Equity Loan Officer (On-Site)

Educational Federal Credit Union; Miami (FL); On-site; USD 60,000 - 85,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance

Retirement/401K with matching

Paid Holidays

Paid Vacation

Tuition reimbursement for Undergrad &G

Job summary

Educational Federal Credit Union in Miami, FL, is seeking an Equity Loan Officer to educate and guide members through Equity Loan and HELOC processes while delivering exceptional service. You will build relationships with branches, members, and staff to identify lending opportunities and originate equity products.

You will collect documentation, communicate underwriting decisions, and ensure compliance with policies and regulations.

Qualifications

• Associate's degree or equivalent required.
• 2–4 years of equity lending experience required.
• Ability to communicate loan requirements and options clearly.
• Strong organizational and multitasking abilities.

Responsibilities

• Respond to member inquiries regarding Equity Loans, HELOCs, and other lending products, explaining options, eligibility, rates, terms, and the process.
• Promptly respond to referrals and new loan applications with timely follow-up.
• Maintain visible presence at branches to cultivate referral relationships and originate Equity Loans and HELOCs.
• Refer first mortgage opportunities to Mortgage Loan Officer while maintaining a positive member experience.
• Communicate loan process status and underwriting decisions to members, adhering to service levels.
• Communicate underwriting decisions, denials, counteroffers, and alternatives per policy and regulations; refer to financial counseling when appropriate.
• Meet or exceed monthly loan production goals while ensuring compliance with lending policies and regulations.
• Conduct loan closings for Equity Loans and Equity Lines of Credit.
• Participate in events and outreach to promote products and generate referrals.

Skills

Strong organizational skills

Verbal and written communication

Problem solving

Customer service

Sales skills

Relationship building

Regulatory compliance

Lending knowledge

MS Office

Education

Associate's degree or equivalent

Tools

Loan origination systems

Document management systems

Lending platforms

Job description

Job Description

The Equity Loan Officer (ELO) is responsible for educating, advising, and guiding members through the Equity Loan and Home Equity Line of Credit (HELOC) application process while providing exceptional member service throughout the lending experience. The ELO will develop and maintain relationships with assigned branch locations, members, and Credit Union staff to identify lending opportunities, generate referrals, and originate equity loan products.

This position will assess member needs, explain available loan options, collect and review required documentation, communicate loan status and underwriting decisions, and ensure all activities are completed in accordance with Credit Union policies, regulatory requirements, and established management service level standards. The ELO is expected to achieve established monthly production goals, actively participate in Credit Union sales and community events, and promote Credit Union products and services while maintaining a high level of professionalism, accuracy, and compliance.

Duties & Responsibilities

• Respond to member inquiries regarding Equity Loans, Home Equity Lines of Credit (HELOCs), and other consumer real estate lending products, explaining available loan options, eligibility requirements, rates, terms, and the application process.
• Respond promptly to all member referrals and new loan applications by making timely follow-up calls in accordance with established service level standards and management turnaround time requirements.
• Report to assigned branch locations on a regular basis as directed by management to maintain a visible presence, engage with members and branch staff, cultivate referral relationships, identify lending opportunities, and originate Equity Loans and Home Equity Lines of Credit while providing exceptional member service.
• Refer first mortgage purchase and refinance opportunities to a Mortgage Loan Officer in accordance with departmental procedures while maintaining a positive member experience.
• Communicate with members throughout the loan process to provide an overview of the lending process, collect necessary information, provide timely status updates, and communicate underwriting decisions while adhering to established management service level standards for member calls, follow-up, and turnaround times.
• Communicate underwriting decisions, loan denials, counteroffers, and available lending alternatives to members in accordance with Credit Union policies and applicable regulatory requirements. Refer members to financial counseling resources, including GreenPath, when appropriate.
• Report to assigned branch locations on a regular basis as directed by management to maintain a visible presence, engage with members and branch staff, cultivate referral relationships, identify lending opportunities, and originate Equity Loans and Home Equity Lines of Credit while providing exceptional member service.
• Maintain working knowledge of equity pricing and guidelines as well as related software applications.
• Meet or exceed established monthly loan production goals and performance expectations while delivering exceptional member service and maintaining compliance with all applicable lending policies and regulatory requirements.
• Conduct loan closings with members on Equity Loans and Equity Lines of Credit.
• Participate in Credit Union-sponsored events, branch promotions, community outreach activities, and other business development initiatives to promote the Credit Union's lending products and services, generate referral opportunities, and strengthen member relationships.
• Ensure compliance with all applicable federal and state lending regulations, including but not limited to TRID (when applicable), ECOA, Fair Lending, HMDA (if applicable), Flood Insurance regulations, SAFE Act, and Credit Union policies.
• Maintain personal information up-to-date in the NMLS registry within 30 days of a change.
• Performs other duties as assigned by management.

Requirements

• Associate's degree or equivalent combination
• 2-4 years of Equity lending experience

Skills

• Strong organizational skills with the ability to manage multiple priorities, meet established deadlines, and adhere to management service level and turnaround time requirements.
• Excellent verbal and written communication skills with the ability to effectively communicate loan requirements, lending options, underwriting decisions, and processes to members and Credit Union staff.
• Strong problem-solving and troubleshooting skills with the ability to identify issues, provide solutions, and escalate matters appropriately.
• Customer service-oriented with strong relationship-building skills and the ability to deliver an exceptional member experience.
• Demonstrated sales skills with the ability to identify lending opportunities, develop referrals, promote Credit Union products and services, and achieve established monthly production goals.
• Ability to establish and maintain effective working relationships with branch staff, members, and internal departments.
• Understanding of local, state, and federal lending regulations, including applicable mortgage and equity lending requirements.
• Ability to understand and apply lending policies, procedures, underwriting guidelines, and product requirements.
• Detail-oriented with the ability to accurately review loan documentation and ensure completeness and compliance.
• Ability to learn and effectively utilize loan origination systems, document management systems, and other lending technology platforms.
• Proficiency with Microsoft Office applications and general computer systems.

BSA Statement: Every employee is required to comply with all Bank Secrecy Act (BSA) policies and procedures, and to attend required BSA-related training as assigned.

Benefits

• Paid Holiday
• Paid Birthday
• Paid Sick and Personal Days
• Paid Vacation
• Retirement/401K with matching contributions
• Medical, Dental and Vision Insurance
• Life Insurance and Long Term Disability
• Tuition reimbursement for Undergraduate and Graduate courses
• Various Incentive Programs
• Career opportunities

About Us

As a financial institution, EdFed has been dedicated to providing our members, the South Florida educational community, with quality financial services since 1935. As an employer, we strive to provide staff with challenging career opportunities, great benefits, and a friendly work environment. Confidentiality is of the utmost importance in this position.

Company Description

As a financial institution, EdFed has been dedicated to providing our members, the South Florida educational community, with quality financial services since 1935. As an employer, we strive to provide staff with challenging career opportunities, great benefits, and a friendly work environment. Confidentiality is of the utmost importance in this position.