- The ability to handle complex loan decisions.
- Manage dispersal of Meridianlink workflow and Queues.
- Review loan applications and assess applicants' creditworthiness, analyzing financial documents, credit reports, and other relevant information.
- Evaluate each loan application's overall risk profile, considering factors such as income, debt-to-income ratio, credit history, and collateral value.
- Make informed lending decisions based on the credit union's lending policies, regulatory requirements, and risk tolerance.
- Collaborate with loan processors, branch team, and other stakeholders to gather additional information and insights for complex or borderline cases.
- Ensure compliance with federal and state lending regulations, credit union policies, and industry best practices.
- Identify potentially fraudulent activities and take appropriate actions to mitigate risk.
- Participate in ongoing training to stay updated on industry trends, regulations, and underwriting guidelines.
- Assist in developing and refining credit policies, underwriting procedures, and risk assessment models.
- Communicate effectively with internal teams to provide insights, share decisions, and contribute to the overall loan processing workflow.
- Conduct a thorough analysis of dealership-submitted loan applications, ensuring compliance with lending policies and regulatory requirements.
- Evaluate dealership-submitted applicants' financial information, credit history, and debt-to-income ratios to determine creditworthiness, incorporating insights from dealer referrals to streamline underwriting.
- Assess the risk associated with each loan application and make informed decisions on loan approvals, leveraging knowledge of indirect lending practices to mitigate risk and enhance profitability.
- Utilize expertise in indirect lending practices and CUDL to efficiently underwrite auto loans, collaborating closely with auto dealerships to expedite approvals and ensure a seamless member experience.
- Develop and maintain strong relationships with auto dealerships, liaising between dealerships and the credit union to foster mutual trust and collaboration.
- Identify opportunities to expand the credit union's auto loan portfolio by engaging with new and existing dealer partners, negotiating favorable terms, and promoting lending products and services.
- Monitor the credit union's auto loan portfolio, analyzing performance metrics and identifying growth opportunities while staying informed about market trends and competitor offerings.
- Provide exceptional customer service to members and auto dealerships, addressing inquiries, resolving issues, and ensuring a positive experience throughout the loan process.
- Update and review Quarterly Dealer Scorecards and review with department management
- A minimum of 3 years of experience underwriting auto and consumer loans, strongly emphasizing developing and maintaining relationships with auto dealerships.
- Extensive knowledge of indirect lending practices, including familiarity with platforms like Credit Union Direct Lending (CUDL) and a proven ability to navigate complex lending processes.
- Excellent analytical skills and attention to detail, with the ability to assess credit risk and make sound lending decisions in a fast-paced environment.
- Excellent understanding of lending regulations, credit analysis, risk assessment, and underwriting methodologies
- Must possess strong interpersonal skills, a positive attitude, good collaboration, and a desire to help people.
- Must be able to identify members' opportunities for financial improvement, communicate recommendations, and provide support.
- Must possess effective verbal and written communication skills.
- Must have reliable attendance.
- Strong communication and interpersonal skills, with the ability to effectively collaborate with internal teams, auto dealerships, and external stakeholders.
- Proficiency in using financial analysis tools, loan origination systems, and Microsoft Office applications.
- Commitment to maintaining the highest integrity, professionalism, and Member service standards in all interactions.
- Bilingual (Spanish/English) preferred.
- A valid California Class C Driver's License, a method of transportation when needed to carry out job-related essential functions, and at least minimum automobile insurance coverage as required by the State of California Compensation details:
-
Loan Officer
1 week ago
Inheritance Funding Company, Inc. California, United StatesSummary: Similar to a traditional Loan Officer in the mortgage industry, our Funding Officer position acts as the primary point of contact with clients, guiding them from new lead through post-funding. Funding Officers also work internally to structure prospective transactions an ...
-
Mortgage Loan Officer
1 week ago
DirectMyLoan California, United StatesCompany Description · DirectMyLoan is dedicated to serving the needs of homebuyers and homeowners across the US. We help clients find the right loan for their situation, whether it's their first home, an upgrade, a vacation home, multi-unit properties, or a renovation project. Ou ...
-
Underwriter/Loan Officer
2 weeks ago
Ultimate Staffing California, United StatesSeeking an Underwriter/Loan Officer for an immediate opening at a bank in the Pasadena, CA area. Must have 10+ years experience originating and underwriting commercial loans, with business development success. · Salary: $80K-100K+ · DUTIES · Evaluate loan applications, underwrite ...
