Loan Processor - entry level

About the position

Seeking an entry level administrative, clerical professional with 1-2 years of related experience and/or training. Must have high school diploma or general degree (GED).

Responsibilities

• Utilizes lender system to process contracts to obtain necessary documents to complete loan packages for funding
• Review loan packages to verify the application is complete and meets established policy, including type and amount of loan, borrower assets, liabilities, and length of employment.
• Performs final audit before funding and will be responsible for all documentation and accuracy of the file before funding.
• Provides backup support in key areas such as contract and application data entry, scanning, and various other administrative tasks when needed
• Process and audit loan packages sent by dealers for funding
• Verification of employment
• Communicates with dealership staff in a friendly and professional way by phone, email, or fax
• Keeps informed of all promotions and changes within the department.
• Responsible for building and developing relationships with dealers
• Recommends that loans not meeting policy be denied
• Informs manager of discrepancies with contract documentation
• Interacts with Credit Manager and lending staff to resolve discrepancies/issues and treats all staff as internal customers

Requirements

• 1-2 years of related experience and/or training
• High school diploma or general degree (GED)
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume
• Ability to apply common sense and understanding to carry out detailed written and oral instructions
• Ability to solve problems involving several variables in applied application
• Attention to detail and ability to juggle multiple tasks at once
• Computer literate and proficient with the use of the internet, email, Excel spreadsheets, and Microsoft Word
• Strong written and communication skills
• Excellent communication skills (written and verbal) with all internal and external customers