Megan Smith
Business Lending Specialist
Texarkana,AR
Summary
Dedicated financial professional with history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Overview
10
10
years of professional experience
5
5
years of post-secondary education
Work History
Business Lending Specialist
Texar Federal Credit Union
Texarkana , TX
02.2022 - Current
- Assist members in application process
- Order and review all appraisals for business loan, complete annual reviews, and obtain tax returns and personal financial reports to preform credit analysis and risk rating on all loan requests
- Explain reasons for business loan denials
- Conduct quality control on all disbursed loans
- Build, develop, and grow business relationships vital to organization
- Analyze lending policies, procedures, and guidelines, and recommend change
- Respond to audit and exam finding and recommendations
- Communicate with credit unions legal counsel regarding legal issues
- Meet often with president and vice president to discuss special loan request or procedures
- Preform file/system clean up on member’s account
- Complete required annual training and adhere to all credit union policies and procedures, including but not limited to BSA, MIP, OFAC, Privacy and Electronic Use.
- Obtained copies of applicants' credit histories and reviewed paperwork to determine feasibility of granting loans.
- Monitored pipelines to track and log status of loans.
- Compiled closing packages for drafting and presentation accuracy.
- Established plans and payoffs for customers' loans, prioritizing control of overall costs.
- Explained very technical financial information to applicants in easy to understand language.
- Led projects and analyzed data to identify opportunities for improvement.
Consumer Loan Officer
Red River Federal Credit Union
Texarkana , TX
05.2014 - 02.2019
- Complete required annual training and adhere to all credit union policies and procedures, including but not limited to BSA, MIP, OFAC, Privacy and Electronic Use
- Originated, reviewed, processed, closed and administered customer loan proposals.
- Examined customer loan applications for loan approvals and denials.
- Reviewed and edited loan agreements to enhance clarity and monitor compliance with requirements.
- Maintained strict confidentiality of bank records and client information.
- Conducted UCC searches and created environmental reports as part of loan process.
- Closely monitored performance of current portfolio of specialty loans and made changes to achieve performance targets.
- Compiled database of loan applicants' credit histories, financial statements and other financial information.
- Proactively identified solutions for customers experiencing credit issues.
- Obtained copies of applicants' credit histories and reviewed paperwork to determine feasibility of granting loans.
- Created strategies to develop and expand existing customer sales, resulting in increase in annual sales.
Consumer Loan Processor
Mil-way Federal Credit Union
Texarkana, TX
06.2009 - 05.2014
- Required financial statements and contacted institutions and customers to clarify details.
- Reviewed loan files for completeness, identified missing documentation and generated condition lists for applicants.
- Worked with customers in person and via telephone to answer questions, process transactions and resolve issues.
- Provided quick turnaround times to maintain fast-past schedule.
- Collaborated with stakeholders about extension, guarantees and charges.
- Prepared documents for underwriting by verifying client income, credit reports and other information.
- Checked packages for appropriate documentation.
- Set up, stored and updated customer files, department records and regulatory paperwork.
- Assessed customer account histories to determine previous compliance with payment plans and loan terms.
- Collected and compiled paperwork such as title abstracts, insurance paperwork, loan files and tax histories.
- Verified credit histories, personal references and employment backgrounds for each applicant.
Education
Associates of business administartion - Business
Texarkana College
Texarkana, TX 09.2014 - 01.2017
Bachelor Of Applied Arts And Science - Finance
Texas A&M University-Texarkana
Texarkana, TX 01.2017 - 08.2019
Skills
Financial analysis aptitude
undefinedTimeline
Business Lending Specialist
Texar Federal Credit Union
02.2022 - Current
Bachelor Of Applied Arts And Science - Finance
Texas A&M University-Texarkana
01.2017 - 08.2019
Associates of business administartion - Business
Texarkana College
09.2014 - 01.2017
Consumer Loan Officer
Red River Federal Credit Union
05.2014 - 02.2019
Consumer Loan Processor
Mil-way Federal Credit Union
06.2009 - 05.2014
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