Consumer Lending Specialist

2 weeks ago


Rockville, Maryland, United States MDDC Credit Union Association Full time


Welcome to MDDC Credit Union Association Careers Our organization is expanding, and we are looking for exceptional individuals to assist our members.

Our team members are vital to our mission of being the premier financial partner for all our members.

Do you possess expertise in lending processes?
Do you have a keen eye for detail and strong communication abilities?
If so, MDDC may have the ideal opportunity for you. We are currently in search of a Consumer Loan Processor to become part of our vibrant team.

About Us:

Our Distinction:
What sets MDDC apart? MDDC Credit Union Association is not only an excellent place to bank but also a fantastic workplace. We have received national recognition, including accolades from industry leaders.

Our Culture:
MDDC is committed to inclusion, diversity, high performance, and new opportunities. Collaboration and a sense of community make MDDC a wonderful place to work. Each individual is appreciated for their unique talents.

We share a common commitment to the communities we serve, engaging in charitable activities throughout the year.


Our Opportunities:
Professional growth, training, and certification are priorities for our employees.

We aim to help you achieve your career aspirations and provide support that fosters advancement within the industry.


About the Role:
We are currently seeking a Consumer Loan Processor for our Consumer Lending Department.

In summary, the Consumer Loan Processor, under the general supervision of the VP of Consumer Lending, will be expected to adhere to established policies and procedures while providing administrative support for the processing, closing, and post-closing activities of the Consumer Lending Department.

Education & Experience: A minimum of three to five years of relevant experience.
A high school diploma or GED.
Requirements: A typical day for a Consumer Loan Processor will involve:

Performing various consumer loan support tasks such as calculating disbursed cash figures, verifying payroll deduction forms, processing loan payment change requests, and issuing loans.

Providing information to members via phone or in person regarding loan options, rates, terms, and collateral requirements. Informing members of all necessary information/documentation required to complete a consumer loan application.

Reviewing consumer files to ensure all required documentation has been received; following up and requesting missing information; analyzing and pre-underwriting the information gathered based on credit union policy; preparing files for review by reconciling income, appraisal value, and credit history; determining the terms and conditions of the loan.

Preparing loan closing documents and scheduling and executing the closing of loans. May calculate loan amounts and disburse funds for settlement.

Conducting quality control on all consumer loans to ensure compliance with all applicable external and internal regulations.

Maintaining comprehensive knowledge of consumer loan products, policies, and procedures.

Additional Comments - Top Benefits or Perks:
Joining MDDC comes with benefits to support you in your personal and professional journey.
We offer a generous benefits package including:
Employer-paid health insurance premium for single and family coverage
Fully funded deductible
401k employer matching contribution
Income protection with life insurance, short and long-term disability
The job posting outlines the most critical responsibilities and requirements of the position. It is not exhaustive. Additional duties, responsibilities, and qualifications may apply.
*MDDC Credit Union Association is an Equal Opportunity and E-Verify Employer
*EOE/AA/DISABILITY/VETERAN


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