Loan Processor

Partnership Employment; United States; On-site; USD 50,000 - 70,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Job summary

An established industry player in financial services is seeking a detail-oriented Consumer Loan Processor. This role involves reviewing and processing loan applications, ensuring compliance with lending policies, and managing dealer inquiries. The ideal candidate will collaborate with senior management and other departments to facilitate seamless loan processing and maintain strong product knowledge. Join a dynamic team where your contributions will directly impact the efficiency of loan operations and customer satisfaction. If you're passionate about the financial industry and eager to grow your career, this opportunity is perfect for you.

Qualifications

• Strong knowledge of lending products and compliance regulations.
• Experience in processing consumer loan applications.

Responsibilities

• Review and verify loan applications for accuracy and compliance.
• Process and fund loans, ensuring documentation is correct.
• Manage dealer inquiries and track loan application status.

Skills

Loan Processing

Compliance Knowledge

Attention to Detail

Communication Skills

Education

High School Diploma

Bachelor's Degree in Finance or related field

Tools

Loan Origination System (LOS)

Core Banking System

Job description

Company in Financial Services is looking to hire a Consumer Loan Processor.

Responsibilities

• Review Loan Applications: Ensure completeness and accuracy of indirect and third-party vendor consumer loan applications, verifying all conditions and income to comply with lending policies and regulations.
• Process and Fund Loans: Prepare and send documentation, verifying accuracy in all systems when loans are funded, including knowledge of general ledger mapping from LOS to CORE and interfaces to other systems.
• Pipeline Management: Track loan application status to ensure timely processing and interact with dealers to advise and clear funding issues.
• Dealer Inquiries: Manage dealer inquiries within the service level guidelines related to the loan process and provide updates. Inquiries may come as a phone call or via the LOS.
• Collaboration: Work closely with senior management and other departments to ensure seamless loan processing, lien perfection, and member onboarding.
• Compliance and Audit: Address compliance and audit issues, providing resolutions and keeping the Processing Manager informed.
• Product Knowledge: Maintain strong knowledge of lending products, conditions, income review, and acceptable documentation.

Seniority Level

Associate

Employment Type

Full-time

Job Function

Analyst, Writing/Editing, and Administrative

Industries

Banking, Investment Banking, and Financial Services

Pay Range

This range is provided by Partnership Employment. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range: $50,000.00/yr - $70,000.00/yr

Benefits

• Medical insurance
• Vision insurance
• 401(k)