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Consumer Loan Processor

Job in Lexington, Middlesex County, Massachusetts, 02173, USA
Listing for: MIT Federal Credit Union
Full Time position
Listed on 2026-06-28
Job specializations:
  • Finance & Banking
    Loan Officer / Lending, Banking Operations, Financial Services, Banking & Finance
Salary/Wage Range or Industry Benchmark: 45000 - 60000 USD Yearly USD 45000.00 60000.00 YEAR
Job Description & How to Apply Below

Position Summary

Reporting to the Consumer Lending Manager, the Consumer Loan Processor is responsible for the accurate and timely processing of consumer loan applications from submission through funding, ensuring each loan meets credit union policy, investor and program guidelines, and applicable regulatory requirements. This role serves as a key support function within the Consumer Lending Department, partnering with underwriters, loan officers, contact center and branch staff, members, and dealer partners to move applications efficiently through the pipeline while maintaining a high standard of accuracy, compliance, and member service.

Job Requirements

Required:

High school diploma or equivalent. One (1) or more years of consumer loan processing, lending support, or related financial services experience. Experience in a credit union or community financial institution preferred. Familiarity with nCino or a comparable loan origination system, and with indirect lending platforms such as Origence (CUDL), preferred. Familiarity with Fiserv DNA core banking system preferred. Working knowledge of consumer lending regulations (Reg Z, Reg B, FCRA, MLA) preferred.

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