-
Mortgage Loan Officer
3 days ago
Primary Residential Mortgage California, United StatesPrimary Residential Mortgage, Inc. (PRMI) is expanding its operations and seeks a Mortgage Loan Officer to develop and accelerate this growth. · Why PRMI? · We pride ourselves on being more than just a workplace, we are a tight-knit work family. · Join a company with a strong bra ...
-
Mortgage Loan Officer
1 week ago
Owning California, United StatesWe are searching for Loan Originators nationwide for our online division, This is a phenomenal opportunity for an experienced Originators who is looking to grow their book of business. If you are a Loan Originator who has focused on self sourcing your business and knows they can ...
-
Mortgage Loan Officer
3 days ago
Wheeler Staffing Partners California, United StatesWSP represents multiple clients within the mortgage sector. We have current opportunities with direct lenders, brokers, retail shops, wholesale shops, and additional business models. · We are seeking an experienced Residential Mortgage Loan Originator with a proven track record o ...
-
Commercial Loan Officer/Underwriter
1 week ago
Ultimate Staffing California, United StatesCommercial Loan Officer/Underwriter · On-site in Pasadena, CA · $80-$100k Annually · The Loan Officer/Underwriter is responsible for negotiating, underwriting and coordinating the closing of consumer/commercial loans in compliance with the lending policies and procedures; to dev ...
-
Consumer Loan Officer l
1 week ago
Foothill Credit Union California, United States Full time: Position: Consumer Loan Officer I (CLO I) · Salary Range: $24.18 to $36.27 · Description · Founded in 1958, Foothill is a not-for-profit, member-owned, $720 million-strong cooperative financial institution serving more than 30,000 members. We focus on providing quality me ...
-
Sr. Loan Officer, Retail
16 hours ago
AmeriHome Mortgage Company, LLC California, United States Full timeJob Title: · Sr. Loan Officer, Retail Location: · Remote - CA (Southern) What you'll do: · AmeriHome Distributed Retail Loan Officers work directly with Clients and third-party referral sources (Realtors, Builders, CPA's, Financial Advisors, etc.) to generate both purchase a ...
-
Customer Service Representative
6 days ago
Lendmark Financial Services California, United StatesAt Lendmark Financial Services, we believe the success of our company is specifically attributable to the quality of our employees and their commitment to our customers. We value each customer and understand that people want to do business with people who care. That's one way we ...
-
Licensed Practical Nurse, LPN
4 days ago
BAYADA Home Health Care Republic, United States$5,000 Sign on bonus - (stipulations apply) · Pediatrics: · Branson – School Case – M-F 6:30a-5pm (some days ending sooner) S/SU weekend option 8, 10 or 12 hour shifts · Nixa – S/SU 7a-5p · Greenfield – Trach/vent – S/SU 10:30p-6:30am · Adults: · Republic – TH/SU 8:30a-4:30p · We ...
-
Creditors Rights
1 week ago
Entrusted Advisors California, United StatesEntrusted Advisors is actively seeking exceptionally talented mid-level solo attorneys with debt collection experience for long-term, flexible, remote engagement with a WBENC (woman owned and operated) law firm with offices nationwide with a focus on financial institutions. Candi ...
-
Underwriting Manager
1 week ago
theLender California, United StatesThe Underwriting Manager is responsible for planning, organizing, and directing all loan activities as they relate to Underwriting. Assists with the development, implementation and execution of loan fulfillment plans, policies, and goals that support organizational strategic obje ...
-
Medical Officer
2 weeks ago
US ARMY - 6th Medical Recruiting Battalion California, United States Full timeAs a Nuclear Medicine Officer, you will supervise nuclear medical examinations and therapies. You will be responsible for administering ionizing radiation and giving patient care in all medical aspects of nuclear energy and bio-nucleonics. Additionally, youll provide research on ...
-
All Star Healthcare Solutions California, United StatesOBGYN wanted outside of the Bay area. Please see below for additional details and refer to JOB ID#53537 · Job Details: · Board Certified/Eligible OBGYN · Active California License or in process · Need is due to growth · Joining three physicians · Office hours are Monday through F ...
