Loan Processor I

Tinker Federal Credit Union; Oklahoma City (OK); On-site; USD 54,069,000 - 73,153,000; Full time

Job summary

Tinker Federal Credit Union’s Indirect Lending Department has an immediate opening for a Loan Processor. You will process applications and Retail Installment Contracts from auto and other dealerships, verify contracts and income, and ensure compliance with BSA/OFAC standards.

The position is non-exempt with an starting hourly rate of $22.20, and placement within the range will depend on experience and internal equity.

Qualifications

• High school diploma or equivalent and two years of experience within financial services required.
• Experience in new accounts, lobby lending, or loan processing preferred.
• Knowledge of federal and state regulations.
• Knowledge of TFCU lending guidelines, policies, and procedures.
• Incumbent Bonding and TFCU University certification required

Responsibilities

• Process applications and Retail Installment Contracts from auto, RV, watercraft, motorcycle, and ATV dealerships.
• Verify loan contracts, income verification and review supporting documentation to fund loans.
• Maintain compliance with regulations including Bank Secrecy Act (BSA) and OFAC.

Skills

Regulatory knowledge

Lending guidelines

Organizational skills

Office equipment use

Education

High school diploma or equivalent

Two years financial services experience

Job description

Tinker Federal Credit Union’s Indirect Lending Department has an immediate opening for a Loan Processor! We want you to work and grow at TFCU, so there will be many opportunities for professional development and growth through training and continued education. We value you at TFCU!

As aLoan Processor, you will be responsible for the following:

• Process applications and Retail Installment Contracts from auto, recreational vehicle (RV), watercraft, motorcycle, and all-terrain vehicle (ATV) dealerships.
• Verify loan contracts, income verification and review supporting documentation to fund loans.
• Maintain compliance with all regulations including, but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC).

Salary Range:

This is a non-exempt position. The starting hourly rate is $22.20 per hour; however, actual placement within the range will be determined individually based on your experience relative to organizational needs and internal salary equity.

Schedule:

Normally works a weekday schedule, but may be required to work evenings, holidays, or weekends. May be required to travel overnight with or without notice.

Education/Experience:

A high school diploma or equivalent and two years of experience within financial services are required. Applicable additional education levels or relevant but not required certifications may be eligible to satisfy minimum experience requirements. Experience in new accounts, lobby lending, or loan processing are preferred.

Certificates, Licenses, Registrations:

• Incumbent Bonding REQUIRED by TFCU’s chosen authority.
• TFCU University certification required

Keys to success:

In order to be successful as aLoan Processor,you must possess these qualifications:

• Knowledge of federal and state regulations.
• Knowledge of TFCU lending guidelines, policies, and procedures.
• Excellent organizational skills to prioritize assignments and projects.
• Ability to use and maintain basic, fundamental office equipment.