Loan Collection Clerk supports the collections group by performing routine administrative and clerical tasks. Inputs data, coordinates document distribution, and responds to customer requests related to loans. Being a Loan Collection Clerk requires a high school diploma. Typically reports to a supervisor. The Loan Collection Clerk possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
Duties:
-Role is on-site in a branch location daily
-A minimum of one Saturday a month, on site, is expected
- Assist loan department team in processing documents, providing quality control, and generating reports
-Process loan applications and gather necessary documentation for underwriting and process payoff requests
- Verify borrower information, including employment, income, and credit history
- Review loan files to ensure accuracy and completeness
- Prepare loan packages for submission to underwriting
- Communicate with borrowers, lenders, and other parties involved in the loan process
- Coordinate with title companies, appraisers, and insurance agents to ensure timely closing of loans
- Adhere to all regulatory requirements and company policies
Qualifications:
-3 Years experience in a consumer lending role
-Experience with banking; branch-based banking experience preferred
-Experience with consumer loans (auto, HE/HELOC, personal, residential)
- Familiarity with escrow processes and loan processing procedures
- Excellent attention to detail and organizational skills
- Ability to multitask and prioritize workload in a fast-paced environment
- Strong communication and customer service skills
-Experience with and understanding of quality control processes and ability to adhere to lending guidelines and regulations
Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization.
Job Type: Full-time
Pay: $45,000.00 - $60,000.00 per year
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Schedule:
Experience:
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Work Location: In person
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