Loan Originator

Loan Originator

FreeStar Financial Credit Union is looking for a dynamic and outgoing professional to join our Loan Sales Department. If you would love to use your sales skills to build relationships with our members, this could be the role for you!

Job Location: St. Clair Shores Branch

Days: Monday thru Friday with occasional Saturdays

Hours: 8 AM - 5 PM

Salary: $20/hourly, plus quarterly/annual incentive bonus

Benefits:

• 3 weeks PTO available in the first year
• 401k with up to a 6% match
• Work/life balance, 40 hour week

Position Purpose:

The primary purpose of the Lending Representative is to assist FreeStar Financial Credit Union in fulfilling our mission to positively impact the lives of our members, team members, and community through making meaningful connections and progressive financial solutions. In addition, providing an excellent sales experience for our Membership by placing them in the best lending products for their needs.

What You'll Do In This Role:

• Primary responsibility is to assist membership with their financial needs over the phone. This includes incoming and outgoing phone calls in an attempt to originate, maintain, and close loan applications.
• Review members' accounts and assist them with any loan related concerns before and after origination.
• Reverse loan payments and perform additional financial transactions as needed.
• Follow up with members and affiliates to relay loan decisions in an expeditious manner.
• Make follow-up outgoing phone calls to members in an attempt to close approved loan applications.
• Communicate with dealers, insurance companies, and employers to maintain accurate loan files for underwriting.
• Efficiently review and verify supporting documentation for approved consumer loan applications, create loan documents, and schedule member closings for both DocuSign, and branch.
• Monitor the loan payoff spreadsheet and make outgoing calls to solicit for new loan originations.
• Monitor contact manager requests in Portico to assist branch with VISA travel requests, address changes, etc.
• Process loan payoff letter requests for members when necessary.
• Process letter of guarantee requests from insurance companies when necessary.
• Process subsequent action forms as needed.
• Update and maintain LDP and missed opportunity spreadsheets to track origination standards and goals.
• Review Booked Loan Report, CL/CD Report, and Missed Opportunity Report for accuracy.
• Review loan exceptions and execute necessary corrections to maintain the loan file.
• Provide suggestions on new and innovative ideas to improve processes and garner a positive working environment.
• Assist in documenting and revising procedures for the lending department as assigned.
• Review all Credit Union issued memos.
• All other duties as assigned by management.

What You'll Bring To FreeStar Financial:

• High School Diploma or equivalent.
• Minimum of 1 year of similar or related experience in the financial industry.
• Must have knowledge of various federal regulations and the responsibilities relating to each act of the following:
• Right to Financial Privacy Act
• Regulation E (EFTS)
• Regulation CC (Funds Availability)
• Regulation Z (Truth in Lending)
• Truth in Savings Act
• Bank Secrecy Act (BSA)

What You'll Get Working at FreeStar Financial:

• Partner with a talented team helping to provide financial solutions to our members!
• Be part of an environment where our service to each other is just as important as our service to our members!
• A wonderful opportunity to expand your skillset and develop professionally!
• Join a Credit Union culture that makes an impact in the community!
• Join an organization which appreciates and promotes having balance in your life!
• A competitive compensation structure which rewards the contributions of our team members!