Sandia Laboratory Federal Credit Union
Consumer Loan Officer 1
Sandia Laboratory Federal Credit Union, Albuquerque, New Mexico, United States, 87101
Job Type
Full-time
Description
Job Summary:
In this role, you will play a pivotal part in advising, reviewing, and evaluating member's lending needs for personal and credit card.
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 ?nancial planning, policies, and rates.Make recommendations for approval or denial of the loan application.Perform other duties as assigned by management.Consumer loan responsibilities:
Input information into the consumer lending origination 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 o?ered.Calculate loan payments, determine loan to value (LTV) and ascertain loan payo?s to other ?nancial institutions.Process and review loan applications that are initiated through an indirect (third party) partner.Make recommendations for approval of denial o the loa applicationRequirements
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 systemsProven ability to meet and exceed sales targetsBilingual abilities may be preferred, depending on the market servedKnowledge:
Basic knowledge of consumer loan products, regulations, and market trendsBasic knowledge of compliance with federal and state lending regulations (e.g., Equal Credit Opportunity Act, Fair Lending, Truth in Lending Act)Education and Experience:
Minimum one years' experience in financial institutions or related experienceMinimum high school diploma/GED or more than one year 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 Description
$20 to $24
Full-time
Description
Job Summary:
In this role, you will play a pivotal part in advising, reviewing, and evaluating member's lending needs for personal and credit card.
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 ?nancial planning, policies, and rates.Make recommendations for approval or denial of the loan application.Perform other duties as assigned by management.Consumer loan responsibilities:
Input information into the consumer lending origination 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 o?ered.Calculate loan payments, determine loan to value (LTV) and ascertain loan payo?s to other ?nancial institutions.Process and review loan applications that are initiated through an indirect (third party) partner.Make recommendations for approval of denial o the loa applicationRequirements
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 systemsProven ability to meet and exceed sales targetsBilingual abilities may be preferred, depending on the market servedKnowledge:
Basic knowledge of consumer loan products, regulations, and market trendsBasic knowledge of compliance with federal and state lending regulations (e.g., Equal Credit Opportunity Act, Fair Lending, Truth in Lending Act)Education and Experience:
Minimum one years' experience in financial institutions or related experienceMinimum high school diploma/GED or more than one year 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 Description
$20 to $24