Consumer Loan Processing Supervisor jobs in Springfield, MA

Consumer Loan Processing Supervisor supervises the day-to-day loan processing operations involved with the origination and documentation of various types of loans. Implements processes and procedures to maintain accuracy and completeness of required documentation. Being a Consumer Loan Processing Supervisor tracks team performance against established metrics and standards for speed, quality, and customer service. Performs quality checks and resolves issues. Additionally, Consumer Loan Processing Supervisor prepares reporting for internal departments and external agencies. Participates in audit requests and processes. Delivers new hire and team training. Provides updates on policy and regulatory requirements and changes. May require an associate degree or equivalent. Typically reports to a manager. The Consumer Loan Processing Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be a Consumer Loan Processing Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. (Copyright 2024 Salary.com)

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Consumer Loan Underwriter
  • Massachusetts Mutual Life Insurance Co.
  • Springfield, MA OTHER
  • The Opportunity:

    As a Consumer Loan Underwriter of MassMutual Federal Credit Union (MMFCU), you will be a valued member of a supportive, diverse, and skilled team. All MMFCU team members are committed to delivering a consistent and memorable experience to our members and potential members. You will be responsible for representing the financial interests of both our members and the credit union. You will be responsible for reviewing, analyzing, approving, and underwriting consumer requests within credit union and industry guidelines. You are also responsible for timely turnaround on applications as well as for performance of loans written. You must be a decision-maker with a tolerance for risk, while understanding the lending guidelines and regulations.

    The Team:

    Reporting to the Chief Lending Officer (CLO), the loan team is comprised of loan officers, a loan servicer, collections, and a loan processor. The team is expected to work cross-functionally and collaboratively with other business units within the organization.

    The Impact:

    • Analyzes applicant financial status, credit, and collateral evaluation to determine the feasibility of granting loan and approves or denies. Forwards that information to the loan originator.
    • Corresponds/converses with originators frequently to resolve questions regarding application information provided, and further delve into the member’s situation to assist in being able to grant credit to the member.
    • Clear and document red flags. Ensure due diligence is performed: verifying account information, credit worthiness, and reviewing income/employment information, determining collateral value to ensure the borrower’s ability and willingness to repay. Asking for and properly documenting additional information as needed. Ensure that proper adverse actions are used when declining an applicant.
    • Underwrite loan applications quickly and thoroughly. Communicate lending decisions to internal team members on direct loan applications. Communication methods may include making and answering phone calls, responding to emails, and web message comments with dealerships. Answer lending questions from internal staff.
    • Work with loan processors to resolve loan stipulations and ensure conditions are met prior to final review and approval.
    • Has a tolerance for risk while appreciating the policy guidelines and requirements set out in regulation.
    • Demand of myself, and others, the highest levels of integrity, leadership, accountability, and teamwork.
    • Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

    Minimum Qualifications:

    • 3 years of similar or related experience

    Preferred Qualifications:

    • Bachelor’s degree in math or finance
    • Experience with Meridian Link
    • Advanced and continuous learning to stay current on Consumer Lending trends, compliance, and regulations.
    • Ability to review complex documents and loan information to find ways to make more quality loans.
    • Must have an analytical mind with the ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
    • Must be able to communicate well with team and credit union employees.
    • Familiarity with credit union system terminology and acronyms.
    • Ability to solve practical problems and deal with a variety of concrete variables in situations where guidelines are available but extensive evaluation is required. Ability to interpret a variety of instructions furnished in written form, including but not limited to loan policy, procedural manuals, and compliance with appropriate regulations.

    What to Expect as Part of the Team

    • Regular collaboration with the lending team
    • Focused one-on-one time with your manager.
    • Access to mentorship opportunities
    • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource Groups
    • Access to learning content on Degreed and other informational platforms
    • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits.

    #LI-FT1

    MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

    If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
  • 11 Days Ago

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Maintenance apprentice
  • KIK Consumer Products
  • Ludlow, MA FULL_TIME
  • Essential Job Functions Sets up production equipment to run scheduled production Discusses difficulties in operating equipment with machine operators to isolate problems, and then troubleshoots machin...
  • 24 Days Ago

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Processing specialist
  • LabCorp
  • Holyoke, MA FULL_TIME
  • Are you organized, accountable, and have always gone the extra mile to make sure things are done right? Imagine the impact those skills can have in ensuring the accuracy of millions of healthcare test...
  • 3 Days Ago

