What are the responsibilities and job description for the Consumer Loan Servicing Specialist position at CREDIT UNION 1?
Credit Union 1 is Recognized as a Chicago Tribune and Las Vegas Review-Journal Top Workplace 2025
We are excited to announce that Credit Union 1 has been recognized as a Chicago Tribune and Las Vegas Review-Journal Top Place to work for the fifth year in a row! The Top Workplaces explore how organizations create and sustain a positive and productive work culture. A great culture is important to Credit Union 1, and our culture is made up of more than great benefits and time off.
Join the Credit Union 1 Team
If you are highly motivated, friendly, and looking for a great place to work, join the Credit Union 1 team. As an employee of Credit Union 1, you will be part of a well-established and respected credit union that offers you amazing benefits, along with both stability and the opportunity for a great career path.
Top reasons to begin a career at Credit Union 1:
- Get paid for NOT working 14 holidays each year!
- Paid Time Off (PTO) begins accruing day one of employment
- Tuition reimbursement for approved courses (after 90 days)
- Free Employee Assistance Program (EAP)
- Livongo Diabetes Management Program
- Career growth opportunities it's our philosophy to promote from within whenever possible. Credit Union 1 is committed to your success and professional development.
- Excellent benefits packages including:
- Medical PPO insurance
- High Deductible Health Plan (HDHP) and Health Savings Account (HSA)
- Dental & Vision insurance
- Life, AD&D, short and long-term disability insurance (100% company paid)
- 401(k) retirement and profit-sharing plan (must be 20 years old)
- 401K Matching
- Free Teledoc 24/7 Physician Services
- Pet Insurance
- Paid Family Medical Leave (When FMLA Eligible)
- Being part of a team providing services with the goal of improving the ongoing economic well-being of our members.
- Exclusive interest rate reduction for qualifying loan products.
The Job at a Glance
The Consumer Loan Servicing Specialist is responsible for servicing and maintaining consumer loan accounts throughout the life of the loan. They will possess an understanding of all functions within the Consumer Loan Servicing Department. Extensive administrative and member service work with primary responsibilities for the timely and accurate post-close processing, validating, and servicing of member loans. Requires effective communication with members, coworkers, and vendors to ensure coordination and exchange of information. All duties and responsibilities are expected to uphold compliance standards and provide an exceptional member experience.
A Typical Day
- Completes research and processing of Consumer loan account matters such as disputes, transaction/data corrections, payment method modification, and processing standard payment transactions.
- Respond to inquiries related to Consumer Loan Servicing, internally and externally, to assure a timely and accurate response.
- Verify the accuracy of data entered in the system, updating missing information and applying corrections as needed by verification of documentation.
- Complete post-close processing and verification of new loans along with merger loans.
- Responsible for the integrity of Total Loss processing including timely disbursements, updates, and member requests.
- Maintain and process insurance tracking on auto loans where collateral protection insurance has been enforced.
- Prepare and process payoffs, lien releases, verifications, and insurance related claims for secured loans.
- Prepare, complete, and distribute documents, and letters as directed.
- Board and/or conduct QC on Consumer, Loans that are unsecured and secured.
- Post loan payments, reversals, and corrections.
- Process loan late fee waiver request, MRC cancellation, and modification requests such as due date changes or cancellation of life / disability / debt protection.
- Process GAP, credit life / disability / debt protection insurance claims.
- Work with loan servicing business partners as directed.
- Cross train in all areas of the Consumer Loan Servicing Department as directed by Management.
- Take on a leadership role within the Credit Union by living our Mission Statement of helping members achieve their fullest economic potential, increasing community and family financial success.
- Other duties and projects as assigned.
- Promote CU1’s core values of Be Great, Be Engaged, Be Open, Be Nice.
What We Look For
- High school diploma or equivalent; some college preferred.
- Proficient PC skills in Microsoft Office
- Excellent verbal and written communication skills
- Good organizational and time management skills
- Ability to multi-task with accuracy
- Consumer Loan servicing experience preferred.
Location: 2651 Paseo Verde, Henderson, NV
Salary : $21 - $26