Consumer Loan Processor

Credit Union 1•Anchorage, AK

2d•$22 - $33•Onsite

About The Position

We're looking for a detail oriented Consumer Loan Processor to support our lending team and play a key role in delivering a smooth, positive lending experience for our members. This role will provide clerical and administrative support to Consumer Loan Originators, gather and track required documentation to complete loan packages, and coordinate closings via fax, mail, electronic, or in person. This position will also scheduled closings with our branches, follow-up on outstanding packages, and communicate with members by phone, email, and in-person to answer questions and provide general information about consumer loans and other CU1 products and services. As part of the Consumer Lending team, this position will contribute to achieving team goals while supporting our commitment to excellent member service. This position is located on-site at our Abbott Headquarters (1941 Abbott Rd.). Pay Range: $22.01 - $32.95

Requirements

High school graduate or equivalent.
At least 6 months of financial institution experience, required.
Must have good clerical and organizational skills, accurate typing, operation of a 10-key calculator, excellent communications skills, and professional appearance required.
Must be flexible, detail-oriented, and able to work with many interruptions in a fast-paced atmosphere.
Responsible for abiding and complying with the policy for compliance with the Bank Secrecy Act and anti-money laundering laws and regulations (BSA/AML) and the policy for compliance with office of foreign assets control laws and regulations (OFAC).
To be eligible for this position, applicants must be legally authorized to work in the United States without restriction.
Credit Union 1 does not provide visa sponsorship.
Only applicants who meet the minimum requirements for this position will be considered for an interview.

Nice To Haves

Knowledge of Excel and Word desirable.

Responsibilities

Processing Functions Calls for payoff amounts and mailing instructions, verifications of employment and income, credit verifications, vehicle inspection reports and any additional information that may be needed to complete the loan.
Receive and log incoming packets from the dealerships.
Perform proficient review of contracts and documentation for completeness, accuracy and compliance with existing laws, statues, regulations and credit union policies and procedures.
Accurately calculate income to ensure it verifies to the stated income on the application.
Maintains at least minimum standard of Debt Protection, Mechanical Breakdown Insurance and GAP sales on non-indirect loans.
Communicate with member, seller and/or dealerships regarding missing documentation and collect as necessary.
Establish new accounts on non-member applications.
Provide new account documents and welcome letter.
Reviews all incoming loan documents for quality control; i.e. due date, payment amount, disclosures checked, forms signed, etc.
Assists with notary administration as needed.
Sets up loan closing appointments and assures that all information from buyer/seller dealer or other parties have been obtained and are loaded in the system prior to closing.
Closes approved consumer loans and ensures that all loan documents are complete and orderly.
Ability to perform the Hard Close.
Sends loan proceeds and authorization for payoff to appropriate parties.
Coordinates and monitors loans closings through the mail email, electronically and by fax.
Assures that all loan documents are received and signed appropriately.
Maintains a high level of professionalism, tact and courtesy when interacting with members, financial institutions, sellers and dealership employees.
Able to work variable shifts within a 7 day a week schedule.
Meets the current standards as established for the position.
Obtain drills daily from Consumer Loan Supervisor for drill card when applicable.
Meets the current standards as established for the department in the completion of all assigned duties.
Performs other duties as assigned.