Consumer Loan Specialist

Latitude, Inc.
Rockville, MD
Oct 15, 2021
Oct 17, 2021
Accountant, IT
Full Time
Job Description Consumer Loan Servicer will: Perform a variety of loan support duties such as calculating cash disbursed figures, verifying payroll deduction forms, processing loan payment change forms and issuing loans, etc. Provides information to members via telephone or in person on loan options, rates, terms and collateral requirements. Informs the member of all necessary information/documentation required to complete a consumer loan application. Reviews consumer file to verify that all required documentation has been received; follows up and requests missing information; analyzes and pre-underwrites the information gathered based on credit union policy; prepares file for review by reconciling the income, appraisal value, credit history; determines the terms and conditions of the loan. Prepares loan closing documents and schedule and executes closing of loans. May calculate loan amount and disburse funds for settlement and the disbursement of loans. Performs quality control on all consumer loans and ensures that they are in compliance with all applicable external and internal regulations. Responsible for the thorough knowledge of consumer loan products, policies and procedures. Responsible for providing loan servicing duties such as insurance tracking, title registration tracking and lien release, file maintenance, payment research and reporting requirements. Responsible for assisting the credit union in achieving its' annual growth and income goals through cross-selling all products and services. Be responsible for understanding and complying in an accurate and timely basis with all Bank Secrecy Act/Anti-Money Laundering/OFAC requirements that pertain to your position at LFCU and as directed by management and/or the SVP of Risk Management . The ideal Candidate will: Demonstrate the ability to conduct a detailed review of a loan file Demonstrate analytical decision-making ability with attention to detail. Demonstrate the ability to learn and work in a fast-paced work environment. Ability to multitask and prioritize work as required Provide all members with professional support, accurate information, and friendly service. Troubleshoot and resolve internal inquiries in a timely, friendly and professional manner. Maintain positive member relations while adhering to policy and procedures. Contribute to the successful achievement of Organizational and Departmental goals as set by management and/or the VP of Consumer Lending and/or SVP of Lending. Maintains confidentiality at all times. Maintain a dependable record of attendance and timeliness Powered by JazzHR K6H3MuegHv

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