Full-Time

Consumer Loan Sales Specialist

Confirmed live in the last 24 hours

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Entry, Junior

Tualatin, OR, USA

On-site presence required.

Category
Inside Sales
Sales & Account Management
Requirements
  • HS Diploma/GED
Responsibilities
  • 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
  • Partner with local businesses to seek out and develop new customers
  • 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 customers to address different financial needs, such as debt consolidation or home improvements. OneMain generates revenue through interest and fees on these loans and has a securitization platform called Springleaf Funding Trust, which enables it to bundle and sell loans as securities to investors. This process helps OneMain maintain a steady flow of capital for lending. Additionally, the company offers other financial products, including insurance and credit information, to better serve its customers. OneMain's goal is to provide accessible financial solutions tailored to the needs of its clients, supported by a strong branch network and online resources.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

1912

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital lending boosts OneMain's loan processing efficiency.
  • AI-driven credit scoring models enhance risk assessment and personalized loan offerings.
  • Investor interest in securitized loans provides capital opportunities for OneMain.

What critics are saying

  • Competition from fintechs offering lower rates threatens OneMain's market share.
  • Class action lawsuit over Military Lending Act violations poses legal and reputational risks.
  • Executive share sales may indicate internal concerns about OneMain's future performance.

What makes OneMain Financial unique

  • OneMain specializes in personal loans for clients with lower credit scores.
  • The company offers both secured and unsecured loans, providing flexibility to borrowers.
  • OneMain's Springleaf Funding Trust securitizes loans, ensuring a steady capital stream.

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