Loan Processor

Affinity Federal Credit Union; Basking Ridge (NJ); Hybrid; USD 50,000 - 55,000; Full time

Job summary

Affinity Federal Credit Union in Basking Ridge, NJ, is seeking an experienced Consumer Loan Processor to fund direct loan applications and coordinate with underwriting. The role is hybrid, with part-time at home and one week per month at the Basking Ridge HQ, requiring commuting to the office location.

Ideal candidates have 1-2 years of related experience, preferably in a financial institution, and will handle document collection, processing, and member communications while supporting

Qualifications

• 1-2 years of related experience preferred.
• Financial institution experience preferred.

Responsibilities

• Process, fund and book consumer loans accurately and timely.
• Collect and upload required documents for loan files.
• Verify and ensure accuracy of all supporting loan documentation.
• Communicate loan decisions and statuses to members.
• Review LOS notes to extract action items for members.
• Ensure applications comply with policies before funding.
• Answer calls and handle member inquiries regarding loans.

Tools

Loan Origination System (LOS)

Job description

Loan Processor

Affinity Federal Credit Union Basking Ridge, New Jersey, United States

About this position

In order to continually provide our members with the highest level of service, we are seeking an experienced, results-oriented and service-focused individual to join our consumer lending team in the role of Consumer Loan Processor.

This will be a hybrid position working partly at home and partly at our corporate headquarters in Basking Ridge, New Jersey. Applicants must be able to commute to Basking Ridge, NJ for 1 week per month.

The Consumer Loan Processor is responsible for funding all direct loan applications. Completes all processing functions including monitoring applications, discussing loan details with members, handling member inquiries and delegating calls. Collaborates with the underwriting team to process and close all loans effectively, efficiently and according to departmental guidelines.

The starting salary range for a new hire in this position is $50k-$55k. The wage/salary offered to a successful candidate will be dependent on several qualifying factors, including but not limited to: years of relevant experience, years of industry experience, education, etc.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Thoroughly and accurately process, finalize and book consumer loans.
• Collecting and uploading documents.
• Ensure validity and accuracy of all supporting documentation required for each loan type.
• Communicates loan decision and status to members.
• Obtains information concerning member’s loan needs by thoroughly reading Loan Origination System (LOS) notes and conditions and relaying all necessary action items to the member.
• Ensures applications are completed in accordance with Affinity’s policies, procedures, and guidelines prior to funding.
• Answer phones and delegate calls as necessary
• Processes and distributes mail
• Manages all processor status queues
• Provide support to underwriters, supervisor and manager on special projects as needed.
• Builds and maintains member relationships
• Contacts members regarding their loan application decision, discusses member’s individual financial needs and cross-sells Affinity’s products and services to satisfy those needs.
• Handles branch and call center related questions concerning members loan applications.
• Maintains knowledge of all marketing promotions, products, services, policies and procedures

EDUCATION and/or EXPERIENCE REQUIREMENTS

• 1-2 years of related experience preferred.
• Financial institution experience preferred.

Affinity strives to maintain balance between our employees’ personal and professional responsibilities. All full-time employees receive a highly competitive and multi-faceted Total Rewards package including competitive pay, target incentive, full medical/dental/prescription coverage, 401(k) plan, profit sharing, and generous paid time off. As an Affinity employee you are eligible for discounts on our products and services, earn paid time off for volunteering, and much more. In addition to these benefits, Affinity provides extensive educational and developmental opportunities as well as access to our formal Tuition Assistance Program.

Affinity Federal Credit Union is an Equal Opportunity Employer.

Affinity FCU is committed to creating an inclusive culture and an employment experience that values diversity. Our culture is built on respect - one that recognizes and values the unique talents of everyone on the team. With a genuine commitment to diversity, we’ve created an environment where employees feel comfortable regardless of race, gender, religion, background, physical ability or sexual orientation.

Explore career opportunities with Affinity and belong to something better.

Please scroll down and read the Applicant Statement in its entirety.

Applicant StatementI promise that all information I have supplied in this application and any other form, oral or written, is true and accurate, and I agree that any misstated, misleading, omitted, or false information will result in rejection of this application form, refusal to hire, withdrawal of an offer of employment, or immediate discharge without recourse, whenever and however discovered.

I understand and agree that Affinity Federal Credit Union, any agent acting on its behalf, as well as any other person responding to a reference request pursuant to this application, can and will seek and/or disclose any and all information about me which said corporation, agent, or person may have. I specifically authorise said disclosure and agree to hold all such corporations, agents, and persons harmless.

I understand and agree to the fact that Affinity Federal Credit Union maintains a drug-free workplace and that I will be required to undergo a drug urine screening check. I understand and agree to the fact that Affinity will also conduct a criminal history backgroundand credit report check. I understand and agree that said pre-employment checks are designed to ascertain my suitability for employment. I specifically authorise said disclosure of this confidential information and agree to hold Affinity Federal Credit Union, its agents, managers, officers, and employees harmless from any and all liability in connection to the pre-employment screening/testing. Additionally, I agree to comply with all request for additional testing of any type and at anytime during my employment at Affinity Federal Credit Union.

I understand that all employment offers are made contingent upon satisfactory proof of legal authorization to work in the United States according to the law. I understand that failure to provide satisfactory proof of identity and authorization to work in the United States will disqualify them from employment.

If hired, I agree to abide with the terms and conditions of all Affinity Federal Credit Union policies and procedures. I understand I will not be employed, or my employment will be terminated, if I am or have been convicted of a criminal offence involving dishonesty, breach of trust or money laundering, or if I admit, plead guilty or nolo contender, or have to such an offence orly.

I understand and agree that my employment will be at will and that I or Affinity Federal Credit Union may terminate this employment relationship at any time, with or without notice, for any or no reason, without recourse by either of us. I also understand that oral representations to the contrary do not change the fact that both the Company and I maintain free to end the work relationship for any or no reason. I further understand that any changes in this employment relationship must be made in writing.

I acknowledge that at anytime during my employment with Affinity Federal Credit Union, the hours and/or days that I am expected to work may be changed to accommodate the needs of the business. In addition, I am also expected to work at various Affinity Federal Credit Union locations.

I acknowledge that I have been advised that Affinity Federal Credit Union is an Equal Opportunity Employer and that Affinity Federal Credit Union administers its employment policies in a nondiscriminatory manner. I specifically authorize Affinity Federal Credit Union to investigate my background, including any and all references, and prior employers, consistent with the position for which I am applying, and release and hold Affinity Federal Credit Union harmless for any and all liabilities arising out of its investigation of my application for employment. I authorize the Company, in its sole discretion, to supply my employment record to any prospective employer, government agency, or other party with an interest that the company deems appropriate.

I understand that this application is not a contract of employment.

If you agree to this disclaimer, you authorize the Company to process the application in accordance with the Company’s established hiring practices.

By completing this online application for employment opportunities at Affinity Federal Credit Union, I acknowledge reading, understanding and agreement of the Applicant Statement.