Loan Officer Direct Lending

Join Our Team

For 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Named one of America's Best-In-State Credit Unions by Forbes Magazine in 2022, Teachers has grown into one of the leading credit unions in the United States. As we broaden our national reach, we will continue to ensure that Teachers is a Best Place to Bank and a Best Place to Work. Teachers offers a variety of exciting career opportunities ranging from part-time and full-time staffers to executive leadership roles.

Summary:

Responsible for underwriting consumer loans received online, by the call center or through retail branch locations to increase company revenue by reviewing loan applications with supporting documentation and decisioning loans based on established criteria.

Qualifications & Education:

• Associate's degree or four years directly related experience.

• Minimum 2 years underwriting experience required

• Strong understanding of consumer loan contracts including APR, amortization schedule, and simple interest calculations

• Knowledge of credit union lending policy, lending regulations, and lending fundamentals

• Effective written and verbal communication skills

• Strong attention to detail and accuracy

Job Duties:

• Reviews and analyzes an applicant's consumer loan application based on credit rating, borrowing history, and other risk factors.

• Monitors application queues and provides timely decisions.

• Engages applicants on pending consumer loan applications before 30 days to provide a decision.

• Identify leads and opportunities for other Teachers products to deepen the member relationship.

• Responsible for timely communication of loan decision and other lending opportunities to the branch representatives assisting the applicants.

• Analyze financial data such as proof of income and/or tax returns to ensure accuracy, completeness, and perform a fraud review.

• Discusses adverse actions according to proper regulatory guidelines with applicants as needed.

• Available for questions by phone, chat, or email from the branch and call center personnel during normal business hours.

• Makes recommendations on policy and procedure changes based on observation and evolving needs in the lending environment.

• Assists branch personnel, Consumer Loan Processors and Analysts, in an underwriting capacity, as needed during normal business hours.

• Comply with Teachers policies, procedures, guidelines and related laws/regulations.

• Keep Consumer Lending Management abreast of potential fraudulent applications, documents or trends that are putting the Credit Union at risk.

Benefits of Joining the Teachers Team:

We provide a competitive compensation and benefits package that includes, but is not limited to:

• Paid time off for vacation, personal days, and holidays

• Fully-funded pension plan

• 401(k) company contribution

• Teachers pays 100% Premium Coverage for Vision & Dental Care

• Tuition reimbursement is offered to full-time employees

• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $34.62 to $41.54 an hour. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

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