents for Auto, RV, Boat and motorcycle purchases or refinances.
Process changes in terms for existing loans such as due date modification and frequency changes
Work Contact Manager Queue as required and in a timely fashion (24 hours or less)
Provide adverse action on loans denied.
Responsible for compliance of all Federal and State rules and regulations pertaining but not limited to Bank Secrecy Act, Anti-Money Laundering, Bank Bribery Act, OFAC, NCUA Privacy Regulations, Reg DD, Reg D, Reg E, Reg CC, Reg Z, Reg B, Service Members Civil Relief, FCRA/FACTA, and Right to Financial Privacy Act.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.