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Consumer Loan Processor

Location : Montgomery County, Maryland
Job Type : Direct
Hours : Full Time
Required Years of Experience : 2+
Travel : No
Relocation : No

Job Description :
 

Veritas Partners is currently searching for two Consumer Loan Processors. The Consumer Loan Processor will be expected to follow established procedures and policies while assisting the processing, closing & post-closing responsibilities of the Lending Department.


Duties:
• Perform a variety of consumer 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.


• Review 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.


• Prepare loan closing documents and schedule and executes closing of loans. May calculate loan amount and disburse funds for settlement.


• Perform quality control on all consumer loans and ensures that they are in compliance with all applicable external and internal regulations


• 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 and as directed by management and/or the Vice President of Compliance.


Requirements


Candidates will have the following:
• A positive credit rating


Experience
• Two+ years of similar experience
• A high school education/GED.


Required Qualifications :
 
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