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LANDMARK CREDIT UNION
Brookfield, WI | Full Time
$52k-66k (estimate)
4 Months Ago
Landmark Credit Union Talent Acquisition
Brookfield, WI | Full Time
$55k-69k (estimate)
4 Months Ago
Consumer Loan Specialist
$52k-66k (estimate)
Full Time | Banking 4 Months Ago
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LANDMARK CREDIT UNION is Hiring a Consumer Loan Specialist Near Brookfield, WI

At Landmark Credit Union, we succeed by putting people first - and that starts with you. Our culture of inclusion and collaboration enables us to support our members' financial wellbeing, positively impact the communities we serve, and help our associates grow their careers. Bring your authentic self to work as part of an organization where you'll feel valued for your unique qualities, are enabled to reach your full potential, and are recognized for your contributions to our success. We strive to ensure you feel empowered to grow and succeed, while also feeling valued and taken care of, as we all do our part to put people first. We invite you to learn more about this and other opportunities at Landmark Credit Union.

NATURE AND SCOPE
Reports to the Manager, Consumer Loan Member Support. Engages with members and potential members who have applied for consumer loan products through the branch, call center, and online/digital channels. Gather, prepare, and process all necessary documentation through these channels for consumer loan applications. Examines documents to ensure accuracy and compliance with existing underwriting guidelines. This position will be responsible for ensuring all documents required for loan processing and closing are received, complete, and ready.

REQUIREMENTS
1. High school diploma or equivalent and minimum of one year of lending or financial experience. A combination of education and experience will also be considered.
2. Previous lending experience preferred.
2. Knowledge of all types of consumer loans and a general understanding of underwriting guidelines preferred.
3. Demonstrated ability to understand and explain credit bureau reports, liaise with members in satisfying loan stipulations, and schedule closings preferred.
4. Demonstrated ability in providing excellent customer service.
5. Experience or ability to gain proficiency in all programs and systems used for this job including Microsoft Office products and systems related to consumer lending.
6. Excellent verbal and written communication skills, problem solving skills, organizational skills and the ability to work independently.
7. Proven ability to organize work, balance multiple priorities, manage a variety of projects in a fast-paced, flexible work environment with strong attention to detail and within defined deadlines.
8. Demonstrated ability to use independent judgment and discretion in various situations while maintaining a high degree of confidentiality.
9. Must have or be able to attain National Mortgage Licensing System Registration (NMLS#).
10. Must develop a thorough understanding of company policies and procedures as they relate to the position. Must comply with all company policies and procedures and job related state and federal laws and regulations.

PRINCIPAL ACCOUNTABILITIES
1. Partners closely with Consumer Loan Underwriting, Consumer Loan Processing, Personal Financial Officers, and Branches to identify documentation requirements for each specific loan.
2. Contacts members to collect necessary loan documentation, i.e., pay stubs, W2, purchase contracts etc.
3. Verifies accuracy of loan applications according to current policies and procedures, and then inputs information into the current lending system when applicable.
4. Informs members of items needed for closing, i.e., title of vehicle, seller requirements, etc.
5. Coordinates the preparation of the closing documents in an accurate, error-free manner.
6. Uses independent judgment, processes multiple types of consumer loans and modifications.
7. Cross sells GAP, Mechanical Breakdown and Debt Protection and offers other identified cross sell opportunities to members.
8. Monitors daily/weekly/monthly reports to ensure no applications reach more than 30 days before decisioning.
9. Performs other duties as assigned.

EO/AA Employer; including veterans and individuals with disabilities.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$52k-66k (estimate)

POST DATE

01/05/2024

EXPIRATION DATE

05/11/2024

WEBSITE

landmarkcu.com

HEADQUARTERS

JUNEAU, WI

SIZE

200 - 500

FOUNDED

1933

CEO

CATHY SWENSON

REVENUE

$50M - $200M

INDUSTRY

Banking

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About LANDMARK CREDIT UNION

Landmark Credit Union is a not-for-profit financial cooperative owned by our customer/members. We return our profits to our members with exceptional rates, lower fees and personalized service. We serve all people living or working in Southern and Northeastern Wisconsin, plus Lake and McHenry Counties in Illinois as well as their immediate family members. Landmark also serves businesses with a location in Southern and Northeastern Wisconsin, plus Lake and McHenry Counties in Illinois. Southern Wisconsin includes the following counties: Brown, Calumet, Columbia, Dane, Dodge, Fond Du Lac, Green, ...Green Lake, Iowa, Jefferson, Kenosha, Manitowoc, Marquette, Milwaukee, Outagamie, Ozaukee, Racine, Rock, Sheboygan, Walworth, Washington, Waukesha, Winnebago. Northeastern Illinois includes the following counties: McHenry and Lake. Federally Insured by NCUA. Equal Housing Opportunity. More
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The job skills required for Consumer Loan Specialist include Consumer Loans, Underwriting, Microsoft Office, Written Communication, Problem Solving, Attention to Detail, etc. Having related job skills and expertise will give you an advantage when applying to be a Consumer Loan Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Consumer Loan Specialist. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Consumer Loan Specialist positions, which can be used as a reference in future career path planning. As a Consumer Loan Specialist, it can be promoted into senior positions as a Consumer Loan Branch Manager I that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Consumer Loan Specialist. You can explore the career advancement for a Consumer Loan Specialist below and select your interested title to get hiring information.

If you are interested in becoming a Consumer Loan Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Consumer Loan Specialist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Consumer Loan Specialist job description and responsibilities

Consumer Loan Officers process loan applications and determine the financial eligibility of applicants.

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Maintain Approval and Rejection Records For each loan approval and rejection, the consumer loan officer maintains thorough records that might detail reasons for rejection, approval terms, and customer data that show why they decided on certain loan elemen

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Determining the feasibility of granting loans and communicating with management if required.payments.

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Processing advances and disbursements, as well as preparing pay off letters.

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Working closely with loan officers to obtain credit information, coordinate closings, calculate closing costs, and disperse funds for clients.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Consumer Loan Specialist jobs

Follow FHA investor guidelines regarding requirements necessary for opening file.

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Order various loan documentation and searches to include title, flood, UCC, insurance, regulatory language, property insurance.

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Prepare closing instructions and review required loan documentation and HUD-1 for accuracy.

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Excellent communication skills can be helpful to succeed as a loan specialist.

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Administer and coordinate projects and programs to support student/parent borrowers consistent with federal requirements and the company's default management plan.

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Step 3: View the best colleges and universities for Consumer Loan Specialist.

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