Consumer Loan Processor

Consumer Loan Processor

Full Time Clerical Hauppauge, NY, US

3 days ago Requisition

Salary Range: $23.00 To $27.00 Hourly

Responsible for the processing of all Consumer, Indirect, Home Equity Line of Credits and Home Equity Loans while ensuring adherence to all Credit Union policies, procedures and regulatory guidelines.

• Processing and document preparation of Home Equity Line of Credits, Fixed Rate Home Loans, Consumer Loans and Indirect Auto Loans.
• Efficiently utilize systems such as Decision
  
  Lender4, and other relevant software to support underwriting operations.
• Validate accuracy of Debt-to-Income (DTI) and Loan-to-Value (LTV) ratios, ensuring compliance with all applicable policies and procedures.
• Verify that all approved or denied loan applications include the required signatures.
• Ensure strict adherence to Credit Union policies, internal procedures, and all relevant regulatory guidelines.
• Monitor loan files and borrower information for inconsistencies or red flags, actively identifying, reporting, and mitigating potential fraud in accordance with regulatory and internal guidelines.
• Monitor and meet all Departmental performance reporting and service goals.
• Interact with all necessary third-party vendors, Members, and Team Members.
• Provide data and reporting required to meet HMDA reporting requirements.
• Propose Lending Policy and procedural changes to the Team Lead and Centralized Lending Manager as required to enhance operational efficiencies and productivity or to meet regulatory or compliance mandates.
• Cross-sell credit union products and services, including deposit accounts loan products, to meet Members’ financial needs and enhance their overall financial well-being.
• Work at various branch locations as required.
• Other duties as assigned.

• Associate degree preferred or a combination of education and experience.
• 3-5 years working in a financial institution, preferably in a Credit Union setting.

• Knowledge of consumer and real estate underwriting practices
• Knowledge of Island’s products and services
• Excellent written and oral communication skills
• Excellent organizational skills
• Ability to prioritize, pay close attention to detail, and coordinate various activities simultaneously.
• Ability to communicate with co-workers, management, and business contacts in a courteous and professional manner.