Loan Processor: Precision Closings & Compliance

Cedar Point Federal Credit Union; California (MD); On-site; USD 42,000 - 64,000; Full time

Job summary

Cedar-Point Federal Credit Union seeks an experienced loan processing associate to disburse approved loans and assist members through the application process. The role requires coordinating with back-office lending teams, dealerships, and underwriting staff to ensure compliant, timely funding.

Responsibilities include maintaining dealership relationships, collecting package stipulations, and ensuring all documentation is complete for each loan product.

Qualifications

• High School Diploma required; Associate degree or higher preferred.
• 2+ years of consumer lending experience preferred.
• Strong organizational, verbal, and written communication skills.
• Familiarity with data processing systems is an asset.
• Ability to understand and follow written and oral instructions.
• Ability to work independently with limited supervision.
• Ability to manage loan documentation and underwriting adherence.

Responsibilities

• Disburse approved loans and ensure proper funding through channels.
• Maintain relationships with dealerships and obtain complete loan packages.
• Open indirect loans and collect stipulations from dealers.
• Stay current on underwriting guidelines for offered products.
• Assist members with loan applications and document completeness.
• Verify underwriting accuracy before funding and post payments as due.
• Review rates, terms, and loan ratios for underwriters.
• Contact members to complete documents and arrange disbursements.
• Print adverse action notices for declined applications.
• Archive loans and transfer documents to imaging system.

Skills

Loan processing

Customer service

Lending guidelines

Dealership liaison

Documentation

Education

High School Diploma

Associate degree or higher

Tools

Data processing systems

Job description

Cedar-Point Federal Credit Union seeks an experienced loan processing associate to disburse approved loans and assist members through the application process. The role requires coordinating with back-office lending teams, dealerships, and underwriting staff to ensure compliant, timely funding.

Responsibilities include maintaining dealership relationships, collecting package stipulations, and ensuring all documentation is complete for each loan product.