Loan Officer

Join 4U Credit Union!
4U Credit Union is here 4U our members, community members, potential members: For Today. For Tomorrow. For You. We are looking for an individual who will exceed the expectations of our members to join our team.

Benefits of Working at 4U Credit Union:

• Competitive Pay
• Growth Opportunities
• Health Insurance
• Dental
• Vision (optional)
• Life Insurance
• Long Term Disability
• 401K
• Personal Days
• Sick Time
• Vacation Days
• 11 Federal Holidays Paid Off
• Birthday Paid Off

Summary

Responsible for receiving, reviewing, and processing applications for consumer, auto, home improvement, second mortgage, home equity, credit cards, and all other loan products. Meets with applicants to explain credit policies and to obtain additional loan information and documentation. Assembles and evaluates loan applications and approves those that meet initial lending criteria and are within approved lending limits. Presents loan requests above lending limit for approval as per loan policy. Ensures members and prospective members are promptly and professionally served. Provides general Credit Union information and cross-sells services.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. Interviews, takes applications, gathers information, and processes preliminary documentation on loan requests.

2. Evaluates and verifies loan applications and credit criteria. Computes debt ratios. Verifies employment and income. Determines value of collateral. Approves loans within limits of authority and notifies applicants of loan decisions. Requests additional information if required.

3. Coordinates and processes closings. Ensures each loan is promptly and properly prepared, documented, processed, approved, and disbursed.

4. Calculates terms, finance charges, and insurance on loans for proper disclosure on loan documents or credit agreements.

5. Assists in servicing loans by processing such items as payoff, refinances, problem loan workout arrangements, address changes, payment extensions, collateral releases, and payment due date changes.

6. Sells credit life, disability, GAP, and extended warranties.

7. Performs duties of area personnel as required.

8. Ensures lending operations are conducted in accordance with established Company policies and are legally compliant. Ensures loan requests are properly documented.

9. Gathers information and prepares title work.

10. Figures TT&L and determines standard presumptive value on individual auto sales.

11. Files Uniform Commercial Code with the State.

12. Annually checks and keeps record of all real estate taxes.

13. Makes collection calls and sends repossession letters as needed.

14. Handles and keeps all repossession logs.

15. Processes any insurance claims for damaged repossessions.

16. Resolves members' requests and questions promptly and courteously. Provides NADA values and answers questions regarding government loans and real estate policies.

17. Keeps members properly informed of Credit Union loan policies and services.

18. Ensures the Credit Union’s professional reputation is projected and maintained.

19. Counsels members regarding money management and financial matters.

20. Assists area personnel as needed. Assists other Loan Officers.

21. Assists in training and cross training loan support personnel.

22. Completes reports and records promptly and accurately. Types loans and all supporting documents as required.

23. Attends meetings as required.

24. Keeps Management informed of area activities and of any significant problems.

25. Actively and professionally cross sells Credit Union products and services.

26. Stays informed regarding local and national economic conditions and legal and regulatory changes.

27. Ensures proper maintenance, cleanliness, and security of work area, desks, equipment, etc.

28. Performs other job-related duties as assigned.

PERFORMANCE MEASUREMENTS

1. Lending functions are effectively performed in accordance with established Credit Union policies and with legal and regulatory requirements.

2. Good business relations exist with members and area dealers. Programs and services are properly and thoroughly explained, and members' needs accurately assessed. Members' problems are courteously and promptly resolved.

3. Required reports are accurate and timely.

4. Good working relationships exist with area personnel and with management. Area personnel are assisted as needed.

5. Credit applications and related financial data are closely and effectively analyzed and evaluated.

6. Personal delinquency write-off numbers are in line with Credit Union objectives.

QUALIFICATIONS

Education/Certification: High school graduate with required loan training and certification.

Required Knowledge: Knowledge of Company loan services, policies, and procedures.

Understanding of related legal and regulatory standards and required loan documentation.

Knowledge of consumer and residential lending practices.

Experience Required: Previous lending experience or experience with full-service financial institution helpful.

Minimum one-year related experience.

Skills/Abilities: Excellent interviewing, communication, and public relations skills.

Professional appearance and attitude.

Strong analytical and financial skills.

Ability to operate related computer applications, and other business equipment including

calculators, typewriter, printer, telephone, and notary stamp.

Good typing skills.

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Talking: Especially where one must frequently convey detailed or important instructions or ideas

accurately, or quickly.

Average Hearing: Able to hear average or normal conversations and receive ordinary information.

Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers.

Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or

operate machinery.

Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10-30 lbs. of force occasionally.

(almost all office jobs.)

WORKING CONDITIONS

None: No hazardous or significantly unpleasant conditions (such as in a typicaloffice).

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Reasoning Ability: Ability to deal with a variety of variables under only limited standardization.

Able to interpret various instructions.

Mathematics Ability: Ability to compute discount, interest, profit, and loss; selling price; and ratio, proportion,

and percentage.

Able to perform very simple algebra.

Language Ability: Ability to read a variety of books, magazines, instruction manuals, and encyclopedias.

Ability to prepare memos, reports, and essays using proper punctuation, spelling, and

grammar.

Ability to communicate distinctly with appropriate pauses and emphasis, correct.

pronunciation (or sign equivalent), and variation in word order using present, perfect, and

future tenses.

INTENT AND FUNCTION OF JOB DESCRIPTIONS

Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well-constructed job descriptions are an integral part of any effective compensation system.

All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.

4U Federal Credit Union is an Equal Opportunity Employer

Job Type: Full-time

Pay: From $40,551.68 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Experience:

• Customer service: 1 year (Required)
• Loan officer: 1 year (Required)

Work Location: In person

Salary : $40,552