Senior Loan Officer
About The Position
We're strong and growing. In a company with such a long and storied history, this may be the most exciting and important time to be a part of Northwestern Mutual. We're strong, innovative and growing. We invest in our people. We provide opportunities for employees to grow themselves, their career and in turn, our business. We care. We make a positive difference in our communities. Nationally, thousands have benefitted from our support of research and programs to fight childhood cancer. Each year, our Foundation, employees and financial representatives donate time, talent and financial support to causes they're passionate about. About the Job: Provide professional and friendly lending services to members, collaborating with them to find the right solution for their financing needs. Process loan applications including loan interview, underwriting, document preparation, loan closing and follow-up.
Requirements
- Associate’s degree in business, finance or accounting, or equivalent experience.
- 2 years of previous experience in a bank or credit union with lending experience.
- Strong, proven customer service skills and ability to interact with technology vendors and service providers.
- Ability to work independently within the framework of credit union guidelines.
Responsibilities
- Consult with members and potential members regarding loan options available.
- Provide recommendations that are in the best interests of the borrower.
- Gather vital data and underwrite loan applications according to credit union lending policy.
- Consult with management if loan is outside of guidelines or in excess of lending limit.
- Approve/deny the loan request and communicate the decision to the applicant.
- Accurately prepare all necessary loan documents for the type of loan granted.
- Close loans and disburse proceeds.
- Assist members with various repayment plans.
- Ensure that a lien is placed on any collateral taken.
- Assist with incoming phone calls.
- Assist in the installation of new products, writing appropriate procedures and researching any associated compliance issues.
- Assist front-line staff with lending questions, teller operations, back office duties and phone support and training.
- Mentor and train loan processors.
- Provide input on critical initiatives that make valuable contributions to the lending area and eliminate unnecessary work.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
