Junior Loan Officer

Job Summary:

We are seeking a motivated and detail-oriented individual to join our team as a Junior Loan Officer. As a Junior Loan Officer, you will assist in the loan application process, conduct credit analysis, and provide exceptional customer service to clients. This is an excellent opportunity for someone interested in the financial services industry to gain valuable experience and grow their career.

Responsibilities:

• Assist in the loan application process, including gathering necessary documentation and verifying applicant information
• Conduct credit analysis to assess the risk level of loan applicants
• Collaborate with senior Loan Officers to evaluate loan applications and make recommendations
• Provide excellent customer service by answering client inquiries and addressing concerns
• Maintain accurate and up-to-date records of loan applications and client interactions
• Recommend and outline terms of loan. Inform prospective borrowers of loan commitments
• Determine collateral needs and payment plans for members applying for loans
• Determine eligibility of loan co-maker from co-maker’s statement and credit rating
• Answer questions for members throughout the process. Explain the loan process to include loan options, insurance required on credit union loan products, loan policies, interest rates, payoffs, etc.
• Notify applicant of loan decision. Correspond with members, applicants and creditors to resolve questions regarding application information
• Verify the accuracy of loan amounts and repayment terms on approved loan applications
• Maintain a filing system and procedures to monitor that the required documentation is received and maintained appropriately and according to policies and procedures
• Notify vendor to place security interest of the credit union on title document. Ensure that the documentation on titles is accurate and up-to-date
• Input loans into the system including indirect lending loans. Complete loan documents and disburse loans when approved
• In charge of ELT titling – tracking and releasing
• Attends seminars and conferences pertaining to area of responsibility as required and requested
• Stay informed about current lending practices, industry regulations, and fair housing regulations

Requirements:

• At least one year of lending experience
• Strong analytical skills with the ability to perform credit analysis
• Familiarity with financial sales techniques and customer service principles
• Proficiency in using accounting software for loan tracking and reporting
• Understanding of fair housing regulations and compliance requirements
• Excellent communication skills, both written and verbal
• Strong attention to detail and ability to multitask effectively
• Ability to work independently as well as part of a team
• Basic math skills for calculations related to loan applications

If you are looking for an opportunity to kickstart your career in the financial services industry, this role as a Junior Loan Officer is perfect for you. Apply today to join our dynamic team!

Job Type: Full-time

Pay: $19.00 - $21.00 per hour

Expected hours: 40 per week

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Payment frequency:

• Paid biweekly

Schedule:

• 8 hour shift
• Monday to Friday

Work setting:

• In-person
• Office

Ability to Relocate:

• Pittsburgh, PA 15213: Relocate before starting work (Required)

Work Location: In person