Loan Officer

$41,600 - $41,600/Yr

E-Central Credit Union - Pasadena, CA

Full-time - Mid Level

Pasadena, CA

Credit Intermediation and Related Activities

About the position

E-Central Credit Union is seeking a Loan Officer to join their team in Pasadena, CA. This full-time position involves collaborating with the Lending team to develop and maintain profitable business relationships by evaluating and recommending approval for various loan applications. The Loan Officer will play a crucial role in ensuring a supportive work environment while contributing to the personal and professional growth of employees.

Responsibilities

• Interview loan applicants and request specified information for loan applications; explain payment options and set up repayment schedule with the applicant.
• Analyze applicants' financial status, credit, and property evaluation to determine the feasibility of granting a loan.
• Cross-sell the Credit Union's loan and ancillary products.
• Meet a monthly production requirement.
• Determine the correct Relationship Pricing and perform due diligence background checks.
• Correspond with applicants or creditors to resolve questions regarding application information.
• Recommend approval to the underwriter or refer loans to the manager.
• Ensure loan agreements and documentation are complete and accurate according to policy; provide members with copies of all signed documents.
• Provide credit decision response to members; arrange for disbursement of approved loans.
• Call used car dealerships, attend real estate caravan events, and follow up with loan members to generate business leads.
• Complete training assignments on a timely basis and maintain appropriate licensing.
• Provide assistance with Member Services, Collection and Teller functions.

Requirements

• Minimum two (2) years of experience in consumer lending, preferably in a bank or credit union.
• Ability to read, analyze, and interpret financial statements, Credit Union policies, and governmental regulations.
• Exemplary customer service and interpersonal skills to build rapport with new and existing members.
• Excellent written and oral communication skills.
• Strong organizational, problem-solving, and analytical skills to exercise good judgment and make timely and sound decisions.
• Bilingual skills a plus.

Benefits

• Disability insurance
• Health insurance
• Dental insurance
• Vision insurance
• Life and LTD coverage
• 401(k) retirement plan