Loan Officer I

ESSENTIAL DUTIES AND RESPONSIBILITIES

Loan Functions:

• Answers telephone loan inquiries.
• Processes mail and telephone loans.
• Obtains credit bureau reports on member(s) who apply for loans.
• Verifies employment and deposit information of applicants.
• Maintains files of incomplete applications while waiting for receipt of additional information.
• Does follow-up and periodic review of incomplete applications.
• Receives requests for release of collateral, completes appropriate forms if request for release is valid, and refersforms to Loan Officer II or supervisor for proper signatures.
• Evaluates and recommends real estate and home equity loans in a timely, well documented, and thoroughly
• analyzed manner.
• Completes and processes appropriate documents to provide credit union with security interest in property whichis taken as collateral for loan.
• Insures that short term loans he or she approves are complete and accurate when closed.
• Inspects collateral to ascertain value.
• Performs construction draw inspections.
• Prepares closing documents for mortgages and perform closings.
• Creates and edits documents on lending software systems as needed.

Miscellaneous Functions:

• Contacts delinquent borrowers when directed by supervisor.
• May be required to write special loan reports when requested by supervisor.
• Assists with on-site assignment for auto dealer / credit union car sales.
• Promotes and cross sells loan products.
• Completes the required Bank Secrecy Act (BSA) training and implements and complies with the BSA policyand procedures.
• As a member of the staff, answers incoming phone calls, assists members as the need arises, and performs workon projects as needed.
• May be called upon to train employees in area of expertise.
• Assists other co-workers when needed.
• Other duties may be assigned.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the mental, physical, knowledge, education and/or experience required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
 

Mental Requirements:

• Requires attention to detail, concentration, logical thinking, good judgment and responsiveness in a timely manner.
• Is able to gather and understand rules, policies and regulations.
• Ability to handle projects by prioritizing projects and meet deadlines.
• Is able to work well with people.
• Is able to work under stressful and pressure filled situations.
• Is able to apply basic mathematical skills.
• Keeps abreast of Federal and State laws and regulations which affect the credit granting process of the credit union.
• Is familiar with all the loan programs of the credit union to include documents, policies, procedures and systems.

Physical Requirements:

• Is able to occasionally lift, carry, push, and pull items weighing up to 20 pounds.
• Is able to operate 10-key by touch and type 30-40 wpm accurately.
• Is able to occasionally reach or climb a ladder to reach upper shelving.
• Is able to sit for extended periods of time.
• Is able to communicate clearly in person or over the phone and/or in writing.
• Is able to move around the office on surfaces primarily of carpet.
• Is available for occasional business travel, including land and air travel.
• Is able to establish effective working relationships with other staff

Other Requirements:

• May be required to use his/her personal car to perform credit union business.
• May be required to work at different branch.
• May be required to work beyond the normal business hours, including weekends.
• May be required to attend seminars or classes to increase job skills.
• Must be bondable and have a clear credit rating.

Education and/or Experience:

• High school graduate / GED equivalent with three (3) year of lending experience or related field with a finan-cial institution; or
• Business school graduate with two (2) years lending experience or related field with a financial institution; or
• College graduate with one (1) year of lending experience or related field with a financial institution.
• Knowledge of computer system (IBM or IBM compatible), word processing and spreadsheet programs preferred.

Working Conditions:

• Work is primarily inside an air-conditioned, well-lighted office setting, and high humidity.
• Must be able to work alone and with others.
• Moderate noise level.
• Frequently public contact.
• Potential exposure to the threat of violence at any time.