Loan Officer

Cooperative Federal is a unique combination of a traditional credit union and a non-profit community development organization. We operate four community-based offices in the city of Syracuse, NY and three high-school branches. Joining our team is making a choice to dedicate yourself to building our local community and using the tools of finance to disrupt the racial wealth gap and inequality, and advance social justice.

The following essential responsibilities are driven by our mission: to serve those underserved by conventional financial institutions, to manage our members’ assets responsibly, and rebuild the local economy in ways that foster justice:

GENERAL SCOPE OF ROLE:

Plan, organize, and implement lending activities pertaining to origination, underwriting, and closing of loans; perform related work as required.

Essential Functions:

1. Conduct loan interviews and counsel loan applicants.

2. Complete loan papers and disburse funds on approved applications.

3. Obtain credit reports according to established policies and procedures.

4. Monitor all loans for lien filing perfection and proper collateral insurance coverage.

5. Submit required information for Collateral Protection Insurance when needed.

6. Check all loans processed weekly for the Loan Committee report.

7. Meet with the Loan Committee as required.

8. May contact borrowers who are behind on payments, to determine the reasons for delinquency and assist them in developing plans to bring accounts to a current status

9. Ensure compliance with credit union policies and procedures and with regulatory requirements. Adhere to high standards of confidentiality and honesty.

10. Perform liaison functions between departments to ensure efficient service.

11. Handle routine correspondence.

12. Maintain a working knowledge of the Credit Union’s data processing system.

13. Actively participate in consumer education/outreach activities including workshops, community events, and other sponsored initiatives; evening and weekend hours may be required.

JOB REQUIREMENTS AND QUALIFICATIONS

Knowledge Requirements

• Ability to maintain cooperative working relationships with a variety of diverse members, staff, and officials; to embrace the mission of serving the underserved.
• Thorough working knowledge of the lending process from application to closing.
• Ability to plan and organize workload; strong attention to detail is required.
• Ability to be creative and take risks.

Physical Requirements

These physical requirements are representative of what is necessary for an employee to successfully perform the essential functions of the Loan Officer position. Reasonable accommodation can be made to enable people to perform the described essential functions.

The Loan Officer is often required to sit, to stand, to walk, conduct phone interviews and to use their hands and fingers. The employee is occasionally required to lift up to 25 lbs.

Job Type: Full-time

Pay: $40,000.00 - $50,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible schedule
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Day shift
• Monday to Friday

COVID-19 considerations:
Masks and sanitizers are available to all visitors and masks are required while in any of our locations, surfaces are regularly sanitized and employees must be Fully Vaccinated. Air purifiers throughout all our offices.

Application Question(s):

• What other language(s) you are proficient in?

Experience:

• Fair Housing regulations: 1 year (Preferred)
• Loan origination: 2 years (Preferred)
• Sales: 1 year (Preferred)

Work Location: One location