Consumer Loan Officer jobs in Trenton, NJ

Consumer Loan Officer develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Being a Consumer Loan Officer evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Additionally, Consumer Loan Officer maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. The Consumer Loan Officer works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Consumer Loan Officer typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)

I
Loan Officer
  • Inspire Culture First
  • Newtown, PA FULL_TIME
  • With 4 branches in Bucks County, PA and $300 million in assets and over 15,000 members, we’re seeking an energetic professional to join our growing team as a full-time Loan Officer. The Loan Officer will build on the relationships with current Credit Union members by understanding their needs and suggesting credit union products and service to address those needs. The Loan Officer will be responsible for building a trusting and honest relationship during each member interaction, both inside and outside of the Credit Union.
    The position will focus on building relationships with Inspire FCU members by providing accurate and timely information on credit union products and services. Position is responsible for interviewing and evaluating applicants for loans and processing various consumer and real estate loan applications as well as gathering background information, analyze loan applicants’ credit history and be authorized to make credit granting decisions. Approve or disapprove loan applications based on credit analysis. Prepare documentation and complete loan settlement procedures. Provide information on credit union products and services to members in accordance with credit union policies and procedures and State and Federal rules and regulations.

    ESSENTIAL FUNCTIONS

    1. Interview loan applicants and provide information on loan products and alternative products that best meet member’s needs. Request and review all required information and documentation to secure loan.
    2. Complete loan applications over the phone and/or electronically.
    3. Gather background information on loan applicants by interviewing loan applicants and obtaining credit bureau reports.
    4. Handle the loans of highest complexity, value, or risk.
    5. Determine eligibility of loan co-maker from co-maker’s statement and credit rating.
    6. Calculate debt-to-income ratios on loan applicants and calculate how much of a loan applicant’s debt is secured or unsecured.
    7. Assist members with the loan application process to ensure completeness of information within all loan platforms and formats.
    8. Pull and evaluate credit reports for all accounts, verify debts, estimate monthly payments for outstanding debts listed and add them to debts on application.
    9. Determine collateral needs and payment plans for members applying for the loans.
    10. Approve or deny loan applications within pre-established limits set forth by the AVP Consumer Lending Manager; notifies AVP Consumer Lending Manager regarding any loan applications outside of authorized unsecured and secured limits.

    11. Verify the accuracy of loan amounts and repayment terms on approved loan applications.
    12. Notify applicant of loan decision. Correspond with members, applicants and creditors to resolve questions regarding application information.
    13. 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 future.
    14. Cross-sell lending and other credit union products.
    15. Review developing laws and regulations as they apply to loan security agreements.
    16. Willingness to work hours that coordinate with business needs.
    17. Cross-sell lending products offered by the credit union.
    18. Cross-sell all other products offered by the credit union.
    19. Assist in various areas of the loan department when needed
    20. Keep abreast of changes in consumer loan trends.

    NOTE: The list of essential functions is not exhaustive. It may be supplemented as necessary.

    QUALIFICATIONS:

    1. Professional, well-developed interpersonal skills essential for interviewing loan applicants and projecting a positive image as a representative of the Credit Union
    2. Work requires knowledge of consumer loan policy, credit granting criteria, interest rates and how they are computed, and required documentation for each type of loan. Knowledge of interviewing skills and techniques required.
    3. Associate’s Degree or Higher Preferred (High School Diploma Required)
    4. Two years of experience in a lending environment of a credit union or financial institution required. Experience in loan interviewing preferred.
    5. Intermediate math skills required (calculations and concepts involving decimals, percentages, fractions, etc.).
    6. Ability to meet Credit Union attendance standards is required.
    7. Must be bondable.

    EOE

    Interested candidates should fill out the form below to apply.

    Job Type: Full-time

    Pay: $55,000.00 - $62,000.00 per year

    Benefits:

    • 401(k) 6% Match
    • Dental insurance
    • Employee assistance program
    • Flexible spending account
    • Health insurance
    • Life insurance
    • Paid time off
    • Professional development assistance
    • Retirement plan

    Payment frequency:

    • Paid biweekly

    Schedule:

    • 8 hour shift

    Work setting:

    • In-person
    • Office

    Experience:

    • Lending: 1 year (Preferred)
    • Banking: 2 years (Preferred)

    Work Location: In person

  • 9 Days Ago

D
Loan Officer
  • De Novo HRConsulting & Business Advisory
  • Richboro, PA FULL_TIME
  • Our client, Lending Team Inc., is looking to add a Loan Officer to the team. The Junior Loan Officer facilitates residential mortgage loans and advises borrowers on available finance options. This inc...
  • 3 Days Ago

