Consumer Loan Processor 1

Sunward Federal Credit Union•Albuquerque, NM

5d•$21 - $26•Onsite

About The Position

This role plays a pivotal part in assisting consumer loan officers with the processing of loan requests with a focus on direct loan applications.

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.
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)
Minimum one years’ experience in financial institutions or related experience
Minimum high school diploma/GED or more than one year of related experience

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
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.
Perform other duties as assigned by management.