Consumer Lending Indirect Processor

FourLeaf Federal Credit Union•Town of Oyster Bay, NY

1d•$29 - $34•Hybrid

About The Position

The Consumer Lending Indirect Processor plays a crucial role in supporting the lending department by processing loans. This position ensures all necessary indirect or third-party vendor documentation is in place and that the loan funding process runs smoothly and efficiently.

Requirements

High School Diploma or GED.
Minimum of 3 years in Consumer Lending, preferably with experience in indirect processing and communicating with dealerships.
Lending Certified.
NMLS License.
Computer Skills: Proficient in Excel and Word; experience with ARCOS, Seamless, and DNA systems

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: Manages dealer inquiries within the service level guidelines related to the loan process and provides update. 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.