Consumer Loan Processor
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Job Location:
Freehold, NJ - USA
Monthly Salary:
Not Disclosed
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
Summary: This position is responsible for interviewing consumer and mortgage loan applicants and originating and processing consumer and mortgage loan applications.
Responsibilities:
- Processing and document preparation of Home Equity Line of Credits Fixed Rate Home Loans Mortgages Consumer Loans and Indirect Auto Loans.
- Perform follow-up on outstanding documentation with members Branch/Assistant Managers indirect dealers or other parties to ensure there is no delay in processing the file for final approval.
- Reviews returned closing packages for accuracy and compliance. Follows-up on pending documentation to ensure the completion of the file.
- Ensures all files meet credit union policies/procedures and all regulatory guidelines (e.g. TRID HMDA and BSA)
- Registers for NMLS and completes required training.
- Process loan application taken by phone including gathering employment and income information and obtaining credit reports.
- Coordinates with branches for consumer loan closing.
- Inputs approved mortgage and consumer loans onto the data processing system and funds the loan closings.
- Answers member phone inquiries for mortgage or consumer loan information or maintenance.
- Booking and funding of loans.
- Reviews HMDA information on applications.
- Calculates loan payoff amounts and prepares accurate payoff letters including per diem interest fees and expiration dates ensuring compliance with lending regulations.
- Handles force-placed insurance processing with State National in accordance with established policies and procedures.
- Makes calls/cross sells additional loan products.
Note: The list of essential functions is not exhaustive. It may be supplemented as necessary from time to time.
Additional Functions:
- Supports the consumer loan staff.
Qualifications :
Qualifications:
- HS Diploma or equivalent
- 1 year to 2 years similar or related experience.
- Proficient in MS Office especially Excel.
- Good organizational skills and able to multitask.
- Strong interpersonal skills.
- Ability to comprehend simple instructions short correspondence and memos.
- Able to apply common sense understanding to carry out detailed written or oral instructions.
- Ability to research collect and analyze data.
- Creative at problem solving and developing alternative solutions.
- Accuracy and attention to detail.
- Strong verbal communication skills.
- Able to present information in one-on-one and small group situations. Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions.
- Good basic math skills.
Additional Information :
As a First Financial employee youll enjoy a challenging work environment. We offer a great benefits package including Medical Dental Rx Vision Life Ins. Retirement Plans Vacation Sick and Personal.
All your information will be kept confidential according to EEO guidelines.
Remote Work :
No
Employment Type :
Full-time
Key Skills
- Loan Processing
- Typing
- Data Entry
- Customer Service
- Organizational skills
- Basic Math
- Computer Skills
- Fraud
- Microsoft Outlook
- 10 Key Calculator
- Fair Housing Regulations
- Food Processing
About Company
First Financial Federal Credit Union is a not-for-profit financial cooperative providing banking products and services to its members in Monmouth and Ocean County. Our goal is make a first rate difference in our Member’s lives by providing the highest level of quality products and pe ... View more
