Sunward · 2 months ago
Consumer Loan Officer 1
Edgewood,NM,US
Full-time
Onsite
Entry Level
1+ years expSunward is a company focused on consumer lending, and they are seeking a Consumer Loan Officer 1 to advise and evaluate members’ lending needs. The role involves managing the loan process, ensuring compliance with regulations, and providing excellent customer service to members.
BankingFinancial ServicesNon Profit
Responsibilities
Evaluate loan applications and documentation by confirming creditworthiness
Improve loan applications and documentation by informing the applicant of additional requirements
Complete loan contracts by explaining provisions to the applicant; obtaining signatures and notarizations; collecting fees
Help members by answering questions, responding to requests
Maintain confidence by keeping loan information confidential
Ensure compliance with all regulatory requirements and internal policies
Manage the loan process from application to disbursement and beyond, including regular follow-up with members to assess their financial status
Educate and advise members on such matters as appropriate financial planning, policies, and rates
Provide comprehensive memo notes for the underwriter's review that contain relevant information to assist in loan decision-making
Perform other duties as assigned by management
Input information into the consumer loan operating system
Manage the loan process from application to disbursement and beyond, including regular follow-up with members to assess their financial status
Evaluate credit worthiness and utilize credit reports to verify accuracy of the loan application
Verify and inspect collateral offered
Calculate loan payments, determine loan to value (LTV) and ascertain loan payoffs to other financial institutions
Qualification
Required
Excellent interpersonal and negotiation skills
Excellent organizational skills and attention to detail
Strong proficiency with Microsoft Office applications
Familiar and comfortable with information technology, particularly digital means of communication
Strong organizational skills in managing multiple initiatives
Strong analytical and problem-solving skills
Proficiency in assessing creditworthiness and understanding credit scoring systems
Proven ability to meet and exceed sales targets
Basic knowledge of consumer loan products, regulations, and market trends
Basic knowledge of compliance with federal and state lending regulations (e.g., Equal Credit Opportunity Act, Fair Lending, Truth in Lending Act)
Minimum one year' experience in financial institutions or related experience
Minimum high school diploma/GED or more than one year of related experience
Prolonged periods of sitting at a desk and working on a computer
Must be able to lift 5 pounds at times
Preferred
Bilingual abilities may be preferred, depending on the market served
Company
Sunward
Sunward, formerly known as Sandia Laboratory Federal Credit Union (SLFCU), is one of New Mexico’s largest credit unions, serving 170,000+ members and managing more than $4.1 billion in assets.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Zachary Hill
Interim CTO
Chris Linford, SPHR
Chief People Officer
Recent News
2025-05-08
Sandia Laboratory Federal Credit Union
2025-04-10
GlobeNewswire
2024-12-29
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