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Job description
Primary Function
nProvide information on Credit Union (CU) products and services according to all CU policies and procedures and Federal and State rules and regulations. Responsible for interviewing and evaluating applicants for routine loans and processing loan applications. Gather background information and analyze loan applicants’ credit history. Approve or deny loan applications based on analysis. Operate with moderate credit authority.
nDuties and Responsibilities
nnGather background information on loan applicants by interviewing loan applicants and obtaining credit bureau reports.
nAssist members with the loan application process to ensure completeness of information.
nPull credit reports for all accounts, verify debts, and estimate monthly payments for any outstanding debts not listed and add them to debts on application.
nCalculate debt-to-income ratios on loan applicants.
nCalculate how much of a loan applicant’s debt is secured or unsecured.
nComplete loan applications over the phone and/or electronically.
nDetermine collateral needs and payment plans for members applying for loans.
nDetermine eligibility of loan co-maker from co-maker’s statement and credit rating.
nApprove or deny loan applications. All denials go through the Credit Committee.
nWhen a loan is denied, explain reasons for denial in a professional, courteous manner. Send a letter to the member explaining the reason for denial. Work with members to provide recommendations or alternative options for other possible ways to secure a loan in future.
nVerify the accuracy of loan amounts and repayment terms on approved loan applications.
nImplement new loan products and services in accordance with management direction.
nCross-sell lending and other CU products.
nPrepare End of the Month (EOM) Credit Committee Reports.
nPrepare monthly reports of new and denied loans.
nPrepare reports of risk-based lending performance.
nMaintain records for Special Committee, Board Loan approvals, and Credit Committee meetings and prepare monthly annual reports of meetings.
nTrack the receipt of titles and/or liens for collateral loans.
nHandle weekly paperwork to place NODA liens for refinance titles or any title transfers. Check and file new titles for new loans.
nPost wire transfers and release of Electronic Fund Transfers (EFT’s)
nPull payment reports daily to make sure automatic payments/transfers are completed.
nHandle all GAP claims. Submit paperwork for CUNA.
nMaintain the CU Skip-A-Pay program.
nAssist and support Branch Manager with the CPI program.
nAssist with telephone calls as needed.
nProvide assistance and backup in all areas of the CU when needed.
nOther tasks and duties as assigned by management.
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Worksite address
slidell, LA, 70461, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.