2 Loan Officer Jobs in Warren, MI
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A B D Federal Credit Union is Hiring a Loan Officer Near Warren, MI
Full Time
Location:
Main Branch, Warren, MI
Schedule:
Monday to Friday
Benefits
? 401k 4% Match
? Health Insurance
? Dental Insurance
? Vision Insurance
? Life Insurance
? COLA
Job Description
As a loan officer, you are responsible for helping customers research loans and navigate the application, forward approval requests and assist in closing process. Duties include recommending loan options to clients and explaining their terms, determining risks for loaning to clients based on their credit and processing paperwork. Your attention to detail, excellent communication skills and the ability to thrive in a fast-paced environment will be crucial to your success. You will work alongside a team of Loan officers, where you will regularly report to CEO and Board of Directors.
Job Responsibilities
? Evaluate credit worthiness by processing loan applications and documentation within specified limits.
? Interview applicants to determine financial eligibility and feasibility of granting loans.
? Determine all applicable ratios and metrics and set up debt payment plans.
? Communicate with clients either to request or to provide information.
? Complete loan contracts and counsel clients on policies and restrictions
? Maintain and update account records.
? Assess customer needs, explore all options, and introduce different types of loans.
? Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish quotas.
? Go the ?extra mile? to build trust relationships, customer loyalty and satisfaction throughout the underwriting process
? Operate in compliance with laws and regulations and adhere to lending compliance guidelines.
? Make decisions to forward loan request to higher level (Management or Credit Committee) for approval.
Requirements
? Minimum 2-3 years in lending experience
? Preferred NMLS Licensing
? College Degree or Trade school Certification
? Familiarity with computers and banking applications/software
? Solid understanding of direct/indirect lending products and practices
? Excellent communication and interpersonal skills
? Customer satisfaction orientation and sales competencies
Job Summary
Full Time
$52k-71k (estimate)
05/12/2024
05/30/2024
The job skills required for Loan Officer include Underwriting, Products and Services, Communication Skills, Attention to Detail, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Officer. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Officer. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Loan Officer positions, which can be used as a reference in future career path planning. As a Loan Officer, it can be promoted into senior positions as a Mortgage Loan Officer III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Officer. You can explore the career advancement for a Loan Officer below and select your interested title to get hiring information.
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