Lending Loan Officer (Full Time)

About the Role:

The Lending Loan Officer plays a critical role in facilitating the loan process for members by evaluating, authorizing, or recommending approval of loan applications. This position requires a thorough understanding of lending policies, financial regulations, and credit analysis to ensure responsible lending practices. The Lending Loan Officer will work closely with members to assess their financial needs, explain loan options, and guide them through the application process to secure appropriate financing solutions. Success in this role directly impacts the financial health of both Marine Federal Credit Union and its members by managing risk and fostering strong member relationships. Ultimately, the Lending Loan Officer contributes to the growth and profitability of the lending portfolio while maintaining compliance with all regulatory requirements and internal policies.

Minimum Qualifications:

• High School Diploma or equivalent
• Proven experience as a Loan Officer or in a similar lending role.
• Strong knowledge of lending regulations, credit analysis, and loan underwriting processes.
• Excellent communication and interpersonal skills to effectively interact with members and internal teams.
• Proficiency with loan processing software and Microsoft Office Suite.

Preferred Qualifications:

• Experience working with diverse consumer loan products.
• Familiarity with federal and state lending regulations and compliance requirements.
• Demonstrated ability to build and maintain a strong member relationships.
• Advanced skills in financial analysis and risk assessment.

Responsibilities:

• Evaluate loan applications by analyzing applicants’ financial status, income, and credit to determine feasibility of granting loans.
• Interview applicants, as needed, to obtain information and answer questions about the loan process, terms, and conditions.
• Review and verify financial documents such as income statements, credit reports, and tax returns to assess creditworthiness.
• Maintain detailed records of loan applications, approvals, and disbursements in compliance with regulatory standards.
• Develop and maintain relationships with members to provide ongoing support and identify opportunities for additional lending products.
• Stay current with lending regulations, market trends, and product offerings to provide accurate and compliant advice.
• Collaborate with internal departments such as underwriting, compliance, and collections to ensure smooth loan processing and servicing.

Skills:

The required skills enable the Lending Loan Officer to accurately assess financial documents and creditworthiness, ensuring that loan decisions are sound and compliant with regulations. Strong communication skills are essential for explaining complex loan terms clearly to members and for collaborating effectively with underwriting and compliance teams, as needed. Proficiency in loan processing software streamlines application management and documentation, improving efficiency and accuracy. Preferred skills such as advanced financial analysis and certification enhance the officer’s ability to handle complex loan products and regulatory environments. Together, these skills support the Lending Loan Officer in delivering excellent member service while managing risk and contributing to the institution’s lending goals.