Consumer Loan Officer (Specialist level)

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:

General loan responsibilities:

• Evaluate loan applications and documentation by confirming creditworthiness.
• Improve loan applications and documentation by informing the applicant of additional requirements.
• Complete loan contracts by explaining provisions to the applicant; obtaining signatures and notarizations; collecting fees.
• Help members by answering questions, responding to requests.
• Maintain confidence by keeping loan information confidential.
• Ensure compliance with all regulatory requirements and internal policies.
• Manage the loan process from application to disbursement and beyond, including regular follow-up with members to assess their financial status.
• Educate and advise members on such matters as appropriate financial planning, policies, and rates.
• Provide comprehensive memo notes for the underwriter's review that contain relevant information to assist in loan decision-making.
• Perform other duties as assigned by management.

Consumer loan responsibilities:

• Input information into the consumer loan operating system.
• Manage the loan process from application to disbursement and beyond, including regular follow-up with members to assess their financial status.
• Evaluate credit worthiness and utilize credit reports to verify accuracy of the loan application.
• Verify and inspect collateral offered.
• Calculate loan payments, determine loan to value (LTV) and ascertain loan payoffs to other financial institutions.
• 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.