Consumer Loan Officer

Purpose of a loan officer

Effectively establish relationships with members, identify their needs and wants, then offer appropriate solutions in a way that exhibits value along with the risks and benefits.

Duties of a loan officer

• Processes loan and/or visa applications by evaluating applicant information and documentation either in person or electronically
• Consult with members about their lending needs to help them achieve their goal while analyzing their credit worthiness
• Evaluate loan applications and documentation and requests any other documentation that may be needed in making a solid loan decision
• Prepare notes regarding the loan application and submit timely and accurate loan applications to the underwriter(s) for review
• Collect closing information that is needed for the closer to be able to close the loan in a timely manner
• Help customers by answering questions and responding to requests
• Maintain member confidence by keeping loan information confidential
• Promote loan products and meet monthly loan goals
• Maintain knowledge of lending regulations, the economy and rates

Loan Officer Qualifications & Skills

• Negotiation skills
• Willingness to ask difficult questions
• Working under pressure
• Multitasking many applications at one time
• Strong computer skills
• Willingness to learn new programs
• Excellent written and verbal communication skills
• Ability to work both in a team and independently

Benefits of working at Straits Area Federal Credit Union

• Competitive pay with opportunities for annual raises, promotions, and bonuses
• Sizable 401k contributions
• Free individual health insurance
• Promote from within whenever possible
• We value making an impact in the community with involvement in many different events/organizations