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Processing specialist
  • Labcorp Drug Development
  • Holyoke, MA FULL_TIME
  • Are you organized, accountable, and have always gone the extra mile to make sure things are done right? Imagine the impact those skills can have in ensuring the accuracy of millions of healthcare test...
  • 3 Days Ago

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Processing associate
  • Morgan Memorial Goodwill Industries, Inc.
  • Amherst, MA FULL_TIME
  • Production Associate SUMMARY : This position is responsible for inspecting and sorting all donated textiles and hard goods. Makes price tickets and prepares merchandise for resale in the store. Discar...
  • 1 Month Ago

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Loan Administrator
  • Robert Half
  • Boca Raton, FL PER_DIEM
  • Position Overview:We are looking for a detail-oriented and organized Auto Loan Administrator to join our team. The ideal candidate will play a pivotal role in supporting the loan administration proces...
  • 20 Days Ago

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0 Consumer Loan Processing Supervisor jobs found in Springfield, MA area

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Front Operations Patient Coordinator
  • Caring Health Center Inc
  • Springfield, MA
  • General Description: This position is responsible for managing the entire patient experience in person and over the phon...
  • 3/29/2024 12:00:00 AM

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Operations Associate Cardiac Monitor Tech R28463
  • Baystate Health
  • Springfield, MA
  • Req#: R28463 Category(s): Administrative Support, Unit Clerical Support Full Time / Part Time: Full-Time Shift: Third Ba...
  • 3/29/2024 12:00:00 AM

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Operations Associate Cardiac Monitor Tech R27419
  • Baystate Health
  • Springfield, MA
  • Req#: R27419 Category(s): Administrative Support, Unit Clerical Support Full Time / Part Time: Full-Time Shift: First Ba...
  • 3/29/2024 12:00:00 AM

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Operations Associate Cardiac Monitor Tech R27754
  • Baystate Health
  • Springfield, MA
  • Req#: R27754 Category(s): Administrative Support, Unit Clerical Support Full Time / Part Time: Part-Time Shift: Third Ba...
  • 3/29/2024 12:00:00 AM

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Operations Associate Cardiac Monitor Tech R28834
  • Baystate Health
  • Springfield, MA
  • Req#: R28834 Category(s): Administrative Support, Unit Clerical Support Full Time / Part Time: Full-Time Shift: First Jo...
  • 3/29/2024 12:00:00 AM

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Operations Associate Cardiac Monitor Tech R26124
  • Baystate Health
  • Springfield, MA
  • Req#: R26124 Category(s): Administrative Support, Unit Clerical Support Full Time / Part Time: Full-Time Shift: First Ba...
  • 3/29/2024 12:00:00 AM

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Senior Manager - Inventory
  • Essendant Inc
  • Deerfield, MA
  • ** Senior Manager - Inventory** **Job Category****:** Manager **Requisition Number****:** SRINV012801 Showing 1 location...
  • 3/28/2024 12:00:00 AM

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Operation Manager
  • SoftwareOne
  • Dalton, MA
  • Job Function: Sales Operations The role: Order Processing Management: Oversee all operational tasks related to order pro...
  • 3/25/2024 12:00:00 AM

Springfield is located at 42°6′45″N 72°32′51″W / 42.11250°N 72.54750°W / 42.11250; -72.54750 (42.112411, −72.547455). According to the United States Census Bureau, the city has a total area of 33.1 square miles (85.7 km2), of which 31.9 square miles (82.5 km2) are land and 1.2 square miles (3.1 km2), or 3.65%, are water. Once nicknamed "The City in a Forest," Springfield features over 4.0 square miles (10.4 km2) of urban parkland, 12% of its total land area. Located in the fertile Connecticut River Valley, surrounded by mountains, bluffs, and rolling hills in all cardinal directions, Spring...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Processing Supervisor jobs
$59,551 to $83,008
Springfield, Massachusetts area prices
were up 1.6% from a year ago

Consumer Loan Processing Supervisor in Springfield, MA
As a supervisor, you will also be responsible for assisting with hiring activities and training/coaching of your team members.
February 09, 2020
Consumer Loan Processing Supervisor in Boston, MA
The Consumer Loan Processing Supervisor Job Description entitles the loan processing supervisor to supervise the activities of the loan processors and ensure that the procedural standards are strictly adhered to while processing the applications for new loans.
February 08, 2020
Consumer Loan Processing Supervisor in Wichita, KS
In this role you ll supervise the consumer loan team in conducting loan package audits and funding activities.
February 09, 2020