-
Bilingual Mandarin Branch Manager
3 days ago
Ultimate Staffing California, United StatesWe are looking for a direct hire Branch Manager in Pasadena, CA. Bilingual Mandarin is required. · Salary - $75k-100k Annually · Duties & Responsibilities: · Organize, direct and administer the service and sales activities of the branch. · Manage the sales function by developin ...
-
Sales Specialist
2 weeks ago
Tax Relief Advocates California, United StatesTax debt is an issue that millions of Americans face, and even though we depend on taxation to keep the public going, it can get complicated. Today, there is more tax debt owed than ever before and the people need experts who can bring them real solutions. · TRA stands apart from ...
-
OB/GYN (Obstetrician / Gynecologist)
16 hours ago
US ARMY - 6th Medical Recruiting Battalion California, United States Part timeAs an obstetrician/gynecologist and officer with the U.S. Army Medical Corps, youll provide medical care during pregnancies, perform obstetric deliveries and prescribes courses of treatment or surgery for cases concerning gynecological disease, injury, or disorder. Youll may have ...
-
General Counsel
1 week ago
Larson Maddox California, United StatesOur client is an emerging Credit Union looking to add an Associate General Counsel to their growing legal department sitting out of their Orange County office. This is an exciting opportunity to get exposure across various levels of the business and work closely with the General ...
-
vp of account and project management
2 weeks ago
San Francisco Housing Accelerator Fund California, United StatesHousing Accelerator Fund · Position: Lending Role - Vice President / Senior Vice President · Current Location: Hybrid - 1-2 days/wk in SF office · Full JD: · Website: · HAF is an innovative nonprofit lender and Community Development Financial Institution (CDFI). Established ...
Consumer Loan Officer l - California, United States - Foothill Credit Union
Description
:Position:
Consumer Loan Officer I (CLO I)
Salary Range:
$24.18 to $36.27 Description
Founded in 1958, Foothill is a not-for-profit, member-owned, $720 million-strong cooperative financial institution serving more than 30,000 members.
We focus on providing quality member service to our 300+ SEGs, including six hospitals, fourteen school districts, two colleges, seventeen private schools, businesses, and municipalities in the San Gabriel Valley.
Serving our members with excellence and exceeding expectations is at the forefront of our business, and we can happily share that Foothill has been ranked a five-star financial institution by Bauer Financial.
Bauer only recommends institutions with four- and five-star ratings. We are amongst the highest of our peers.Foothill Credit Union is a community advocate and strives to partner with other businesses and organizations dedicated to community involvement.
We often participate in events and fundraising efforts benefiting the schools and organizations we serve to give back to our members and community.
AwardsCUNA 2021 Member Benefits Top Performance for delivering a direct benefit of $690 per member household
Benefits:
We offer a competitive compensation package, including benefits such as health, dental, and vision insurance, vacation time off, retirement plans, and professional development opportunities.
Health Insurance Coverage (Medical, Dental, and Vision)401(k) Plan with dollar-for-dollar match (up to 6%)
Profit-Sharing Plan
Flexible Spending Account
Life and AD&D Insurance
Paid Time-Off Program
Educational Reimbursement Program
Paid Holidays
Special Recognition Programs
Referral Program Foothill Credit Union is an Equal Opportunity Employer and does not discriminate against any team member or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state, or local protected class
Summary:
The Consumer Loan Officer I role is not just a job but a crucial part of our credit union's mission to "improve members' financial health by providing an exceptional member experience." This position embodies our core values, always representing the Credit Union in a professional, friendly, helpful, and timely manner.
The Consumer Loan Officer I plays a pivotal role in making informed lending decisions, contributing to the growth and stability of our credit union.
They evaluate loan applications, assess risk, and ensure our lending practices align with regulatory guidelines and internal policies.The CLO I also assesses dealership-submitted loan applications while cultivating and nurturing relationships with auto dealerships to drive business growth.
Expertise in indirect auto lending practices and familiarity with platforms like Credit Union Direct Lending (CUDL) will be essential in facilitating seamless transactions between dealerships and the credit union.
Essential Duties and Responsibilities:
Additional functions and requirements may be assigned by supervisors as deemed appropriate.
85% Loan Officer Duties and Responsibilities:
15% Auto Loan Buyer Duties and Responsibilities:
Requirements:
Experience/Education:
Licenses:
Must be registered as a Real Estate Loan Originator through the National Mortgage Licensing System and Registry and renew annually as required.
Other Essential Skills and Abilities:
