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)
The holder of this position provides administrative support and performs clerical duties in processing financial, marketing and credit records.
RESPONSIBILITIES/DUTIES
- The essential functions of the position include, but are not limited to:
- Receiving payments on accounts and issuing receipts
- Making authorized disbursement of loan funds
- Preparing applications, legal and credit administration documents to complete loan transactions
- Verifying accuracy of loan and legal documents
- Performing legal record searches
- Performing data entry of office transactions
- Compiling branch office reports
- Maintaining the branch office filing system
- Promoting good customer relations
- Performing additional duties, including other administrative services, as required, to meet business needs
- Meeting the requirement of daily attendance on the job for a full, continuous 8-hour shift
REQUIRED EXPERIENCE
High school education or GED equivalent with work experience in secretarial and/or administrative duties. Must be able to perform most duties under moderate supervision and exercise a reasonable amount of judgment.
PREFERRED EXPERIENCE
Strong preference for experience with legal document preparation and/or monitoring of time sensitive functions.
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