Consumer Loan Officer jobs in Missouri

TelComm Credit Union, voted “Best Credit Union” by Springfield News-Leader readers 13 years in a row provides our members with one of a kind #BetterThanBanking experiences. If you have a passion for helping others with friendly service, know your way around a computer keyboard, and aren’t afraid of a challenge we would love to talk to you! Don’t miss out on this opportunity to be part of this great environment and local company with room for growth!

Position Purpose: Provide information on credit union products and services according to all credit union 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.

Job Responsibilities:

• Gather background information on loan applicants by interviewing loan applicants and obtaining credit bureau reports.
• Assist members with the loan application process to ensure completeness of information.
• Pull credit reports for all accounts, verify debts, and estimate monthly payments for any outstanding debts not listed and add them to debts on application. Calculate debt‐to‐income ratios on loan applicants.
• Calculate how much of a loan applicant’s debt is secured or unsecured.
• Complete loan applications over the phone and/or electronically.
• 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.
• Approve or deny loan applications.
• When a loan is denied, explain reasons for denial in a professional, courteous manner. Work with member to provide recommendations or alternative options for other possible ways to secure a loan in the future.
• Verify the accuracy of loan amounts and repayment terms on approved loan applications.
• Complete loan documents and disburse loans when approved.
• Implement new loan products and services in accordance with management direction.
• Cross‐sell lending and other credit union products.
• Other duties as assigned.