Consumer Loan Processor performs administrative tasks for loan processing. Collects and prepares necessary information required by each loan type and purpose to process and complete loan files. Being a Consumer Loan Processor verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Consumer Loan Processor ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Consumer Loan Processor works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Consumer Loan Processor typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Organization: Cornerstone Community Financial CU
Date Posted: January 4, 2024
Region: Southeast Michigan
Location of Position: Auburn Hills
Position Level: Entry
The Loan Processor is responsible for reviewing every aspect of the processing, funding, and closing of loans to ensure efficiency standards, service expectations, and compliance requirements are upheld. This position will be expected to have a comprehensive understanding and knowledge of the CU’s consumer and indirect loan products, policies, and procedures. Establishes loan files and orders documentation required to process loans. Responsible for the accuracy and completeness of all loan documentation. 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 retain file.
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