Consumer Credit Manager supervises underwriting operations and oversees the loan application review process to determine loan eligibility and terms. Coordinates the day-to-day activities of the underwriting team to ensure that loan screening is conducted timely, accurately, and in compliance with all regulations. Being a Consumer Credit Manager provides loan options or product recommendations based on qualifications and keeps the team updated and informed of new products, regulations, or product changes. Assists customers through the loan process by researching and answering complex or unique customer inquiries, clarifying details, and coordinating with internal parties. Additionally, Consumer Credit Manager requires a bachelor's degree. Typically reports to a manager. The Consumer Credit Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Consumer Credit Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Position: |
Consumer Loan Specialist |
Department: |
Consumer Lending |
Reports to: |
Consumer Loan Manager |
FLSA Status: |
Non-Exempt |
Position Summary
Responsible for the day to day servicing functions pertaining to the collateral and documentation processing of consumer loans. Processes consumer loan files after closings to ensure that documents are recorded with proper recording authority and the loans are entered correctly into the company records. Inputs loan documents, processes loan payoffs and maintains loan files. Prepares and monitors vehicle titles on newly booked loans. Establishes loan files and orders documentation required to process loans. Responsible for the accuracy and completeness of all loan documentation. Screens consumer application packages to determine acceptability of the credit request based on the organization's predetermined lending guidelines. Recommends approvals and declines of consumer credit requests. Provides general clerical assistance to consumer loan underwriters. |
Duties and Functions Essential to the Successful Performance of the Job
Management reserves the right to add or change duties listed
Quality Control/Funding 60%
Title Work on New Loans 15%
Title Work for Payoffs 10%
Consumer Loan Underwriting Support 10%
Lending Support/General Administration 5%
Other
Minimum Job Requirements:
Education: |
· High School diploma or equivalent |
Experience: |
· Up to 6 months of similar or related experience, including preparatory experience |
Specific Skills: |
· Strong ability to handle numerous projects simultaneously. · Excellent attention to detail. · Ability to work effectively and efficiently under time constraints and deadlines. · Ability to work with a team. · Ability to work with limited supervision. · Good written and oral communication skills. · Good computer skills (Excel & Word) |
Specialized Knowledge, Licenses, Etc.: |
· Knowledge of general accounting and bookkeeping principles preferred. · Proficiency in FSP and electronic title system (FDI) preferred. |
Supervisory Responsibility, if any |
None |
This job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Keys Federal Credit Union expects that its employees will conduct themselves with the highest ethical standards. The Credit Union also expects its employees to conduct business in accordance with all Bank Secrecy Act, anti-money laundering and other regulatory laws. Information security and confidentiality of member information are of the utmost importance to the Credit Union. Employees shall not knowingly provide assistance to individuals who attempt to violate or avoid these laws or the Credit Union's policies.
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