Consumer Loan Processer

HLEFCU; Honolulu, Northern (HI, KY); Hybrid; USD 52,000 - 60,000; Full time

Job summary

The Consumer Loan Processor at HLEFCU plays a crucial role in the Credit Union's Loan Department. They prepare and organize loan applications for loan officers by verifying applicant information, gathering financial documents, ensuring compliance, and coordinating with members to get files ready for underwriting and closing.

They manage loan pipelines, handle data entry, resolve discrepancies, maintain communications, and oversee multiple loan files from application to funding, conducting loan

Responsibilities

• Application Processing: Inputting data, reviewing applications for accuracy and completeness, and preparing loan packages.
• Verifying Information: Analyzing credit reports, income statements, and financial records to assess borrower eligibility and risk.
• Ensuring Compliance: Adhering to federal, state, and local lending regulations and company policies.
• Collaborating with Stakeholders: Acting as a liaison with loan officers, borrowers, and third-party vendors.
• Preparing Documentation: Gathering and organizing all necessary loan disclosures and closing documents for timely submission.
• Providing Customer Service: Maintaining communication with borrowers, loan officers, loan servicing, providing updates, and addressing inquiries.
• Managing Loan Pipeline: Overseeing multiple loan files from application to funding.
• Conducting Loan File Reviews: Ensuring accuracy and completeness of loan documents.

Job description

Since we are looking for skilled workers, our Hiring Bonus is commensurate. After successfully attaining the first six months of employment, an $800 bonus will be awarded to the employee. Upon successfully attaining one year of employment, a $1,000 bonus will be awarded to the employee. (Note: Restrictions do apply; please ask for further details.)

The Consumer Loan Processor plays a crucial role in the Credit Union's Loan Department. The Consumer Loan Processor prepares and organizes loan applications for the loan officers by verifying applicant information, gathering financial documents (income, credit reports, etc.), ensuring compliance, and coordinating with loan officers and members to get files ready for underwriting and closing. The Consumer Loan Processor manages the loan pipelines, handles data entry, resolves discrepancies, maintains communications, focusing on accuracy, timelines, and adherence to credit union regulations. Their responsibilities include:

• Application Processing: Inputting data, reviewing applications for accuracy and completeness, and preparing loan packages.

• Verifying Information: Analyzing credit reports, income statements, and financial records to assess borrower eligibility and risk.

• Ensuring Compliance: Adhering to federal, state, and local lending regulations and company policies.

• Collaborating with Stakeholders: Acting as a liaison with loan officers, borrowers, and third-party vendors.

• Preparing Documentation: Gathering and organizing all necessary loan disclosures and closing documents for timely submission.

• Providing Customer Service: Maintaining communication with borrowers, loan officers, loan servicing, providing updates, and addressing inquiries.

• Managing Loan Pipeline: Overseeing multiple loan files from application to funding.

• Conducting Loan File Reviews: Ensuring accuracy and completeness of loan documents.