Loan Advisor

Sikorsky Financial Credit Union, Inc.; Stratford (CT); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Paid-time off

Medical/dental

401K plan with company match

Tuition reimbursement

Job summary

Sikorsky Credit Union is seeking a Loan Advisor to originate consumer loans and home equity products in alignment with credit union policies. You'll connect with members by phone or online to review options and help them choose suitable programs.

You'll meet production goals, deliver excellent member service, analyze credit reports for opportunities, and promote ancillary products while maintaining regulatory compliance and a positive member experience.

Qualifications

• Minimum 2 years' experience originating or processing consumer loans or residential mortgage loans.
• Familiarity with loan products and processing workflows; ability to quickly learn portfolio loan products.
• Must successfully complete registration with the Nationwide Mortgage Licensing System and Registry and annually renew.

Responsibilities

• Originate new consumer loan and home equity applications through targeted outreach.
• Meet and exceed individual and team production goals to drive revenue and satisfaction.
• Process loan applications accurately and in compliance with policies and regulations.
• Follow up with borrowers with timely updates for a seamless loan experience.
• Analyze credit reports to identify savings opportunities and present solutions.
• Explain loan terms and statuses from application to closing; promote ancillary products.

Skills

Outstanding communication

Prioritize tasks

Self-motivated and goal driven

Valid driver's license

Education

High school diploma or equivalent

Bachelor’s degree preferred

Tools

Microsoft Office

LOS systems experience

Job description

Why Join the Sikorsky Credit Union Team?

Sikorsky Credit Union has been named the #1 Credit Union in Connecticut for 7 years in a row. We are one of the largest credit unions in the state, with over $1 billion in assets, and we continue to grow!

If you are passionate about helping people achieve their financial goals and want to make a difference in the local community, we want to hear from you! We are looking for talented people to help us improve the banking experience for our valued members.

Working at Sikorsky Credit Union has its benefits. You’ll enjoy an awesome work-life balance, competitive pay, and an excellent benefits package that includes paid-time off, medical/dental, 401K plan with company match, tuition reimbursement and more! Please check out the details below to learn more about this position.

General Summary:

The Loan Advisor originates consumer loans (Auto, Personal, and Credit card) and home equity lending products (Advantage Mortgage, Home Equity Fixed, and HELOC) in accordance with all credit union policies and procedures. This person typically connects with members over the phone or through online channels (email, chat, etc.) to review the Credit Union’s loan program options, loan products and terms, and assisting members in selecting the program aligned with their financial goals.

• Proactively originate new consumer loan (auto, personal, credit cards) and home equity applications (Adv Mortgage, Fixed Home Equity, HELOC) through targeted outreach campaigns.
• Meet and exceed assigned individual and team production goals. Contribute to the Credit Union’s overall revenue growth and member satisfaction.
• Deliver an exceptional member experience through the timely and accurate processing of consumer loan applications, ensuring compliance with policies and regulations.
• Follow up with borrowers on approved loans, providing regular updates to ensure a seamless loan experience.
• Analyze credit reports to identify potential savings opportunities for members, offering solutions that can enhance their financial well-being.
• Handle challenging member interactions with empathy and professionalism, delivering difficult news when necessary while suggesting alternative solutions.
• Communicate loan approvals and denials with professionalism, ensuring a supportive and understanding experience for the member.
• Actively promote the sale of ancillary insurance products, such as payment protection plans, to complement loan products and protect our members.
• Utilize consultative selling techniques to offer tailored financial solutions to members, supporting the credit union’s mission of financial freedom.
• Communicates credit terms (interest rate, loan terms/repayment method, disclosures, costs, etc.) and all loan status to members from application through closing. Ensures that all terms are within credit union policy and in compliance with RESPA, ECOA, and TILA.
• Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management and vendors.
• Keeps abreast of industry developments including but not limited to changes in regulations and technology.
• Ensures adherence to company policies and procedures and Banking/Credit Union Regulations.
• Performs additional duties as required.

Essential Skills, Knowledge and Requirements:

• High school diploma or equivalent. Bachelor’s degree preferred.
• A minimum of 2 years’ experience originating or processing consumer loans or residential mortgage loans.
• Familiarity with loan products and loan processing workflows. Ability to quickly learn the Credit Union’s portfolio loan products.
• Must be able to successfully complete registration process with the Nationwide Mortgage Licensing System and Registry and to also annually renew and maintain registration throughout employment.
• Valid driver’s license with a clean record with reliable transportation.
• Outstanding communication skills with the ability to prioritize tasks to meet deadlines. Must be self-motivated and goal driven.
• Proficiency in Microsoft Office. Knowledge of mortgage/consumer lending LOS systems a plus.

Sikorsky Credit Union is an equal opportunity employer that is proud of its commitment to diversity and inclusion. Therefore, we welcome applicants from all communities, including age, color, ethnicity, familial or marital status, gender identity or expression, language, national origin, physical or mental disability, military or veteran status, race, religion, sexual orientation, and socioeconomic background.