Consumer Lending Loan Officer

Signal Financial Federal Credit Union
Kensington, MD
May 12, 2017
May 26, 2017
Full Time
Consumer Lending Loan Officer - Kensington, MD Process, underwrite and close consumer loans by gathering and analyzing documentation. Facilitate the movement of those loans from application through closing as efficiently and timely as possible. Ensure administrative and operational compliance with regulatory requirements and credit union policies and procedures are followed. Position Responsibilities:Processing:Prepare and provide accurate, timely loan disclosures as applicable throughout the loan process ensuring compliance with all regulatory, investor and/or SFFCU requirements.Collect documentation needed to complete the processing of the loan file in an accurate and timely manner. Verify and analyze documentation received to determine adherence to SFFCU consumer loan underwriting guidelines and regulatory requirements.Interact closely with branch staff and borrowers to provide regular updates to achieve goals for production time, pull through and member satisfaction.Underwriting:Verify and analyze loan application, credit and documentation received to determine adherence to SFFCU consumer loan underwriting guidelines and regulatory requirements.Based on that analysis approve, counter-offer, denyor refer loan to supervisor for further review.Closing:Ensure all loan system data, dates and reporting criteria are complete and accurate.Coordinate with the borrower, branch staff and/or dealer to order/process and schedule loan closings. Prepare and send accurate, timely loan closing documents.Pipeline monitoring and communications:Regularly monitor individual pipeline to ensure timely moving of files to meet various deadlines including but not limited to: preapproval, closings, pull through and member satisfaction.Regularly gather information and update all parties involved (department management, branch staff, dealers etc.) on status of loans to achieve various department goals.Position Requirements High School Diploma or GED required.College degree preferredTwo to five years of consumer loan operations experienceFamiliarity with consumer loan origination systems and processing softwareExperience using ELA and Symitar preferredThorough knowledge of consumer lending guidelines as well as banking/credit union lending policies, procedures, and regulationsProficiency with Microsoft office suite including Outlook, Word, and ExcelAbility to learn and work in a fast-paced work environmentAbility to multitask and prioritize workAttention to detailExcellent oral and written communication skillsStrong analytical decision-making ability