Consumer Loan Processor

Job Summary

This role plays a pivotal part in assisting consumer loan officers with the processing of loan requests with a focus on direct loan applications.

Full-time

• Process vehicle loans initiated from the lending operating system.
• Verify loan files for accuracy, completeness and to ensure compliance with all federal and state requirements, including but not limited to interest rate, collateral value, payment calculation, payment schedule.
• Input loan data into loan operating system.
• Analyze supporting documentation, utilize credit reports to verify accuracy of loan application, and forward non-automated response loans to Underwriting for approval.
• Verify and inspect collateral offered.
• Calculate loan payments, determine loan-to-value (LTV) and make loan changes to secure a clear lien position.
• Conduct callbacks to members.
• Perform other duties as assigned by management.

• Act as primary contact for member post-funding to verify loan status, work with vendors on completion of funding and MVD process.
• Book and fund loans.
• Process and review loan applications through the MVD process.
• Collect necessary documents required for vehicle title transfer.
• Run MVR to determine the status of the vehicle title.
• Send completed MVD package to Loan Services.
• Document and file loan applications to secure the Credit Union’s collateral.

• Excellent interpersonal 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 analytical and problem-solving skills.

• 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's 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.

$21 to $26.25 (Depending on Experience)