Consumer Loan Processor 1 at Sunward Federal Credit Union

Albuquerque, New Mexico, United States -

Full Time

Start Date

Immediate

Expiry Date

07 Jan, 26

Salary

0.0

Posted On

09 Oct, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Interpersonal Skills, Organizational Skills, Attention to Detail, Microsoft Office Proficiency, Information Technology, Analytical Skills, Problem-Solving Skills, Knowledge of Consumer Loan Products, Knowledge of Lending Regulations

Industry

Banking

Description

Description Job Summary: This role plays a pivotal part in assisting consumer loan officers with the processing of loan requests with a focus on direct loan applications. Essential Job Duties: General loan responsibilities: Process vehicle loans initiated from the lending operating system Verify loan files for accuracy, completeness and to ensure compliance with all federal and state requirements including but not limited to interest rate, collateral value, payment calculation, payment schedule. Input loan data into loan operating system. Analyze supporting documentation, utilize credit reports to verify accuracy of loan application, and forward non-automated response loans to Underwriting for approval. Verify and inspect collateral offered. Calculate loan payments, determine loan to value (LTV) and make loan changes to secure a clear lien position. Conducting callbacks to members Perform other duties as assigned by management. Direct Vehicle Loan Responsibilities: Act as primary contact for member post-funding to verify loan status, work with vendors on completion of funding and MVD process. Book and fund loans. Process and review loan applications through the MVD process. Collect necessary documents required for vehicle title transfer. Run MVR to determine the status of the vehicle title. Send completed MVD package to Loan Services. Document and file loan applications to secure the Credit Union’s collateral. Requirements Required Skills/Abilities: Excellent interpersonal skills. Excellent organizational skills and attention to detail. Strong proficiency with Microsoft Office applications. Familiar and comfortable with information technology, particularly digital means of communication. Strong analytical and problem-solving skills. Knowledge: Basic knowledge of consumer loan products, regulations, and market trends Basic knowledge of compliance with federal and state lending regulations (e.g., Equal Credit Opportunity Act, Fair Lending, Truth in Lending Act) Education and Experience: Minimum one years’ experience in financial institutions or related experience Minimum high school diploma/GED or more than one year of related experience Physical Requirements: Prolonged periods of sitting at a desk and working on a computer. Must be able to lift 5 pounds at times.

Responsibilities

The Consumer Loan Processor 1 assists loan officers in processing direct loan applications and ensures compliance with federal and state regulations. Responsibilities include verifying loan files, analyzing documentation, and acting as the primary contact for members post-funding.