Loan Officer Direct Lending

Job Category Credit Employee Type Regular Full Time Required Degree 2 Year Degree Manage Others No Description Join Our Team Summary Responsible for underwriting consumer loans received online, by the call center or through retail branch locations to increase company revenue by reviewing loan applications with supporting documentation and decisioning loans based on established criteria. Qualifications & Education Associate's degree or four years directly related experience. Minimum two years loan underwriting experience Strong understanding of consumer loan contracts including APR, amortization schedule, and simple interest calculations Knowledge of credit union lending policy, lending regulations, and lending fundamentals preferred Effective written and verbal communication skills Strong attention to detail and accuracy Job Duties Review and analyze an applicant's consumer loan application based on credit rating, borrowing history, and other risk factors. Monitors application queues and provides timely decisions. Engages applicants on pending consumer loan applications before 30 days to provide a decision. Identify leads and opportunities for other Teachers products to deepen the member relationship. Responsible for timely communication of loan decision and other lending opportunities to the branch representative assisting the applicants. Analyze financial data such as proof of income and/or tax returns to verify the applicant's ability to repay and perform a fraud review. Discusses adverse actions according to proper regulatory guidelines with applicants as needed. Answers tier questions by phone, chat, or email from the branch and call center personnel during normal business hours. Makes recommendations on policy and procedure changes based on changes in the lending environment. Assists branch personnel, Consumer Loan Processors and Analysts, in an underwriting capacity, as needed during normal business hours. Comply with Teachers policies, procedures, guidelines and related laws/regulations. Keep Consumer Lending Management aware of potential fraudulent applications, documents or trends that are putting the Credit Union at risk. Performs other duties as needed upon request by immediate supervisor Benefits We provide a competitive compensation and benefits package that includes, but is not limited to: This position is eligible for our annual discretionary bonus program. Some positions within the credit union also qualify for quarterly performance incentives Paid time off for vacation, personal days, and holidays 401(k) company contribution Teachers pays 100% of Dental & Vision premium Tuition reimbursement is offered to full-time employees Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers The good faith range for this position is $36.05 to $43.22 hourly. This range is an estimate based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law. All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility. #J-18808-Ljbffr