Loan Officer
Inspire Culture First Inspire Culture First Newtown, PA Newtown, PA Full-time Full-time $55,000 - $62,000 a year $55,000 - $62,000 a year 8 days ago 8 days ago 8 days ago With 4 branches in Bucks County, PA and $300 million in assets and over 15,000 members, we're seeking an energetic professional to join our growing team as a full-time Loan Officer.
The Loan Officer will build on the relationships with current Credit Union members by understanding their needs and suggesting credit union products and service to address those needs.
The Loan Officer will be responsible for building a trusting and honest relationship during each member interaction, both inside and outside of the Credit Union.
The position will focus on building relationships with Inspire FCU members by providing accurate and timely information on credit union products and services.
Position is responsible for interviewing and evaluating applicants for loans and processing various consumer and real estate loan applications as well as gathering background information, analyze loan applicants' credit history and be authorized to make credit granting decisions.
Approve or disapprove loan applications based on credit analysis.
Prepare documentation and complete loan settlement procedures.
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.
ESSENTIAL FUNCTIONS 1.
Interview loan applicants and provide information on loan products and alternative products that best meet member's needs.
Request and review all required information and documentation to secure loan.
2.
Complete loan applications over the phone and/or electronically.
3.
Gather background information on loan applicants by interviewing loan applicants and obtaining credit bureau reports.
4.
Handle the loans of highest complexity, value, or risk.
5.
Determine eligibility of loan co-maker from co-maker's statement and credit rating.
6.
Calculate debt-to-income ratios on loan applicants and calculate how much of a loan applicant's debt is secured or unsecured.
7.
Assist members with the loan application process to ensure completeness of information within all loan platforms and formats.
8.
Pull and evaluate credit reports for all accounts, verify debts, estimate monthly payments for outstanding debts listed and add them to debts on application.
9.
Determine collateral needs and payment plans for members applying for the loans.
10.
Approve or deny loan applications within pre-established limits set forth by the AVP Consumer Lending Manager; notifies AVP Consumer Lending Manager regarding any loan applications outside of authorized unsecured and secured limits.
11.
Verify the accuracy of loan amounts and repayment terms on approved loan applications.
12.
Notify applicant of loan decision.
Correspond with members, applicants and creditors to resolve questions regarding application information.
13.
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 future.
14.
Cross-sell lending and other credit union products.
15.
Review developing laws and regulations as they apply to loan security agreements.
16.
Willingness to work hours that coordinate with business needs.
17.
Cross-sell lending products offered by the credit union.
18.
Cross-sell all other products offered by the credit union.
19.
Assist in various areas of the loan department when needed 20.
Keep abreast of changes in consumer loan trends.
NOTE:
The list of essential functions is not exhaustive.
It may be supplemented as necessary.
Qualifications:
1.
Professional, well-developed interpersonal skills essential for interviewing loan applicants and projecting a positive image as a representative of the Credit Union 2.
Work requires knowledge of consumer loan policy, credit granting criteria, interest rates and how they are computed, and required documentation for each type of loan.
Knowledge of interviewing skills and techniques required.
3.
Associate's Degree or Higher Preferred (High School Diploma Required) 4.
Two years of experience in a lending environment of a credit union or financial institution required.
Experience in loan interviewing preferred.
5.
Intermediate math skills required (calculations and concepts involving decimals, percentages, fractions, etc.
).
6.
Ability to meet Credit Union attendance standards is required.
7.
Must be bondable.
EOE Interested candidates should fill out the form below to apply.
Job Type:
Full-time Pay:
$55,000.
00 - $62,000.
00 per year
Benefits:
401(k) 6% Match Dental insurance Employee assistance program Flexible spending account Health insurance Life insurance Paid time off Professional development assistance Retirement plan Payment frequency:
Paid biweekly Schedule:
8 hour shift Work setting:
In-person Office
Experience:
Lending:
1 year (Preferred) Banking:
2 years (Preferred) Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
The Loan Officer will build on the relationships with current Credit Union members by understanding their needs and suggesting credit union products and service to address those needs.
The Loan Officer will be responsible for building a trusting and honest relationship during each member interaction, both inside and outside of the Credit Union.
The position will focus on building relationships with Inspire FCU members by providing accurate and timely information on credit union products and services.
Position is responsible for interviewing and evaluating applicants for loans and processing various consumer and real estate loan applications as well as gathering background information, analyze loan applicants' credit history and be authorized to make credit granting decisions.
Approve or disapprove loan applications based on credit analysis.
Prepare documentation and complete loan settlement procedures.
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.
ESSENTIAL FUNCTIONS 1.
Interview loan applicants and provide information on loan products and alternative products that best meet member's needs.
Request and review all required information and documentation to secure loan.
2.
Complete loan applications over the phone and/or electronically.
3.
Gather background information on loan applicants by interviewing loan applicants and obtaining credit bureau reports.
4.
Handle the loans of highest complexity, value, or risk.
5.
Determine eligibility of loan co-maker from co-maker's statement and credit rating.
6.
Calculate debt-to-income ratios on loan applicants and calculate how much of a loan applicant's debt is secured or unsecured.
7.
Assist members with the loan application process to ensure completeness of information within all loan platforms and formats.
8.
Pull and evaluate credit reports for all accounts, verify debts, estimate monthly payments for outstanding debts listed and add them to debts on application.
9.
Determine collateral needs and payment plans for members applying for the loans.
10.
Approve or deny loan applications within pre-established limits set forth by the AVP Consumer Lending Manager; notifies AVP Consumer Lending Manager regarding any loan applications outside of authorized unsecured and secured limits.
11.
Verify the accuracy of loan amounts and repayment terms on approved loan applications.
12.
Notify applicant of loan decision.
Correspond with members, applicants and creditors to resolve questions regarding application information.
13.
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 future.
14.
Cross-sell lending and other credit union products.
15.
Review developing laws and regulations as they apply to loan security agreements.
16.
Willingness to work hours that coordinate with business needs.
17.
Cross-sell lending products offered by the credit union.
18.
Cross-sell all other products offered by the credit union.
19.
Assist in various areas of the loan department when needed 20.
Keep abreast of changes in consumer loan trends.
NOTE:
The list of essential functions is not exhaustive.
It may be supplemented as necessary.
Qualifications:
1.
Professional, well-developed interpersonal skills essential for interviewing loan applicants and projecting a positive image as a representative of the Credit Union 2.
Work requires knowledge of consumer loan policy, credit granting criteria, interest rates and how they are computed, and required documentation for each type of loan.
Knowledge of interviewing skills and techniques required.
3.
Associate's Degree or Higher Preferred (High School Diploma Required) 4.
Two years of experience in a lending environment of a credit union or financial institution required.
Experience in loan interviewing preferred.
5.
Intermediate math skills required (calculations and concepts involving decimals, percentages, fractions, etc.
).
6.
Ability to meet Credit Union attendance standards is required.
7.
Must be bondable.
EOE Interested candidates should fill out the form below to apply.
Job Type:
Full-time Pay:
$55,000.
00 - $62,000.
00 per year
Benefits:
401(k) 6% Match Dental insurance Employee assistance program Flexible spending account Health insurance Life insurance Paid time off Professional development assistance Retirement plan Payment frequency:
Paid biweekly Schedule:
8 hour shift Work setting:
In-person Office
Experience:
Lending:
1 year (Preferred) Banking:
2 years (Preferred) Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
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