What are the responsibilities and job description for the Loan Officer position at LAFCU?
About the Role
LAFCU is seeking an experienced Loan Officer to join our Loan Services team. In this role, you’ll evaluate, process, and approve consumer and real estate loan applications, ensuring accuracy, compliance, and exceptional member service. You’ll play a key role in helping members achieve their financial goals while supporting the overall lending operations of the credit union.
What You’ll Do
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Review and analyze member applications for consumer and real estate loans
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Approve or deny loans within established policies and guidelines
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Evaluate applicants’ financial status, credit reports, and collateral
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Process loan extensions, payoffs, lien terminations, and releases of collateral
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Cross-sell LAFCU products and services to support member needs
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Maintain accurate loan files and prepare reports as needed
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Provide financial counseling and information to members
What We’re Looking For
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High school diploma or GED required; additional education in finance or business preferred
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At least 5 years of experience in consumer lending, including real estate lending
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Working knowledge of loan compliance regulations (Reg B, Reg Z, HMDA, RESPA, Fair Lending)
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Strong analytical, decision-making, and communication skills
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Proficiency with PCs and Microsoft Office applications
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Commitment to delivering outstanding member service
WHY LAFCU?LAFCU is a credit union that’s been serving our community for over 80 years. We have recently expanded to provide financial services to people and business across the entire state of Michigan. We are very involved in serving our community and proudly donate close to $100,000 back to our community every year; whether we’re feeding the hungry, having clothes and toy drives, building a habitat house, providing financial education to schools, paying for our community to take their families to the zoo; you’ll see LAFCU rolling up our sleeves and giving back.
We also provide relevant products and services such as debit and credit cards, technology loans, savings accounts, auto loans, mortgage loans and many more.
LAFCU actively promotes diversity, equity, and inclusion in our workplace. We welcome and encourage applicants from all backgrounds to apply, as we believe diverse perspectives contribute to our overall success.
Salary : $100,000