Consumer Loan Processor

About the position

This position is responsible for interviewing consumer and mortgage loan applicants, and originating and processing consumer and mortgage loan applications.

Responsibilities

• Understands and follows all Bank Secrecy Act regulations.
• Registers for NMLS and completes required training.
• Gathers background information on loan applicants by interviewing loan applicants at the branch locations or by phone.
• Pulls credit reports for all accounts, verifies debts, estimates monthly payments for any outstanding debts not listed, and adds them to debts on application.
• Coordinates closings with attorneys, title companies and branches for consumer loans.
• Inputs approved mortgage and consumer loans onto the data processing system and funds the loan closings.
• Quality control of appraisals, title updates, plot plans and surveys for mortgages.
• Prepares closing documents as necessary.
• Reviews returned closing packages for accuracy and compliance.
• Follows-up on pending documentation to ensure the completion of the file.
• Answers member phone inquiries for mortgage or consumer loan information or maintenance.
• Booking and funding of loans.
• Submits loans to Freddie Mac using loan prospector software.
• Coordinates subordination requests for approval by the Vice President of Lending.
• Collects, audits and submits HMDA information quarterly and annually.
• Handles loan servicing including escrow and PMI disclosures and analysis.
• Makes calls/cross sells additional loan products.
• Supports the consumer loan staff.

Requirements

• HS Diploma or equivalent
• 1 year to 2 years similar or related experience.
• Proficient in MS Office, especially Excel.
• Good organizational skills and able to multitask.
• Strong interpersonal skills.
• Ability to comprehend simple instructions, short correspondence and memos.
• Able to apply common sense understanding to carry out detailed written or oral instructions.
• Ability to research, collect, and analyze data.
• Creative at problem solving and developing alternative solutions.
• Accuracy and attention to detail.
• Strong verbal communication skills.
• Able to present information in one-on-one and small group situations.
• Good basic math skills.

Benefits

• Medical
• Dental
• Rx
• Vision
• Life Insurance
• Retirement Plans
• Vacation
• Sick and Personal