Consumer Loan Processor

Purdue Federal Credit Union • West Lafayette, IN

16h • Onsite

About The Position

The Consumer Loan Processor is responsible for processing indirect contracts from dealerships and processing 2nd mortgage loans. The Consumer Loan Processor will also be responsible for loan auditing and keeping abreast of all Purdue Federal products, services and procedures.

Requirements

• Knowledgeable of all Loan Products, Rates & Loan Regulations.
• Proficient in Loan Origination System (LOS) and any Processing Software.
• Adaptable and proactive approach to the dynamic lending industry, staying up-to-date with evolving rules and regulations and market conditions.
• Proficient with Microsoft Office Suite with intermediate proficiency in Excel.
• Detail-oriented with close attention to detail to ensure accurate paperwork completion and adherence to rules and regulations.
• Strong verbal and written communication skills.
• Ability to quickly identify problems, determine potential solutions, and take corrective action (Problem-Solving and Critical Thinking).
• Uphold confidentiality and adhere to the highest ethical standards.
• Ability to collaborate with underwriters, other departments, and vendors for smooth loan closing and funding processes (Teamwork and Collaboration).
• Efficient and effective time management and organization skills to manage workload and process applications and tasks promptly.
• Ability to communicate professionally, verbally and in writing, with employees, members, vendors, and company contacts.
• Ability to follow core values of honesty, integrity, mutual respect, pride, and ownership.

Responsibilities

• Process 2nd mortgage loans based on current guidelines, including sending initial and closing disclosures, reviewing and ordering supporting documentation, funding and disbursing, and auditing and archiving.
• Process and finalize indirect loan applications, including processing applications for underwriting review and processing and funding all final contracts.
• Provide excellent member service by processing 2nd mortgage applications in a timely manner, maintaining positive communication with internal staff and external dealerships, and answering incoming phone calls professionally.
• Participate in ongoing training, seek feedback, and build knowledge and skills relevant to the role, department, compliance, and the credit union’s mission for professional development.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed