1 Consumer Loan Specialist Job in Gurnee, IL
Abbott Laboratories Employees Credit Union is Hiring a Consumer Loan Specialist Near Gurnee, IL
ESSENTIAL FUNCTIONS:
- Inputs, processes and analyzes phone, internet and LSI auto, personal and Visa applications
- Processes and distributes LDM approved loans
- Distributes LSI approved loans
- Handles loan denials and mails Notice of Adverse Action for Visa
- Processes event tickets
- Performs Visa functions to include maintenance, opening of accounts, respond to incoming Visa tickets, answering member inquires and returned statements
- Audits all Visa applications for accuracy and reports findings to Consumer Loan Manager
- Assists with title processing, questions and calls
- Prepares documents for review and imaging
- Answers and processes member inquiries regarding transactions, maintenance and status of their loan
- Assists members with State National inquiries
- Processes GAP claims
- Actively cross-sells and promotes credit union products and services
- Other duties as may be assigned
- Education Required: High School Diploma or equivalent (GED)
- Experience Required: One (1) year of customer service or retail sales experience
- Experience Preferred: Two (2) years of customer service experience in the processing of consumer loans and visa
- Knowledge, Skills and Abilities (KSAs):
- Ability to perform job functions independently
- Ability to work as part of a team
- Ability to verbally communicate effectively with internal and/or external members
- Ability to use computers and job-specific technology/software efficiently
- Maintains confidentiality
- Performs responsibilities with composure, quality and accuracy under stress of deadlines/requirements
Job Summary
Full Time
$53k-67k (estimate)
05/06/2024
05/19/2024
alecu.org
GURNEE, IL
25 - 50
1990
Private
THOMAS REIMHOLZ
$10M - $50M
Banking
Related Companies
The following is the career advancement route for Consumer Loan Specialist positions, which can be used as a reference in future career path planning. As a Consumer Loan Specialist, it can be promoted into senior positions as a Consumer Loan Branch Manager I that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Consumer Loan Specialist. You can explore the career advancement for a Consumer Loan Specialist below and select your interested title to get hiring information.
If you are interested in becoming a Consumer Loan Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Consumer Loan Specialist for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Consumer Loan Specialist job description and responsibilities
Consumer Loan Officers process loan applications and determine the financial eligibility of applicants.
03/13/2022: Frankfort, KY
Maintain Approval and Rejection Records For each loan approval and rejection, the consumer loan officer maintains thorough records that might detail reasons for rejection, approval terms, and customer data that show why they decided on certain loan elemen
03/22/2022: Springfield, IL
Determining the feasibility of granting loans and communicating with management if required.payments.
05/01/2022: Columbus, GA
Processing advances and disbursements, as well as preparing pay off letters.
04/06/2022: Charleston, WV
Working closely with loan officers to obtain credit information, coordinate closings, calculate closing costs, and disperse funds for clients.
04/09/2022: New Brunswick, NJ
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Consumer Loan Specialist jobs
Follow FHA investor guidelines regarding requirements necessary for opening file.
04/30/2022: Detroit, MI
Order various loan documentation and searches to include title, flood, UCC, insurance, regulatory language, property insurance.
05/02/2022: Middlesex, NJ
Prepare closing instructions and review required loan documentation and HUD-1 for accuracy.
03/03/2022: Fort Myers, FL
Excellent communication skills can be helpful to succeed as a loan specialist.
03/15/2022: Detroit, MI
Administer and coordinate projects and programs to support student/parent borrowers consistent with federal requirements and the company's default management plan.
03/28/2022: Fort Wayne, IN
Step 3: View the best colleges and universities for Consumer Loan Specialist.
