Consumer Loan Officer - South Boston, United States - City of Boston Credit Union

City of Boston Credit Union
City of Boston Credit Union
Verified Company
South Boston, United States

1 hour ago

Mark Lane

Posted by:

Mark Lane

beBee recruiter
Description

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OVERVIEW:
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Specific duties include, but are not limited to, the following:

  • Compliance: Ensure compliance with federal, state, and local lending laws and regulations. Stay updated on changes in regulatory requirements and adjust underwriting practices accordingly.
  • Communication: Collaborate with branch staff, members, and other stakeholders to gather additional information when necessary. Communicate underwriting decisions to relevant parties in a clear and timely manner.
  • Documentation: Maintain accurate and thorough documentation of the underwriting process. Ensure that all required documentation is collected and retained in accordance with regulatory guidelines.
  • Customer Service: Provide support to the all staff by offering insights into underwriting decisions. Address inquiries from members regarding the underwriting process professionally and courteously.
  • Risk Mitigation: Identify potential risks associated with consumer loans and propose strategies for risk mitigation. Participate in the development and enhancement of underwriting policies and procedures.

REQUIREMENTS:

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  • Bachelor's degree in finance, business, or a related field or equivalent working experience.
  • Five to seven (5 to 7) years' experience as a consumer lending loan officer or similar role in a credit union or banking environment.
  • Strong understanding of consumer lending practices, credit analysis, and risk assessment.
  • Familiarity with loan origination systems and financial software.
  • Excellent analytical and problemsolving skills.
  • Attention to detail and a commitment to accuracy.
  • Effective communication and interpersonal skills.

Benefits:


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

Payment frequency:

  • Paid weekly

Work setting:

  • Inperson
  • Office

Education:


  • Bachelor's (required)

Experience:


  • Loan officer: 5 years (required)

Ability to Commute:

  • South Boston, MA required)

Ability to Relocate:

  • South Boston, MA 02127: Relocate before starting work (required)

Work Location:
In person
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