P
Mortgage Loan Officer
  • Penn Community Bank
  • Bristol, PA FULL_TIME
  • Mortgage Loan Officer Job Locations US-PA-Bristol Job ID 2021-1550 # of Openings 1 Category Residential Lending Overview Responsible for soliciting and originating mortgage loan products for the Bank,...
  • 10 Days Ago

F
Mortgage Loan Officer (Hybrid)
  • Fulton Bank, N.A.
  • Jackson, NJ FULL_TIME
  • Mortgage Loan Officer (Hybrid) Job Locations US-NJ-Jackson Requisition ID 2023-18440 Location Name Jackson County Ocean Category Mortgage Banking Position Type (Portal Searching) Full-Time FLSA Status...
  • 13 Days Ago

C
Mortgage Loan Officer
  • Citizens Bank, N.A.
  • Trenton, NJ OTHER
  • DescriptionAt Citizens, tailored advice, personalized experiences, and innovative ideas, products, and solutions, are central to helping clients navigate changing circumstances. In this role, you’ll d...
  • 5 Days Ago

F
Loan Workout Officer
  • First Bank - NJ
  • Hamilton, NJ FULL_TIME
  • Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.We of...
  • 6 Days Ago

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0 Consumer Loan Officer jobs found in Trenton, NJ area

R
Resource Coordinator/Case Manager (Full-Time)
  • Resources for Human Development Inc
  • Job Type Full-time Description Program Overview From shelter to self-sufficiency through strength-based case management....
  • 3/18/2024 12:00:00 AM

T
Manager Trainee - Philadelphia
  • Tower Loan
  • Philadelphia, PA
  • **Manager Trainee - Philadelphia** **Department:** Operations **Office:** Philadelphia **Location:** Philadelphia, MS To...
  • 3/17/2024 12:00:00 AM

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Area Sales Manager
  • Westlake Financial
  • Philadelphia, PA
  • Area Sales Manager Philadelphia, PA | Remote About Western Funding Inc. Western Funding, a dynamic and fast-growing auto...
  • 3/16/2024 12:00:00 AM

M
Sr. Customer Service Associate - 1601 Market
  • Myrepublicbank
  • Philadelphia, PA
  • ** Sr. Customer Service Associate - 1601 Market** **Job Category****:** Customer Service **Requisition Number****:** SRC...
  • 3/16/2024 12:00:00 AM

M
Customer Service Associate 2 - 1601 Market
  • Myrepublicbank
  • Philadelphia, PA
  • ** Customer Service Associate 2 - 1601 Market** **Job Category****:** Customer Service **Requisition Number****:** CUSTO...
  • 3/16/2024 12:00:00 AM

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Mortgage Loan Officer
  • PNC Financial Services Group
  • Philadelphia, PA
  • Job Profile Position Overview At PNC, our people are our greatest differentiator and competitive advantage in the market...
  • 3/15/2024 12:00:00 AM

C
Administrative Assistant I.
  • Catholic Charities, Diocese of Trenton
  • Trenton, NJ
  • About the Organization Catholic Charities, Diocese of Trenton is a faith inspired non-profit organization, mission-drive...
  • 3/15/2024 12:00:00 AM

A
Mechanical Claims Specialist - Bilingual French
  • Ally
  • Trenton, NJ
  • **General information** **Ref #** 16952 **Remote?** Yes **Ally and Your Career** Ally Financial only succeeds when its p...
  • 3/14/2024 12:00:00 AM

According to the United States Census Bureau, the city had a total area of 8.155 square miles (21.122 km2), including 7.648 square miles (19.809 km2) of land and 0.507 square mile (1.313 km2) of water (6.21%). Several bridges across the Delaware River – the Trenton–Morrisville Toll Bridge, Lower Trenton Bridge and Calhoun Street Bridge – connect Trenton to Morrisville, Pennsylvania, all of which are operated by the Delaware River Joint Toll Bridge Commission. Trenton is located near the exact geographic center of the state, which is 5 miles (8.0 km) located southeast of Trenton. The city is so...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Officer jobs
$52,537 to $67,395
Trenton, New Jersey area prices
were up 1.5% from a year ago

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Consumer Loan Officer in Portsmouth, OH
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Consumer Loan Officer in Chicago, IL
Consumers take out loans for many reasons, such as buying a car or paying college tuition.
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