What are the responsibilities and job description for the Consumer Loan Originator position at Sunbelt Federal Credit Union?
Consumer Loan Originator
SUMMARY/OBJECTIVE:
Provide information on credit union products and services according to all credit union policies and procedures and Federal and State rules and regulations. Responsible for interviewing and evaluating applicants for routine loans, and processing loan applications. Gather background information and analyze loan applicant's credit history.
Saturday rotation required; may also require occasional travel for training as needed.
Supervisory Responsibilities:
None
Essential Functions:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Assist members with the loan application process to ensure completeness of information.
- Pull credit reports for all accounts, verify debts, and 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.
- Validate automated approvals or denials of 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 needed.
- Implement new loan products and services in accordance with management direction.
- Cross sell lending and other credit union products.
- Other duties as assigned.
Competencies:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and/or abilities required.
- Ability to solve problems within established policies and procedures
- Ability to accept and perform new job responsibilities as needed
- Excellent communication skills (oral, written and listening), professional appearance and positive attitude
- Basic math skills required (ability to add, subtract, multiply, and divide using whole numbers, common fractions, and decimals)
- Have a thorough knowledge of Consumer Lending Compliance and Lending Regulations.
- Good working knowledge of credit models and credit scoring
Education:
- High school diploma or equivalent and at least two years of related work experience, preferably in a financial institution
Experience, Skills and Other Requirements:
- Must possess strong basic math skills, accuracy and attention to detail
- Exceptional oral and written communication skills required.
- Must possess interpersonal skills including courtesy, tact, and diplomacy as they are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.
- Computer Skills – MS Word, Excel, Outlook, and PowerPoint.
Certificates, Licenses and Registrations:
- Must successfully complete BSA training as required
- Employee must be bondable (insurable)
WORK ENVIRONMENT: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Primarily in-door office work with quiet to moderate noise level.
- Occasional work outside the office.
- Occasional travel for business-related functions.
- Occasional evening and weekend schedules required.
Position Type/Expected Hours of Work:
This is a full-time Non-Exempt position. Base salary plus Commission.
Days and hours of work are Monday through Thursday 8:00 a.m. to 5:00 p.m., Friday 8:00 a.m. to 5:30 p.m. and occasional Saturdays from 9:00 a.m. until 1:00 p.m.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit, stand, and walk; use hands to finger, handle, feel or grasp; reach with hands and arms; and talk or hear. The employee is frequently required to kneel, crouch, or stoop. The employee is occasionally required to lift and/or move 25-30 pounds.
Employment Requirements:
All applicants must meet the certain conditions of employment to be eligible for employment at Sunbelt Federal Credit Union:
- U.S. Citizenship
- Successfully passing a drug test for illegal drugs
- Successfully passing a background investigation
Benefits Offered:
- 401K, With employee match and profit shares.
- Medical, Dental & Vision, Life, STD, LTD
- Paid Holidays
- Employee Education Assistance Program (Tuition Reimbursement). Contract required with Terms and Conditions.
- PTO (Paid time off)
- Employee Assistance Program (EAP)
DECLARATION
This job description is designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. Sunbelt FCU is an Equal Opportunity Employer.
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