Loan Officer

LAFCU; Lansing (MI); On-site; USD 28,000 - 40,000; Full time

Benefits offered by this job

401k

Tuition assistance

Work-life balance

Job summary

LAFCU is seeking an experienced Loan Officer to evaluate consumer and real estate loan applications, make lending decisions within guidelines, and guide members through the loan process. You’ll review financials, credit, and property evaluations to ensure accurate lending and compliance.

Responsibilities include approving/denying loans, explaining options, identifying LAFCU products, and preparing loan docs.

Qualifications

• High school diploma or GED required.
• 5 years of experience in consumer lending, including secured and unsecured loans.
• 2 years of real estate lending experience; combo eligible.
• Knowledge of lending compliance requirements (Reg B, Reg Z, HMDA, RESPA, Fair Lending).
• Strong communication, problem-solving and math skills; proficient with computers and word processing software.

Responsibilities

• Review and evaluate consumer and real estate loan applications with applicants’ financial info, credit history, and property evaluations.
• Approve or deny loans within authority and LAFCU policies; set credit limits for LOCs and credit cards.
• Explain loan options, answer questions, and provide financial guidance to members.
• Identify and recommend LAFCU products and services meeting members’ needs.
• Prepare, review, and audit loan documents; issue and disburse loans as needed.
• Process loan extensions, payoffs, lien terminations, and collateral releases.
• Support development and implementation of loan programs; maintain loan records and reports.
• Meet individual and department goals while maintaining compliant lending practices.

Skills

Lending knowledge

Customer service

Communication

Problem solving

Math skills

Consumer lending experience

Real estate lending

Education

High school diploma or GED

Tools

Computers

Word processing

Job description

• Location 106 N MARKETPLACE BLVD,Lansing, MI, 48917,United States
• Base Pay $24.66 / Hour
• Employee Type NonExempt

Contact information

• Name Candace Williams
• Email [e-mail]

Description

LAFCU is seeking an experienced, member-focused Loan Officer to help members find lending solutions that support their financial goals. In this role, you’ll evaluate consumer and real estate loan applications, make lending decisions within established guidelines, and guide members through the loan process. If you bring strong lending knowledge, sound judgment, and a commitment to exceptional member service, we’d love to hear from you!

What You’ll Do

Review and evaluate consumer and real estate loan applications, including applicants’ financial information, credit history, and property evaluations.

Approve or deny loans within established lending authority and LAFCU policies, and establish credit limits for lines of credit and credit cards.

Explain loan options, answer questions, and provide financial guidance to help members make informed decisions.

Identify and recommend LAFCU products and services that meet members’ needs.

Prepare, review, and audit loan documents and member information for accuracy; issue and disburse loans as needed.

Process loan extensions, payoffs, lien terminations, and collateral releases.

Support the development and implementation of loan programs, maintain loan records, and prepare reports.

Meet individual and departmental goals while supporting accurate, efficient, and compliant lending practices.

Requirements

A high school diploma or GED.

Five years of experience and/or training in consumer lending, including secured and unsecured loans, applicant interviews, loan documentation, and credit report evaluation.

Two years of real estate lending experience. An equivalent combination of education and experience may be considered.

Knowledge of lending compliance requirements, including Regulation B, Regulation Z, HMDA, RESPA, and Fair Lending, with the ability to complete required training within established timeframes.

Strong communication, problem-solving, and math skills, along with proficiency using computers and word processing software.

Attention to detail, dependable follow-through, and sound judgment.

A positive, professional approach to working with members and teammates.

Summary

WHY LAFCU?

LAFCU is a credit union that’s been serving our community for 90 years. We have expanded to provide financial services to people and businesses across the entire state of Michigan. We are very involved in serving our community and you’ll see LAFCU rolling up their sleeves and giving back.

We are a full service financial institution; providing relevant products and services such as overdraft protection, debit and credit cards, savings and checking accounts, auto loans, mortgage loans and much more.

With a particular focus on serving people of modest means, LAFCU is committed to enhancing its members' financial well-being and creating long-lasting positive change across generations. Awarded the prestigious Dora Maxwell Social Responsibility Community Service Award, LAFCU is known for its people-helping-people mission, which has led to award-winning financial literacy programs for all ages. A three-time honoree as a national 'Best Credit Union to Work For,' named a Best Place to Work for Women, and recognized globally for its diversity, equity, and inclusion initiatives, LAFCU stands out

In addition to our competitive compensation package; including 401k, we have a strong tuition assistance program; and believe strongly in work/life balance.

LAFCU actively promotes diversity, equity, and inclusion in our workplace. We welcome and encourage applicants from all backgrounds to apply, as we believe diverse perspectives contribute to our overall success.