Assistant Loan Officer

Job Overview:
Responsible for processing provident or productive loans in accordance with North Carolina state laws, federal regulations, and Welcome Federal Credit Union’s (WFCU) policies.

Duties:
· Assists members with the loan application process, interviews applicants, and provides recommendations for loans.

· Processes loans with the highest complexity, value, or risk.

· Gathers background information, applicants’ credit history, and obtains credit reports. Processes credit reviews in accordance with WFCU’s criteria, policies, and procedures.

· Determines collateral requirements, values, and establish payment plans. Informs prospective borrowers of loan commitments.

· Upon Loan Officer approval, assures that each loan is properly and accurately prepared and documented.

· Explains reasons for denial and completes and mails appropriate forms. Explores alternative lending options for members when loans are denied.

· Conducts loan closings with members in accordance with state and federal laws and regulations and WFCU policies and procedures.

· Assures that the Credit Union’s lien is filed with appropriate agencies and is listed on all collateral documents; that legal collateral documents are secured; and that all property/collateral secured loans are covered by collision insurance.

· Calculates loan payoffs as requested and process repaid loans by verifying that notes are paid in full and accurately releases collateral documents.

· Processes monthly delinquency and initiates appropriate actions, maintaining detailed written records of all communications, in accordance with The Fair Debt Collections Practices Act and the guidelines contained within the WFCU’s Collection Manual.

· Cross-sells appropriate WFCU services, products, and loans.

· Responsible for training, guiding, and monitoring activities of junior loan personnel.

· Assists with responsibilities of the Loan Officer/Branch Manager in his/her absence.

· Represents WFCU to members in a courteous and professional manner and provides prompt, efficient, and accurate service.

· Prevents losses by adhering to internal procedures in the event of robbery, fraud, extortion, or bomb threat and becomes familiar with both the Robbery Pac and the Credit Union Security Plan.

· Assists and supports all marketing efforts, products, and loan promotions.

· Maintains knowledge of all state and federal regulations that are applicable to this position.

· Maintains professional competency by seeking and participating in field related up-to-date continued training, education and personal growth experiences.

· Performs such other duties as incumbent upon the position and as assigned.

If you are a motivated individual with a passion for helping others achieve their financial goals, we encourage you to apply for this position. Join our team of dedicated professionals and make a difference in the lives of our clients.

Note: This job description is intended to provide a general overview of the position and does not encompass all responsibilities and duties. Additional tasks may be assigned as needed.

Job Type: Full-time

Pay: $25,000.00 - $35,000.00 per year

Benefits:

• 401(k) 4% Match
• 401(k) matching
• Dental insurance
• Employee discount
• Flexible spending account
• Health insurance
• Life insurance
• Opportunities for advancement
• Paid time off
• Vision insurance

Compensation package:

• Bonus opportunities

Payment frequency:

• Paid biweekly

Schedule:

• 8 hour shift

Work setting:

• In-person
• Office

Ability to Relocate:

• Greenville, NC 27858: Relocate before starting work (Required)

Work Location: In person