Loan Officer II - Madison CU; Madison, WI

Type: Full Time

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).

1. May be responsible for training of new loan officers. Will provide assistance or guidance to less senior loan officers

2. 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
• Order and review title searches
• 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

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

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

Assist with inventory and ordering of loan department supplies and forms

1. Serve as notary public or able to be bonded as a notary public