What are the responsibilities and job description for the Loan Service Representative position at DC CREDIT UNION?
Primary Function
Promotes the credit union's loan products and services to potential and existing members. Receives and initiates calls to assist members regarding borrowing needs and options. Ensures conditions for pre and post loan closings are cleared. Perfects liens on collateral, insurance placement and documentation. Performs VISA credit card file maintenance. Provides the highest level of quality
member service.
Major Duties and Responsibilities
- Communicates promotional information about loan products to members and answers inquiries from members concerning loan services.
- Assists members in completion of consumer, credit card and mortgage loan applications.
- Performs loan disbursals, in-person or electronically, complying with all approval criteria.
- When disbursing funds, makes sure the member is familiar with all the terms, conditions, and collateral held on the note and disclosure.
- Performs all administrative duties associated with the VISA credit card program, establishing accounts, and performing account maintenance.
- Gathers, compiles, and prepares loan documents, liens, files, reports, and/or other legal matters relating to loans.
- Maintains and updates the security interest and insurance of all vehicle loans, title tracking, ensuring accurate and complete record retention. Release liens at the request and, on approval of the lending team.
- Maintains member loan files.
- Represents the credit union in a courteous and professional manner. Provides prompt, efficient, and accurate service to members. Maintains member confidentiality.
- Performs other duties as assigned.
Skills, Knowledge, and Experience
One to two years' experience in lending in a credit union or other financial institution preferred. Knowledge of lending principles and procedures, loan services, and credit union philosophy ideal. A2-year college degree or completion of specialized course study/certification in business and/or financial services. Well-developed communication and analytical skills required.
Knowledge of Microsoft office products preferred: MS. Word, Excel, PowerPoint, Outlook and Teams. Proficiency in Spanish preferred.
Disclaimer
This position description is not a complete statement of all duties and responsibilities comprising the
position. It contains only the facts necessary to evaluate the position on a fair basis.