Loan Originator

COCC; Ludlow (MA); On-site; USD 60,000 - 65,000; Full time

Job summary

COCC in Ludlow, MA is seeking an experienced Originator to support consumer and residential lending activities. This role involves working directly with members, evaluating loan opportunities, and building referral partnerships.

You will handle loan applications from interview to decisioning, review documentation, evaluate creditworthiness, and originate mortgage, HELOC, construction and related products. On-site role with salary $60,000-$65,000.

Qualifications

• Three years of related experience and/or training.
• Understanding of legal and regulatory lending requirements and loan documentation.
• Knowledge of consumer and residential lending practices.
• Strong organizational and time management skills.

Responsibilities

• Process consumer loan applications from initial interview through decisioning.
• Gather and review loan documentation and supporting information.
• Evaluate creditworthiness, income, employment, collateral, and debt ratios.
• Approve loans within authority limits; present exceeding requests for approval.
• Originate mortgage, home equity, HELOC, construction, bridge and related lending products.
• Develop and maintain referral relationships with realtors, builders, developers, and members.
• Explain loan decisions and lending alternatives to members.
• Coordinate with internal departments and assist lending team members.

Skills

Regulatory lending knowledge

Creditworthiness evaluation

Member service skills

Communication skills

Education

High school diploma

Job description

Our client, an established credit union, is seeking an experienced Originator to support consumer and residential lending activities. This role is ideal for a lending professional who enjoys working directly with members, evaluating loan opportunities, and building strong relationships with referral partners while ensuring compliance with established policies and regulatory requirements.

What's in it for you....

Join an established credit union where you can make a meaningful impact by helping members achieve their financial goals while contributing to the growth of the lending portfolio.

What You'll do...

• Process consumer loan applications from initial interview through decisioning.
• Gather and review loan documentation and supporting information.
• Evaluate creditworthiness, income, employment, collateral, and debt ratios.
• Approve loans within established authority limits.
• Present loan requests that exceed lending authority for approval.
• Originate mortgage, home equity, HELOC, construction, bridge, and related lending products.
• Conduct prequalification interviews and prepare complete loan packages.
• Advise members on mortgage products that align with their needs.
• Develop and maintain referral relationships with realtors, builders, developers, and members.
• Support business development efforts and seek opportunities to increase loan volume.
• Explain loan decisions, policies, rates, and lending alternatives to members.
• Ensure lending activity complies with credit union policies and regulatory requirements.
• Cross sell credit union services and lending related products.
• Coordinate with internal departments and assist lending team members as needed.

What You'll bring...

• High school diploma.
• Three years of related experience and/or training.
• Understanding of legal and regulatory lending requirements and loan documentation.
• Knowledge of consumer and residential lending practices.
• Understanding of creditworthiness evaluation principles.
• Knowledge of credit union lending products, policies, procedures, processing, and underwriting guidelines.
• Familiarity with title reports, insurance, and appraisals.
• Strong organizational, communication, time management, and member service skills.

This is an on-site role in Ludlow, MA. The salary range of this role is $60,000 - $65,000 depending on experience.