Loan Officer II - Madison CU; Madison, WI

Loan Officer II - Madison CU (Madison, WI)

Type: Full Time

Qualifications:

High school diploma, 2-5 years of experience in consumer lending or a related field, debt counseling, collections experience, experience with electronic documents/signature platforms, and good oral and written communication skills (rapport).

Responsibilities:

• May be responsible for training of new loan officers. Will provide assistance or guidance to less senior loan officers
• Responsible for organization of loan granting process including loans applied for in-person, over-the-phone, and electronically
  • Interview loan applicants
  • Review and research loan applications
  • Order and review credit bureau reports
  • Employment verification
  • Order and review title searches
  • Calculate debt ratio
  • Complete and process loan documents
  • Close loans
• When a loan is denied, explain reasons for denial in a professional, courteous manner. Work with member to provide recommendations or alternative options for other possible ways to secure a loan in the future
• Perform audit of consumer loan files to ensure quality and that lending policies are followed
• Serve as mortgage loan contact and coordinator for member:
  • Coordinate approvals with closing date
  • Timely filing of mortgage with proper recording agent
  • Follow up of mortgage files for proper post-closing documentation
  • Monthly loan reports
• Review developing laws and regulations as they apply to installment-loan security agreements
• As a member of the lending team, you will support:
  • tracking all HELOC draw periods and maturities
  • verification of paid real estate taxes on all in-house 1 st Mortgage Loans
  • completion of weekly “Paid Loan” reports including: notifying member of paid loan with proper notice, releasing any security, and distribution of payroll deductions
  • completion of periodic consumer and mortgage loan rate survey for review with management monthly
  • implementation of new loan products and services in accordance with management direction
  • cross‑selling lending and other credit union products

Skills:

SKILLS AND ABILITIES

DESIRED:
College degree in Finance or Business-related field, mortgage lending and/or processing experience, some accounting experience, competencies with Excel functions and formulas, and Spanish-speaking (both written and conversational)

Location: Madison , Wisconsin

Serve as loan officer of credit union:

• Authority to approve consumer loans
• Part of mortgage loan approval committee

SECONDARY FUNCTIONS:

Assist with inventory and ordering of loan department supplies and forms

• Serve as notary public or able to be bonded as a notary public