What are the responsibilities and job description for the Loan Officer position at Mill Town Credit Union?
Mill Town Credit Union is seeking a full-time Consumer Loan Officer.
Bilingual in English and Spanish is preferred, but not required.
This is an in office position.
The Consumer Loan Officer would Provide information on credit union products and services to members in accordance with credit union policies and procedures and State and Federal rules and regulations. Responsible for interviewing and evaluating applicants for loans and processing various loan applications. Gather background information and analyze loan applicants’ credit history. Approve or deny loan applications based on analysis.
Duties and Responsibilities
Perform underwriting and disburse funds for all varieties of consumer loans, including indirect auto loans and HELOC loans.
Assist members with the loan application process to ensure completeness of information.
Pull credit reports for all accounts, verify debts, estimate monthly payments for any outstanding debts not listed and add them to debts on application.
Calculate debt-to-income ratios on loan applicants.
Complete loan applications over the phone and/or electronically.
Determine collateral needs and payment plans for members applying for loans.
Determine eligibility of loan co-maker from co-maker’s application and credit rating.
Approve or deny loan applications.
When a loan is denied, explain reasons for denial in a professional, courteous manner. Work with member to provide recommendations or alternative options for other possible ways to secure a loan in the future.
Verify the accuracy of loan amounts and repayment terms on approved loan applications.
Complete loan documents and disburse loans when approved.
Implement new loan products and services in accordance with management direction.
Cross-sell lending and other credit union products, including Gap and insurance.
Provide backup coverage on the teller line and other member services.
Maintain auto dealer relationships.
Follow loan policies. Ensure that the credit union is in compliance with federal and state regulations.
Perform other job related duties as assigned.
Job Type: Full-time
Pay: $47,000.00 - $50,000.00 per year
Benefits:
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
Work Location: In person
Salary : $47,000 - $50,000