Consumer Lender - MARSHLAND CREDIT UNION

Marshland Credit Union is seeking a highly skilled and detail-oriented Consumer Lender to join our financial institution. As a Consumer Lender, your primary responsibility will be to assess and evaluate loan applications submitted by individuals seeking consumer loans, such as personal loans, auto loans, or home improvement loans. You will analyze applicants' financial information, credit history, and loan purpose to determine their creditworthiness and eligibility for loan approval.

What is the job?

- Review loan applications and supporting documentation to verify the accuracy and completeness of information provided by applicants.

- Conduct detailed financial analyses to evaluate an applicant's ability to repay loans, assessing income, debt-to-income ratios, credit scores, and other relevant financial factors.

- Assess the purpose of the loan and its potential risk to the financial institution, ensuring compliance with lending regulations and internal policies. 

 - Provide recommendations on loan approvals or rejections based on the assessment of creditworthiness and risk analysis. 

 - Collaborate with underwriters and loan officers to resolve any discrepancies or request additional documentation from applicants. 

 - Communicate loan decisions to applicants in a clear, professional, and timely manner, providing explanations when necessary. 

 - Stay informed about changes in lending regulations, industry trends, and market conditions to maintain up-to-date knowledge and ensure compliance when assessing loans. 

 - Build and maintain strong relationships with borrowers, assisting them throughout the loan application process and offering exceptional customer service. 

 - Work closely with loan servicing departments to monitor loan performance and ensure adherence to contractual terms. 

 - Meet loan production targets while maintaining loan quality and minimizing risk exposure for the organization.

What will make you successful? 

 - Bachelor's degree in finance, economics, or a related field (preferred). 

 - Proven experience as a Consumer Lender or in a similar role within the financial services industry. 

 - In-depth understanding of lending regulations, compliance requirements, and risk management practices. 

 - Proficiency in using loan origination software and financial analysis tools. 

 - Excellent analytical skills, with the ability to analyze complex financial information and make informed decisions. 

 - Strong communication and interpersonal skills to effectively interact with borrowers and team members.

 - Attention to detail and accuracy in reviewing loan applications and supporting documents. 

 - Ability to prioritize tasks and manage multiple loan applications concurrently. 

 - Knowledge of credit underwriting principles and techniques. 

 - A commitment to maintaining confidentiality and protecting sensitive customer information. 

 - Professional appearance and demeanor.

This job description is intended to convey essential job functions and responsibilities and is not exhaustive. It is subject to change at the discretion of the employer.