Consumer Loans - Consumer Loan Processor I - #495441

Metro Credit Union


Date: 10/14/2021 15:31 PM

City: Chelsea, Massachusetts

Contract type: Full Time

Work schedule: Full Day

Consumer Loans - Loan Funding Specialist - Consumer Loan Specific


  • Review new loan documents for accuracy on a variety of Consumer, Mortgage and Commercial products, prepare required paperwork ensuring correct loan terms and parameters prior to boarding loans to core system, verify all member information, ensure documents are in compliance with government regulations and Credit Union policies
  • Notify parties involved of any discrepancies, follow up until issues are resolved. Provides support to front line staff in regards to loans documents and closing/funding procedures
  • Verify membership eligibility prior to setting up member accounts, opening a new checking/savings accounts on host system, process member applications, ID cards, perform OFAC and Chexsystems member review, order checks for checking accounts and lines of credit.
  • Accurately collects and posts fees, escrow, etc. associated with a particular product to general ledgers. Process ACH file, wires or other forms of loan disbursement/loan proceeds to dealers, attorneys, members, etc. Performs required loan maintenance post closing.
  • Provide support to Indirect and Commercial Sales staff, front line Retail, and originations staff regarding funding requirements and procedures.
  • Respond promptly to all inquiries regarding loan set ups, requests for research on pending or funded loans, adjustments, update contact information. Process follow up letters and loan dcouments to inquiries. Prepare and mail correspondence to new and existing members.

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10%



3. PROBLEM SOLVING & DECISION MAKING: (Describe the impact the job has in terms of decisions made, freedom to make decisions, direction received, etc.)



Ability to make sound judgment decisions regarding proper loan documentation and must be able to identify and resolve inconsistencies and accuracy issues



4. REQUIREMENTS: (Describe the typical minimum requirements to perform the job.)




  • Education and Experience(Indicate the minimum formal education and experience the job requires. Note: The majority of jobs do not require a college degree as a minimum requirement.)

✓High school diploma or equivalent with previous consumer, mortgage and/or commercial lending processing experienced required




  • Skills/Knowledge/Certifications(Include licenses, NMLS certification, registrations or special skills, such as typing, programming languages, etc., required to perform the job.)

✓Ability to learn and understand lending regulations

✓General knowledge of computer software; data input skills.

✓Experience with Windows based applications

✓Able to perform work with accuracy and attention to detail

✓Able to present information in a clear and easily understood manner

✓Able to work in a fast-paced environment

✓Uses common courtesy and professionalism




  • Working Conditions(If applicable, please note any unusual office working conditions or non-routine schedules.)

✓General office environment



5.ORGANIZATIONAL CHART: (Please attach a copy of the incumbent’s department to indicate their reporting structure including names and business titles (e.g. peers, direct manager, manager of the group, etc.)

Organizational chart on file



6.COMPETENCY PROFILE: (Please select an additional 3 to 4 job specific competencies for this position;the Core Competencies for the Credit Union are highlighted below and appy to all positions.)

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