Job Description
Job Description
Job Title: Loan Officer
Summary: A Loan Officer evaluates, authorizes, or recommends approval of loan applications for individuals. They guide members through the loan process, assess creditworthiness, and ensure compliance with financial regulations and company policies.
Key Responsibilities
· Meet with applicants to determine financial needs and loan options
· Explain different types of loans and terms (home equity, personal, auto, credit cards, etc.)
· Collect and verify financial information (credit history, income, debt, assets)
· Analyze credit data and financial statements
· Evaluate loan risk and repayment ability
· Submit loan applications for underwriting approval
· Maintain detailed records of loan applications and agreements
· Ensure compliance with federal, state, and institutional regulations (Understand Regs)
· Build and maintain relationships with members and referral partners
· Full understanding of loan products
· Familiar with Fiserv DNA – Meridian Link (LOS) – but not necessary
· Assist members by phone and in person
· Indirect Lending Experience
Required Qualifications
· Bachelor’s degree in finance, business, economics, or related field (preferred)
· Experience in banking, lending, sales, or financial services
· Strong analytical and decision-making skills
· Knowledge of lending procedures and credit analysis
· Excellent communication and customer service skills
· Licensing may be required (NMLS license)
Key Skills
· Financial analysis
· Written and verbal communication
· Risk assessment
· Sales and negotiation
· Attention to detail
· Regulatory compliance
· Relationship management
· Continued education
· Time management
Pay
Pay negotiable based on experience
Benefits
Generous benefits package including affordable medical, dental and vision coverage, paid holidays, vacations, 401(k) plan, employer profit sharing contributions and flexible spending accounts.