Marinette Loan Officer Job Marinette area,Wisconsin USA,Finance & Banking

Description LOAN OFFICER

Reports to Vice President of Lending;
President/CEO

SUMMARY OF PRIMARY FUNCTIONS

Duties are performed under the general supervision of the Vice President/Lending-Branch Manager in accordance with established Credit Union lending policies. The position performs loan interview, informs members about loan products and options, and ensures effective delivery of products to credit union members while maintaining proper compliance. This position is accountable for achieving various sales behavior and production goals and providing exceptional service at all levels.

Loan officers are responsible for making delinquent loan contact to resolve repayment difficulties. The expectations of this job are to build member relationships by providing excellent service and offering products that meet member’ needs.

RESPONSIBILITIES AND DUTIES

Interviews and assists member with applications and Credit union related services in person, by phone, or electronically. Proactively looks for better ways to serve the member.

Reviews all loan applications, including but not limited to regular consumer loans, home equity loans, first and second mortgages, Master Card applications, and business loan applications for completeness of information. Makes a determination regarding the appropriate loan alternatives according to the need of the member. Calculates terms and applicable finance charges along with insurance products appropriate to the applications. Pulls credit reports.

Approves, rejects, and makes counteroffer within loan officer limitations. Communicates loan approval, denial information to loan applicants.

Proactively cross-sells credit union products and proactively seeks opportunities to fill members needs with credit union products and provides information on these products to build loyal relationships and meet individual/group sales targets.

Analyzes potential lending opportunities involved in each lending situation to further assist the borrower as well as increase the credit union’s lending portfolio.

Authorizes release of collateral on existing loans, changes in loan terms, waivers of payments, due date changes, etc.

Operates a personal computer accurately.

Completes all data entry in the Loan Origination Program, prepares all contracts including note and security agreement, ECOA notices, payroll deductions, verification of deposit authorizations, etc.

Prepares and conducts loan closings; disburses loan proceeds. At closing, reviews the loan documents with borrowers, explaining the necessary signatures on all required documents.

Follows up on all consumer and real estate paperwork including lien perfections. Secretary of State filings, recording of liens to the county, mortgage, deed, and satisfaction of mortgage recordings, and real estate insurance and tax tracking.

Knowledge of the secondary market and experience with first and second mortgage residential loan lending.

Calls specified companies to obtain property title insurance, surveys, and appraisals. Observes discrepancies in titles or surveys and relays to supervisor.

To maintain knowledge of all consumer and mortgage products and rates, both within the credit union and from the industry overall.

Accurately tracks sales results.

Promotes positive employee interactions, communications and productivity through effective communications with supervisor.

Works with supervisor to refine relevant procedures; oversees the proper implementation of these procedures and monitors adherence to them.

Ensures compliance with laws, regulations, and policies relevant to area of responsibility.

Handles/resolves relevant member complaints, referring and information supervisor on the status and steps taken to resolve.

Maintains positive and productive relationships with members.

Monitors loan delinquency as requested by supervisor.

Serves as Notary Public.

Pursues professional development.

Maintains neat and orderly work area and professional appearance and manner.

Performs other duties as directed and assists others to complete tasks and work assignments.

Performs loan payoff procedures.

Monitors payments for late and/or delinquency status. Follow up on delinquent,…