(FT) Consumer Loan Processor - ALLEGIANCE CREDIT UNION

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Consumer Loan Processor

Full-Time 

Role:

Responsible for assisting and supporting the consumer loans sales team in the origination of consumer and indirect loans. Support Consumer Lending Department by processing loans, from post-approval to post-funding, adhering to the credit union's lending policies and procedures. Organization, attention to detail, and an ability to meet deadlines in a fast-paced environment are crucial for success in this position. Attendance is an essential function of performing the duties of this job.

Essential Functions & Responsibilities:

25% - Identifies missing, incomplete, or invalid information on assigned loan applications in our LOS and works with Consumer Loan Officers, Dealers, and/or applicants to correct the issues. Prepares consumer loan documents for closing. Funds loans after receiving a signed loan agreement. If applicable, prepares new account documents and opens new account at the time of funding.

20% - Quality control directs consumer loan files for completeness, accuracy, and compliance standards. Prepares completed loan files for audit and scans completed loan packets into document storage system as requested.

15% - Processes title work by placing liens, releasing liens, and obtaining third-party lien releases if applicable.

15% - Makes and receives calls for members, dealers, and internal staff for various lending support items and performs maintenance on loans as requested and required. Processes daily, weekly, and monthly reports.

10% - Completes follow-up items as needed post-approval. Communicates directly with the borrower or third parties to collect documents, such as: income verification, identification documents, loan payoff quotes, copies of titles, and vehicle POAs. Provides borrowers with pre-approval letters.

5% - File claims for ancillary products such as GAP, warranty, payment protection, and collateral protection insurance. Process letter of guarantees for third-party insurance companies on total losses.

5% - Pay sight drafts and follow up with dealers on outstanding drafts.

5% - Performs other job related duties as assigned.