Consumer Loan Processor (Onsite) at Frontwave Credit Union

Oceanside, California, United States -

Full Time

Start Date

Immediate

Expiry Date

12 Jun, 26

Salary

36.69

Posted On

14 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loan Processing, Compliance, Consumer Loans, Application Processing, Member Service, Loan Origination System (LOS), Income Verification, Underwriting Communication, Workflow Development, Lending Guidelines, Microsoft Office, DMV Policy Knowledge, Consumer Lending Processes, After Market Products, Cross Selling

Industry

Financial Services

Description

Overview The Consumer loan processor is responsible for the processing of all Consumer Loan product applications in compliance with applicable rules, regulations, laws and guidelines. Provide members applying for Consumer Loans with detailed guidance on product, pricing and the loan process from application to close. If you have experience in a financial institution processing consumer loan applications, this job may be for you! About Frontwave Credit Union: Frontwave Credit Union is a member-owned not-for-profit financial institution serving San Diego, Riverside, San Bernardino and Imperial counties. Founded in 1952, we have grown to 18 branches with 125,000 members and manage over 1.8 billion in assets. At Frontwave Credit Union, we are focused on creating consumer solutions to provide our members and the communities we serve with products and services that enhance the quality of life for our members through exceptional service and the progressive application of technology. What’s In It For You: Competitive pay, 401k matching, mortgage and auto discounts. 9-27 days of PTO per year (based on tenure), VTO and 10 paid holidays. Affordable medical, dental, vision health plans, and Flexible Spending Account. Employee Assistance Program with a variety of services. Career development, training, and coaching, mentoring; tuition reimbursement up to $4,000/year. Culture of excellence and continuous improvement. We strive to be the best place you’ve ever worked! Responsibilities Essential Duties and Responsibilities: Includes the following non-inclusive list. Other duties may be assigned. All duties are to be performed in compliance with applicable laws, regulations as well as Credit Union policies and procedures. Promptly respond to all digital loan applications, determine eligibility for memberships, process members’ requests working with appropriate personnel in order to satisfactorily service the digital request and complete the loan process within established service level. Act as the main point of contact throughout the loan process, ensuring excellent levels of service by providing guidance on process, product and pricing in a detailed and comprehensive manner. Provide excellent service to members (external and internal) by completing the loan process timely, efficiently and with minimal errors. Update the LOS with loan status notes according to department KPIs. Ensures accuracy in loan application, verification of income and other documents or stipulations required for funding or as required by contract. May conduct follow up contact with member for additional information. Communicate underwriting recommendation to members according to established service level agreement and workflow process. Contribute with development, testing, documenting and training on new workflows and procedures. Assist team members and other departments with lending guidelines, process workflows and loan documentation questions. Qualifications Education and/or Experience:High School Diploma or equivalent. Minimum of two years of financial industry experience with one years of lending experience. Knowledge, Skills and Abilities:Basic computer skills with general knowledge of Microsoft Office applications. Knowledge of California and out of state DMV Policy and Procedures.Knowledge of basic consumer lending processesKnowledge of After Market Products and ability to cross sell other products and services offered by credit union Salary Range: $24.46 - $36.69 Service Excellence Standards When joining Frontwave Credit Union, you can expect to be a part of a workforce committed to the following Service Excellence standards: • We see it. We own it. We get it done. • We ignite positive experiences. • We do things right every time. • We are collaborators - united, cohesive and engaged • We innovate and evolve. • We create memorable experiences for life. • We starts with me.

Responsibilities

The Consumer Loan Processor is responsible for processing all Consumer Loan product applications in compliance with regulations and providing detailed guidance on product, pricing, and the loan process from application to close. Essential duties include promptly responding to digital loan applications, determining eligibility, updating the LOS, ensuring accuracy of documentation, and communicating underwriting recommendations.