Loan Officer

Job Description

Job Description

Salary: Competitive and DOE

Please Note:This is a Utah-based hybrid position, which will require some regular in-office days each week. Additionally, employment with Medallion Bank is contingent on passing both a background check and maintaining a clean background.

Who we are:

At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it!

How you will support the team:

You will be responsible for the processing and underwriting of consumer credit applications received from a variety of origination sources within an indirect lending department. Involves direct communication with the dealer and the applicant to reach quality loan decisions. Will gather necessary information to make sound credit decisions. Responds to application inquiries from selected dealers. Performs other duties as necessary to support the goals and objectives of the department and business unit. Restricted loan authority with a requirement for a second signer on certain loan amounts.

What we are looking for :

• Make quality credit decisions.
• Quick and accurate loan underwriting.
• Decisive and confident in decision making.
• Create solid relations with dealers and continue to strengthen those relations.
• Provide excellent customer service.
• Demonstrate professionalism in interactions with customers.
• Work well in team environment.
• Performs other duties as assigned.

You'd be a great fit with these skills:

• Excellent written and verbal communication and interpersonal skills. Will interact with department management of the Bank, along with regulators and other outside professionals.
• Proven experience in effective credit underwriting.
• Self-motivated and hard working. Must be able to handle multiple functions simultaneously and function in a high-pressure environment.
• Team player.
• Quality non-prime consumer underwriting decisions.
• Ability to successfully work in team environment.
• Strong written and verbal communication skills.
• Ability to make sound credit decisions and communicate decisions effectively.
• Excellent interpersonal skills.
• Self-motivated and hard working.

What you bring:

• College degree in finance or related field preferred. May be substituted with at least 2 years of related experience or the equivalent combination of education training and experience which provides the required knowledge, skills, and abilities.

PHYSICAL ENVIRONMENT AND PHYSICAL DEMANDS AND REQUIREMENTS:

• Cubicle working space with minimal exposure to distractions or environmental hazards.
• Some overtime may be required based upon business needs.