Loan Processor

Forward Financial Credit Union•Iron Mountain, MI

44d•Onsite

About The Position

Processes loan applications, completes documents to close the members’ file; files proper documents; handles other loan processes as requested by supervisor. Assists members in opening and closing accounts, share certificates, IRA’s and other specific deposit accounts, sets up and maintains insurance and tax ticklers.

Requirements

Work must be performed on site not remotely.

Responsibilities

Cross-sells credit union products, proactively seeking opportunities to fill member needs with credit union products and provide information on these products to the member.
To maintain working knowledge of all credit union products, rates, and procedures.
To produce loan documents, reports, and new accounts in a timely fashion to meet member’s needs.
Prepares for and, if instructed, conducts closings. For applications, reviews data to verify that applications are complete and meet credit union standards. Calls specified companies to obtain title insurance, surveys, appraisals, etc., if required. At closings, reviews the loan documents with borrowers, explaining the terms and conditions of the loan and obtaining the necessary signatures on all required documents. Obtains loan related insurance products and policies.
To close, organize and complete member loan files within 48 hours of closings.
Performs maintenance changes for open-ended loan payments; sets up overdraft protection checking accounts.
Prepares and mails approval and denial letters to applicants.
Performs loan pay-off procedures. Drafts satisfactions of mortgages, secures necessary signatures and files with proper filing authority. Maintains file on those items.
Stays current with relevant loan compliance issues and ensures the compliance of non-loan activities.
Opens and closes loan accounts, share certificates, IRAs, and other specific deposit accounts.
WDOT Licenses Plate procedures and reports.
Maintains tickler system for insurance and tax records.
Understands his/her role in the event of robbery and knows proper post robbery procedures.
Maintains orderly work area and professional personal appearance and manner.
Backup - answering phone and teller line.
Maintain the confidentiality of member, employee, and credit union information.
Perform other duties as directed and assists others to complete tasks and work assignments.
May be needed to assist and work teller duties.