Loan Specialist

Job DescriptionJob Description

IBEW 26 Federal Credit Union

 Position:          Loan Specialist

 Role:   Process and promote Credit Union loan products to members.  Increase efficiency and bring consistency in measuring risk and improving loan turnaround time for the members.  Provide accurate and quality service to members.  Provide information on Credit Union Services.  Provide assistance to other departments as needed.

 Reports To:      Operations Manager

 Responsibilities and Duties:

• Review the income to debt ratios, analyze credit reports, as outlined in policies and procedures.             
• Review loan applications and make recommendations of approval or denial to loan officer.
• Evaluate member-borrowing requests, identify needs, and recommend appropriate loan products/counteroffers. 
• Establish and maintain effective member relations.  Promote credit union products and services by identifying member’s needs and selling benefits.
• Ensure loans are processed within credit union policies.
• Ensure loans are processed in compliance with regulatory laws.
• Ensure loan protection and warranty products are promoted.
• Examine auto insurance must be current and file.
• Schedule loan closings and prepare loan documents for approved loans.
• Perform loan closings with members on approved loans in the office, through the mail and via internet.
• Secure and perfect liens on titles for proper recordation to protect the interest of the credit union.
• Examine and file titles for proper recordation information.
• Complete assigned reporting in a timely manner.
• Follow Lending Department Duties schedule.
• Follow Teller Duties schedule.
• Perform routine member transactions, including deposits, withdrawals, cash advances, loan payments, transfers and check cashing.
• Safeguard sensitive/confidential member information in accordance with the credit union policies.
• Participate in special promotions.
• Participate in ongoing education as directed by the Operations Manager.
• Perform other duties as assigned.

Abilities:

• Employee must have ability to be a self-starter and display a high degree of honesty, loyalty and integrity.
• Demonstrate ability to provide courteous, professional service and establish member relations. 
• Excellent oral and written communications skills.
• Ability to use a personal computer.
• Decision making and problem-solving skills.
• Ability to handle multiple tasks, meet deadlines, and work independently within the limits of policy and authority.

Education/Experience Requirements:

• Associate's degree or two years equivalent experience in a financial institution.

Reviews:

• Periodic reviews will be performed. 

 

Company DescriptionThe IBEW 26 Federal Credit Union is a member-owned financial institution whose purpose is to promote and assist in the financial well-being of members by providing professional, personal, competitive, safe and sound financial services within the financial ability of the credit union. IBEW 26 FCU strives to become the primary financial institution of its members.Company DescriptionThe IBEW 26 Federal Credit Union is a member-owned financial institution whose purpose is to promote and assist in the financial well-being of members by providing professional, personal, competitive, safe and sound financial services within the financial ability of the credit union. IBEW 26 FCU strives to become the primary financial institution of its members.

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