Loan Processor

Medallion Bank•Salt Lake City, UT

3d•Hybrid

About The Position

Medallion Bank is an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it! This is a Utah-based hybrid position, which will require some regular in-office days each week. Employment with Medallion Bank is contingent on passing both a background check and maintaining a clean background.

Requirements

Strong written and verbal communication and interpersonal skills.
Exceptional experience in effective application processing.
Self-motivated and hard working.
Must be able to handle multiple functions simultaneously and function in a high-pressure environment.
Team player.
Basic computer skills.
Intermediate math skills for income calculation.
Ability to successfully work in a team environment.
Ability to make sound decisions and communicate decisions effectively.
Keyboard and accurate typing skills with a recommended minimum of 35 wpm.
High school diploma or equivalent required.

Nice To Haves

Calculating and verifying income.
Figuring loan advance based on program guidelines.
Income calculation.
Collateral valuation.
Third-party verifications.

Responsibilities

Processing loan stipulations in the recreational lending program.
Assisting loan officers in gathering and verifying approval stipulations such as calculating and verifying income and figuring loan advance based on program guidelines.
Timely and accurate data entry of applications.
Training of other loan processors as assigned.
Answering calls from dealers and assisting them with their needs.
Performing other duties as necessary to support the goals and objectives of the department.
Provide timely, accurate and efficient application data entry.
Process approved applications and complete required verifications.
Work with dealers to provide professional customer service to develop and strengthen dealer relations.
Assist in the training of loan processors to complete required verifications of stipulations by loan officers.
Work to maintain and increase productivity within the department.
Performs other duties as assigned.