Consumer Loan Officer

4 weeks ago


Salt Lake, Utah, United States LU 354 IBEW FEDERAL CREDIT UNION Full time
Job Summary

LU 354 IBEW FEDERAL CREDIT UNION is seeking a highly skilled Consumer Loan Officer to originate and process consumer loans, provide exceptional customer service, and cross-sell other financial products and services.

Key Responsibilities:

  • Develop and maintain a strong understanding of our loan products and services.
  • Interview loan applicants to collect personal and financial information, such as credit history, income, and assets.
  • Analyze and evaluate loan applications to determine creditworthiness and compliance with lending policies.
  • Recommend loan approvals or denials based on the results of the loan analysis.
  • Communicate loan decisions to applicants and explain lending requirements, conditions, and terms.
  • Assist approved applicants with the loan closing process, ensuring all required documentation is accurate and complete.
  • Cross-sell other bank products and services, such as checking accounts, savings accounts, and investment products.
  • Maintain accurate records of all loan activities and prepare reports as needed.
  • Stay informed on industry trends and changes in regulations pertaining to consumer lending.

Requirements:

  • Bachelor's degree in Finance, Business Administration, or related field.
  • Minimum of 2 years of experience in consumer lending, banking, or financial services.
  • Strong knowledge of lending regulations and underwriting standards.
  • Excellent communication, interpersonal, and customer service skills.
  • Strong analytical and problem-solving abilities.
  • Proficient in Microsoft Office applications and loan origination software.


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