Real Estate Loan Officer

About the role

Canopy Credit Union is looking for a purpose-driven individual to join our creative community as a Real Estate Loan Officer. This position is primarily located at our Downtown branch. The role focuses on growing a happier and healthier community through financial inclusion.

Wage

$26.50 - $31.50/hr + monthly incentives (DOE). $1.00/hr wage premium paid to bilingual employees.

Core values

• We embrace what makes us different: We honor everyone’s journey and welcome new ideas. We’re a place where your story matters.
• Becoming is better than being: Growth happens when we try new things and don’t allow the fear of failure to hold us back.
• Curiosity welcomed: We don’t ask “can we?” rather, “how can we?”
• Canopy serves: We believe that our level of success is directly proportional to how many lives we touch.
• Fun is who we are: We are a fun, playful, and hardworking family committed to the growth of each other, our members and our community.

Benefits

• Competitive pay
• Monthly cash incentives based on production
• Options for individual medical, dental, and vision insurance coverage at no cost to the employee
• 401k match of 7%
• PTO with Paid Sabbatical Program
• Career Development: certifications, webinars, in-house trainings, job shadowing
• Opportunity to work with leading technology in the financial services industry
• Office activities such as putt-putt competitions, potlucks, meme sharing, and BINGO

Responsibilities

• Sales and Cross-Selling:
  • Meet real estate sales goals through in-house referrals and/or outbound relationship building.
  • Promote additional credit union products and services to existing members (e.g., insurance, credit cards, savings accounts).
  • Meet sales goals by identifying opportunities to cross-sell financial products.
• Loan Processing:
  • Review loan applications and verify accuracy and completeness of the documentation.
  • Assess applicants’ creditworthiness by analyzing credit reports, financial statements, and other relevant information.
  • Make loan recommendations based on creditworthiness, loan policies, and financial regulations.
  • Ensure all loan documentation is complete and compliant with legal and regulatory requirements.
• Member Service:
  • Advise members on suitable loan products based on their needs and financial situation.
  • Maintain strong relationships with members by providing excellent service in alignment with the Canopy service standard and address member inquiries.
  • Provide guidance on the loan application process and help members with any challenges they encounter.
  • Follow up with members on loan status and ensure timely disbursement of funds once loans are approved.
• Loan Approvals and Denials:
  • Communicate loan decisions to members and provide clear explanations of the reasoning behind approvals or denials.
• Risk Assessment:
  • Conduct a thorough analysis of an applicant's financial status, including income, credit history, and other relevant financial data.
  • Ensure proper risk management by recommending loan products and terms that align with the credit union’s risk tolerance and policies.
• Compliance and Regulations:
  • Ensure that all loan products and services adhere to federal, state, and credit union regulations.
  • Stay updated on changes in lending laws, regulations, and industry best practices to maintain compliance.
  • Comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Requirements

• Two to five years of similar or related experience, including time spent in preparatory positions.
• High school degree or GED required.