Consumer Loan Processor

3 days ago


South Bend, Indiana, United States Teachers Credit Union Full time
Job Title: Consumer Loan Processor

We are seeking an experienced Consumer Loan Processor to join our team at Teachers Credit Union.

Job Summary:

The Consumer Loan Processor is responsible for the collection, validation, analysis, and review of all data and documentation for a consumer loan application. This includes preparing and auditing loan documents, funding loans to member accounts, and paying off debts as outlined in loan documents.

Key Responsibilities:
  • Review consumer loan applications for accuracy and required documentation
  • Communicate with members, originators, vendors, and creditors regarding the processing status of the loan
  • Request missing, incorrectly executed, or required documentation from members or originators
  • Communicate with Retail and Member Contact Center at all stages of the loan process
  • Meet service commitments for closing, funding, and booking consumer loans
  • Generate loan closing documents for both Retail and Member Contact Center loans
  • Audit closing documents to ensure correct execution according to closing checklist
  • Monitor pipelines and follow up to acquire all documentation as needed
  • Update the XP2 system to record documentation that is requested and received
  • Submit completed loan files to responsible personnel per company retention policy
  • Present and analyze consumer loan applications within targeted time frames and current lending guidelines
  • Stay current and follow all compliance guidelines to ensure compliant consumer loans
  • Understand and apply government laws, regulations, and Everwise policies and procedures relating to Anti-Money Laundering, including the Bank Secrecy Act (BSA), US PATRIOT ACT, and OFAC
Requirements:
  • High School Diploma or GED
  • 1-year recent experience in consumer lending

Teachers Credit Union is an equal employment opportunity employer and welcomes applications from diverse candidates.



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