GNWFCU POSITION DESCRIPTION
LOAN OFFICER I
Reports to: VP of Lending or Loan Dept. Manager
Hourly Pay Range: $13.00 an hour to $20.00 an hour D.O.E.
Plus monthly incentive pay and possible quarterly incentive pay.
Exempt/Non-exempt: Non-exempt - Full-time
Supervises: N/A
Note: Statements included in this description are intended to reflect, in general,
the duties and responsibilities of this position and are not to be intended as being all
inclusive. Nothing in this position description is intended to be and nothing in it
should be construed to be a contract of employment, expressed or implied.
Primary Purpose of Position: To make sound lending decisions. Individual financial
counseling. Back-up Loan Clerk I and Loan Clerk II positions. Regular attendance
is an essential requirement for this position. All other duties as assigned.
Duties and Responsibilities:
1. Make informed decisions on all loans within approved lending limits.
2. Lien look-ups.
3. FHA insurance reports.
4. Delinquent property tax report.
5. Process HELP loans.
6. 30 day delinquent letters and calls to members.
7. Minnesota Mutual monthly report.
8. Cross-selling of products and services.
9. Employees who are responsible for taking Mortgage loan applications or
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answering members’ questions about Mortgages are required to be registered with
NMLS (Nationwide Mortgage Licensing System & Registry). Employees must have a
background search and be finger printed and approved, to receive their MLO number
and be registered. The VP of Lending will be the lead for this requirement.
10. Employees responsible for selling or processing loans will have a set monthly
goal for cross-selling Credit Life and Disability Insurances. These goals will be
monitored and scored in reviews.
11. Incentives - Loan dept. has monthly loan and service incentives that are paid as
follows: $25.00 per GAP sold - $25.00 per MBI sold - 1 months premium for sale of
Life &/or Disability.
12. Following MIP procedures. Following all record keeping procedures ( loans over
$10,000. Not secured by real estate).
13. Must comply with the credit union's BSA/AML/OFAC policy as required by the
position.
Knowledge, Skills, and Abilities Desired:
Typically, 2 years minimum experience in lending. 3 years experience in a financial
institution or GNWFCU. A High School Diploma or equivalent. Demonstrates
excellent communication skills and the ability to work successfully with the public
and other employees in a frequently stressful environment. Demonstrates a high
degree of self motivation and strong decision making skills. Experience in lending,
sales, and customer/member service. Employees of GNWFCU must possess
mobility and stamina to work in a standard office setting. Employee must be able to
use standard office equipment. At times some employees may have to lift items up
to 30 pounds. Part of the job requirements may include the need to stand or sit for
long periods of time. Some employees may need the ability to raise arms above
their head. Employees should have adequate hearing and speech to communicate
with our members and/or staff on the phone, in person or through the drive-thru
speaker systems. This statement is not all inclusive of the physical requirements
but is in general, covering most areas of the credit union. GNWFCU will make every
effort to provide reasonable accommodations to an employee with a physical, mental
or sensory disability in order to allow that employee to perform the essential
functions of his or her job.
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The above information on this position description has been designed to indicate
the general nature and level of work performed by employees within this job.
It is not designed to contain or be interpreted as a comprehensive inventory of
all job duties, responsibilities and qualifications required of employees assigned
to this position. Aspects of this position may be changed or supplemented from
time to time, at the sole discretion of management.
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Employee Signature Acknowledgement
Loan Officer 1 Job Description
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Date
11/20/2012
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