Full-Time
Bilingual Consumer Loan Sales Specialist
Posted on 11/20/2024
OneMain Financial
5,001-10,000 employees
Provides personal loans for consumers
Entry
Miami, FL, USA
Position requires on-site presence in Miami, FL.
- HS Diploma/GED
- Deliver results related to individual and branch sales goals as well as customer expectations
- Develop new relationships – and maintain existing relationships - working with customers throughout the loan process and loan life cycle
- Present financial solutions, based on customer needs, that meet their goals
- Present customers with optional insurance products
- Educate customers on the terms and conditions of their loan to ensure a clear understanding
- Learn how to utilize credit underwriting techniques and sales tools
- Manage the life cycle of the loan, including collections activities, complying with all laws and regulations
OneMain Financial provides personal loans to individuals, particularly those who may not qualify for traditional banking services due to lower credit scores or financial challenges. The company offers both secured loans, which require collateral like a car or home, and unsecured loans that do not. This variety allows OneMain to meet diverse financial needs, such as debt consolidation and home improvements. Revenue is generated through interest and fees on loans, and the company also utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities, ensuring a steady flow of capital for further lending. OneMain distinguishes itself from competitors by focusing on customer-centric solutions, offering personalized financial support through its extensive branch network and online resources. The goal of OneMain Financial is to provide accessible financial solutions to clients across the U.S.
Company Stage
IPO
Total Funding
N/A
Headquarters
Baltimore, Maryland
Founded
N/A
6 month growth
↑ 4%1 year growth
↑ 0%2 year growth
↑ 4%
Simplify's Take
What believers are saying
- OneMain's acquisition of Foursight Capital expands its reach into the auto lending market, diversifying its portfolio and growth opportunities.
- The company's Build: Credit Fundamentals education program demonstrates a commitment to financial literacy, potentially fostering long-term customer loyalty.
- Significant investments from firms like Adage Capital Partners and Benjamin F. Edwards & Company indicate strong market confidence in OneMain's business model and growth prospects.
What critics are saying
- Facing a class action lawsuit over alleged Military Lending Act violations could damage OneMain's reputation and financial standing.
- The competitive consumer lending market requires continuous innovation and adaptation to maintain market share.
What makes OneMain Financial unique
- OneMain Financial specializes in serving nonprime consumers who often lack access to traditional banking services, setting it apart from many competitors.
- The company's securitization platform, Springleaf Funding Trust, provides a unique method of capital generation through bundling and selling loans as securities.
- OneMain's extensive branch network across 44 states enhances its customer-centric approach, offering personalized financial solutions both online and offline.
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