Consumer Loan Specialist

4 days ago


Lexington, Kentucky, United States Massachusetts Institute of Technology Full time

Job Summary

The Massachusetts Institute of Technology is seeking a highly skilled Consumer Loan Underwriter to join our team. As a key member of our lending department, you will be responsible for reviewing and approving consumer loan applications, ensuring compliance with regulatory requirements and company policies.

Key Responsibilities

  • Review and approve consumer loan applications, ensuring that all necessary documentation is complete and accurate.
  • Conduct thorough credit analyses and make informed lending decisions.
  • Collaborate with loan officers and other stakeholders to ensure a smooth loan origination process.
  • Maintain up-to-date knowledge of regulatory requirements, including the Equal Credit Opportunity Act, Truth in Lending Compliance, and Fair Credit Reporting Act.
  • Develop and maintain relationships with members, providing exceptional customer service and support.
  • Work closely with the consumer loan specialist to ensure efficient loan processing and approval.
  • Perform other duties as assigned by management.

Requirements

  • Bachelor's degree in a related field, such as finance, business, or economics.
  • At least two years of experience in the banking or credit union industry, with a focus on lending and credit analysis.
  • Excellent analytical, problem-solving, and communication skills.
  • Ability to work independently and as part of a team, with a strong attention to detail and organizational skills.
  • Proficiency in MS Office and loan databases.


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