Loan Processor

Summary: Responsible for interviewing applicants for loans and processing various loan applications and processing various loan applicants.  Gathers background information and analyzes loan applicant’s credit history.  Approves or refers loan applicants based on analysis.  Prepares and executes loan documents in accordance with credit union policies and procedures and in compliance with State and Federal Laws and Regulations.

Essential  Functions:

• Gathers background information on loan applicants by interviewing loan applicants and obtaining credit bureau reports.
• Assists members with loan application process to ensure completeness of information.
• Pulls credit reports for all applications when appropriate, verifies debts, estimates monthly payments for any outstanding debts not listed and adds them to the debts on the application and estimates monthly living expenses for applicants and dependents.
• Calculates debt-to-income ratios and disposable income figures on loan applicants.
•  Approves or refers non qualifying applications to an assistant credit manager or the credit manager.
• Prepares or obtains all documents necessary to issue Consumer, Real Estate and Credit Card Loans.
• Communicates with Appraisers, Surveyors, Title Companies and Real Estate Attorneys to facilitate the issuance of Real Estate Loans. 
• Answers telephone calls and assists members as needed. 
• Helps with all credit union mailings and direct deposit duties
• Files as necessary.
• Performs Teller duties as needed.
• Performs New Account duties as needed.
• Travels to and from all Credit Union locations.
• Lifts and carries at least 40 lbs. as needed.
• Performs Loan Officer, Teller and New Account duties at all Credit Union Locations
• Cross sells all services of the Credit Union and therefore must be knowledgeable in all aspects of the Credit Union.