Senior Loan Officer

Illinois Educators Credit Union•Springfield, IL

7d•Onsite

About The Position

The Senior Loan Officer position has an important role in working with our members to help achieve their financial goals. This position will oversee the loan process and researching loan product options with our membership. Analyze complex loan applications and communicate decisions with borrowers. Ensure the required loan origination processes are completed per regulations and internal policies.

Requirements

5+ years in Lending position or direct related experience
Possess interpersonal and communication skills to meet with members requiring a high degree of confidentiality related to financial goals
Able to self-direct and manage multiple tasks
Strong written and verbal communication skills
Understanding of lending terms
Working knowledge of Microsoft Office and industry software preferred
Ability to hold NMLS designation preferred
Associates degree or recognized industry certifications or work experience as equivalent

Nice To Haves

Experience in Indirect Lending and Home Equity experience a plus
Bachelor's degree in Business or related field preferred

Responsibilities

Participates in the loan application process for membership via online and in-person contacts for all loan products of the Credit Union.
Maintains working knowledge of products and services along with industry-standard financing to provide sound advice to membership.
Ensure compliance of required loan documentation and internal policies with an understanding of underwriting standards.
Analyzes credit reports, income verification, collateral and other financial data to form sound lending decisions.
Maintain loan portfolio performance and implement strategies to mitigate risk and developing credit.
Assist in training and mentoring junior lending staff to promote department performance.
Actively work to develop and maintain business leads and referral sources to support department growth.
Work to develop lending products that meet market demands and support department goals.
Assist with monitoring and resolution of delinquent accounts.
Support Audit request and documentation as needed.
Perform other duties as assigned to support the department activities.