Consumer Loan Processing Specialist I

Primary Purpose:

Process and close all consumer loans and lines of credit to include home equity lines, and input HMDA data. Knowledge of consumer lending regulations and compliance.

Essential Responsibilities:

• Process and close loans as assigned, HELOC, auto, brokerage secured and boat loans.
• Maintain and manage loan processing queue daily
• Provide excellent service to our members and loan administration personnel in the field

Processing Loans:

• Prepare loan documents within regulatory timeframes
• Adheres to Service Level Agreements
• Prepares CIT documentation for HELOC, auto, brokerage and boat loans with assistance
• Input HMDA data and understands HMDA regulations
• Handles exceptions in a timely manner with assistance
• Input loans into the Loan Documentation System
• Prepare attorney's instructions
• Prepare loan proceeds checks/wire transfers/general ledger entries
• Review final loan documentation after closing
• Correct any collateral exceptions in a timely manner
• Collaborate with team members outside of department to ensure smooth closing process for members
• Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
• Other duties as assigned.

Minimum Required Skills & Competencies:

• Excellent customer service skills
• Strong organizational skills
• Ability to work independently
• Strong computer skills (Word, Excel)
• Professional telephone skills
• Ability to work under time constraints
• Ability to multitask
• Experience in consumer loan area of banking to include loan documentation and regulations, specifically real estate secured

Desired Skills & Competencies:

• Knowledge of loan documentation
• Knowledge of loan origination system
• Experience with Real Estate closings
• Strong technology skills (Power BI, intermediate or above Excel skills)
• Knowledge of consumer loan regulations

Physical Requirements:

• Express or exchange ideas by means of the spoken word via email and verbally.
• Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
• Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
• Not substantially exposed to adverse environmental conditions.
• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities.