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