Senior Loan Officer

Job Overview The Minnesota Valley FCU Loan Officer actively develops new business and expands existing member relationships. Loan Officers are responsible for assessing and handling members' banking needs, obtaining and processing member/account information and proactively selling bank deposit and loan products and services with the goal of acquiring 100% of the members' business. While most of the job is performed in the credit union, Loan Officers reach out into the community by placing outbound phone calls to existing and potential members, visiting businesses, conducting educational seminars, and being active in the community. Minnesota Valley Federal Credit Union is a member owned, financial cooperative. Responsibilities Evaluate loan applications by analyzing credit reports, income statements, and financial documents to determine borrower eligibility. Manage the loan origination process ensuring all steps comply with FNMA (Fannie Mae) guidelines and internal policies. Collaborate with mortgage servicing team to ensure seamless processing, tracking loan progress via mortgage software systems. Maintain up-to-date knowledge of industry trends, regulatory changes, and best practices in financial sales, loan origination, and banking regulations. Requirements Proven experience as a Loan Officer or in a similar financial sales role within the mortgage or banking industry. Strong understanding of FNMA guidelines, TILA regulations, Fair Housing laws, and mortgage servicing procedures. Ability to perform credit analysis accurately while adhering to underwriting standards. Familiarity with loan processing steps including documentation review and compliance checks. Strong organizational skills with attention to detail and loan documentation processes.

Pay:

$41,000.00 - $71,000.00 per year

Benefits:

401(k) 8% Match Dental insurance Flexible spending account Health savings account Life insurance Paid time off Tuition reimbursement Vision insurance

Work Location:

In person