Consumer Loan Processor

Minnesota League of Credit Unions; Rochester (MN); Sur place; USD 30 000 - 32 000; Plein temps

Avantages offerts par ce poste

Affordable Medical Plans

Six Paid Holidays and Generous PTO

Employer-Paid Life and AD&D Insurance

Employer-Paid Short and Long-Term Dis�

Résumé du poste

Mayo Employees Federal Credit Union (MEFCU) is seeking a detail-oriented Consumer Loan Processor to join the Consumer Lending team in Rochester, MN. This role involves assembling and verifying loan documentation, inputting data into the system, and preparing loan papers for member signatures.

A high school diploma and at least one year in a financial setting are required. The position is full-time with a standard 8 AM–5 PM schedule, occasional Saturday hours every 5–6 weeks, and a starting wage

Qualifications

• High school diploma or equivalent required.
• Experience in a financial institution preferred (1 year).
• Strong attention to detail and collaborative approach are essential.

Responsabilités

• Process and verify consumer loan documentation for accuracy.
• Input data into loan software and prepare loan papers for member signatures.
• Maintain loan files and monthly production records; assist with account maintenance as needed.
• Support Credit Committee and Board with timely reports and notices.

Connaissances

Attention to detail

Customer service

Team collaboration

Formation

High school diploma or equivalent

1 year financial institution experience

Description du poste

Mayo Employees Federal Credit Union (MEFCU) is looking for someone with a knack for fine details, a collaborative approach, and a passion for providing top-notch service to join our team as a Consumer Loan Processor!

Department: Consumer Lending

Days of Work: Monday - Friday 8 AM - 5 PM; occasional Saturday morning hours (approx. every 5-6 weeks)

Starting salary range: $22-$23 per hour based on experience

Location: Rochester, MN

FLSA Status: Nonexempt

Schedule: Full time

Hours/Pay Period: 80

Remote Worker: No

A Consumer Loan Processor assembles and verifies the accuracy of credit union documentation for various types of consumer loans. They check loan documents for completeness, input data into the appropriate software system and prepare consumer loan papers and disbursements for member signature.

Duties and Responsibilities

Processes consumer loans and ensures accuracy and completeness:

• Accurately and efficiently processes all supporting documentation for approved and/or unapproved loans.
• Ensures that each loan is processed accurately by ensuring loans are properly documented, closed, disbursed, and filed.
• Completes documentation to secure the credit union's interest in loan collateral.
• Reviews all disbursed loan files by checking for necessary paperwork, signatures, notices, and computer information such as interest rates, loan type, collateral, payment, etc.
• Disburses checks, drafts, and vouchers on approved loans.
• Analyzes individual title problems and suggests solutions.
• Verifies insurance on property taken as collateral on loan files.
• Maintains loan files by filing loan folders and supporting documents.
• Purges loan files by destroying out of date or unnecessary loan documents.
• Maintains monthly production records of loans funded by loan officer and type of account.
• Compiles reports and notices for Credit Committee and Board of Director meetings.

Assists members with account maintenance needs:

• Assists members with the servicing of existing account relationships.
• Enters data on members and transactions to ensure accurate record keeping of all individual member account activity.

Requirements

Education and Experience Requirements

A high school diploma or equivalent AND one year of experience working in a financial institution.

All employees must be bondable by MEFCU’s insurance policy. Continued employment is subject to maintaining favorable bondable status per insurance standards.

Knowledge, Skills, and Abilities

Employees in this position are expected to possess and demonstrate the following knowledge, skills, and abilities throughout their employment:

Knowledge of: credit union philosophy and operations procedures, rules and regulations governing Consumer Credit

Skill in: keeping current on economic environment factors that may impact lending, interpersonal communication, organization, time management

Ability to: handle multiple tasks simultaneously and accurately, prioritize, work independently and as part of a team

Physical and Environmental Criteria

This physical effort required to perform this position is best described as: Sedentary. Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time. The majority of this position involves computer work, which requires fine dexterity in the continuous movement of the wrist and fingers.

Sensory requirements necessary in the performance of the essential functions of this position include: sight, hearing, touch.

Environmental conditions that may exist in the performance of the essential functions of this job include: None.

Why Mayo Employees Federal Credit Union?

Our mission of caring for our members drives what we do every single day. Join our team and build your career in an environment where your work is valued, and you can make a difference in the lives of our members.

The Mayo Employees Federal Credit Union offers fantastic benefits, including:

• Affordable Medical Plans
• Six Paid Holidays and Generous Accrued Paid Time Off Plan
• Employer-Paid Life and AD&D Insurance (additional voluntary coverageis available for employee purchase too!)
• Employer-Paid Short and Long-Term Disability Insurance
• Employer-Paid Health Reimbursement Account or Health Savings Accountcontribution
• 401k Plan with Generous Employer Match
• Tuition Assistance
• Flexible Spending Accounts
• Employer-Paid Identity Theft Insurance
• Employee Assistance Program
• Voluntary Accident and Critical Illness Insurance