Consumer Loan Processor
Alliant Credit Union•Chicago, IL
•$41,900 - $59,400•Hybrid
About The Position
Manage the consumer loan application process, ensure documentation is complete, accurate, and compliant with regulatory standards. Collaborate across teams, including but not limited to internal and external partners to verify stipulations and support timely funding. Document exceptions to standard procedures to uphold operational integrity and support continuous improvement.
Requirements
- Minimum - High School or Equivalent
- Minimum - 2 years Direct or indirect consumer loan closing, processing, underwriting or related
Responsibilities
- Manage the full lifecycle of consumer loan applications, ensure required documentation is complete, accurate, and compliant with regulatory and internal policy standards maintaining ethics and privacy directives
- Analyze income verification documents and calculate income to validate loan eligibility and adherence to underwriting guidelines
- Investigate and resolve fraud alerts, credit bureau discrepancies, and membership identification issues, escalate potential risks appropriately.
- Exhibit an understanding of title perfection requirements to secure Alliant’s legal interest in loan collateral
- Provide support to loan consultants, underwriters, wholesale partners, and dealership representatives. Timely addressing inquiries related to loan status, documentation requirements, and processing timelines to resolve outstanding discrepancies and ensure a positive member experience
- Assist with home equity loan processing tasks when needed including flood certification, insurance verification, and property condition assessments
- Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
Benefits
- health care
- vision
- dental
- 401k with employer match
- Annual performance bonus
- Work from home up to 3 days a week
- Paid parental leave
- Employee discount programs
- Time off including paid personal and sick days
- 11 paid holidays
- Education reimbursement
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
