What are the responsibilities and job description for the Consumer Loan Officer 2 position at Sunward Federal Credit Union?
Description
Job Summary:
This role plays a pivotal part in advising, reviewing, and evaluating members’ lending needs for auto, personal, credit card and home equity lines of credit.
Essential Job Duties:
Consumer loan responsibilities:
- Perform all duties assigned to a level 1 Consumer Loan Officer.
- Process and review loan applications that are initiated through an indirect (third party) partner.
HELOC loan responsibilities:
- Evaluate and process applications for Home Equity Lines of Credit (HELOC) in accordance with company policies and regulatory guidelines.
- Determine appropriate credit limits and terms for HELOC products based on borrowers' financial status and equity in their homes.
- Provide guidance and information to applicants about HELOC products, including interest rates, repayment terms, and the application process.
- Work closely with underwriters and loan processors to ensure timely and accurate processing of HELOC applications.
Requirements
Required Skills/Abilities:
- Excellent interpersonal and negotiation skills.
- Excellent organizational skills and attention to detail.
- Strong proficiency with Microsoft Office applications. Familiar and comfortable with information technology, particularly digital means of communication.
- Strong organizational skills in managing multiple initiatives.
- Strong analytical and problem-solving skills.
- Proficiency in assessing creditworthiness and understanding credit scoring systems
- Proven ability to meet and exceed sales targets
- Bilingual abilities may be preferred, depending on the market served
Knowledge:
- Strong knowledge of consumer loan products, regulations, and market trends
- Strong knowledge of compliance with federal and state lending regulations (e.g., Equal Credit Opportunity Act, Fair Lending, Truth in Lending Act)
- Current registration with the Nationwide Mortgage Licensing System (NMLS) or ability to become registered upon employment
Education and Experience:
- Minimum two years’ experience in consumer lending or directly related experience
- Minimum high school diploma/GED or more than two years of related experience
Physical Requirements:
- Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift 5 pounds at times.
Salary : $27 - $34