Consumer Loan Officer - Full Job Description
We’re searching for a detail-oriented Consumer Loan Officer. This position will play a vital part in evaluating, authorizing approval or denial of loan applications. You will act as a liaison between members and our financial institution, and you will help qualified applicants acquire loans in a timely manner. If you’re interested in joining a team that empowers employees, clients, and partners to help them reach their goals, apply today!
Consumer Loan Officer – Duties and Responsibilities
- Evaluate credit worthiness by processing loan applications and documentation within specified limits
- Interview applicants to determine financial eligibility and feasibility of granting loans
- Determine all applicable ratios and metrics and set up debt payment plans
- Communicate with clients either to request or to provide information
- Justify decisions (approvals/rejections) and report on them
- Complete loan contracts and counsel clients on policies and restrictions
- Update job knowledge on types of loans and other financial services
- Maintain and update account records
- Assess customer needs, explore all options and introduce different types of loans
- Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish quotas
- Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the underwriting process
- Οperate in compliance with laws and regulations and adhere to lending compliance guidelines
Consumer Loan Officer - Qualifications
- Proven working experience as a Loan Officer
- Familiarity with computers and banking applications/software
- Solid understanding of direct/indirect lending products and practices
- Excellent communication and interpersonal skills
- Customer satisfaction orientation and sales competencies
- Ability to work in a goal oriented environment
Benefits :
- Health Insurance
- Dental Insurance
- Vision Insurance
- Teledoc Services Available
- Health Savings Accounts and Flexible Spending Accounts
- Company Paid Life Insurance
- Company Paid Disability Insurance
- 401(k) Program with Company Match
- Paid Time Off
- Paid Holidays
- Employee Assistance Program
- Employee Perks and Discounts
- Advancement Opportunities
- Tuition Reimbursement
Schedule :
- 8 hour shift
- Monday to Friday
- Some periodic events outside of normal business hours (chamber, business development, etc.)