Loan Processor

Medallion Bank•Cottonwood Heights, UT

1d•Hybrid

About The Position

At Medallion Bank we finance fun! We are 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!

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.

Responsibilities

Process loan stipulations in the recreational lending program.
Assist 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.
Perform 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. Including income calculation, collateral valuation, and third-party 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.
Perform other duties as assigned.