Consumer Loan Processor
Summary
Process consumer loan applications, verify documentation, and coordinate with underwriting teams to approve or deny loans.
POSITION: CONSUMER LOAN PROCESSOR
CLASSIFICATION: HOURLY / NON-EXEMPT
REPORTS TO: VP, LENDING
DIRECT REPORTS: NONE – INDIVIDUAL CONTRIBUTOR
COMPENSATION: $25.00 - $30.00 DOE
PRIMARY OBJECTIVE
The Consumer Loan Processor is responsible for preparing and processing loan applications, ensuring compliance with credit union policies, procedures, and regulatory requirements, and providing excellent member service.
PRINCIPAL DUTIES AND RESPONSIBILITES, INCLUDE BUT ARE NOT LIMITED TO:
- Application Processing: Review loan applications for completeness and accuracy, verify applicant information, and gather required documentation.
- Documentation: Prepare loan documents, ensuring accuracy and compliance with regulations.
- Communication: Communicate with members, loan officers, and other relevant parties to gather information and provide updates on loan status.
- Compliance: Ensure all loan processing activities adhere to credit union policies, lending guidelines, and relevant regulations.
- Data Entry & Record Keeping: Accurately input loan data into the credit union's systems, maintain organized loan files, and ensure proper documentation.
- Funding & Disbursement: Prepare loan packages for funding and coordinate loan disbursement,
- Customer Service: Provide excellent customer service to members throughout the loan process.
- Other duties and responsibilities as assigned by the Credit Union.