What are the responsibilities and job description for the Consumer Loan Processor position at First Federal Bank?
Job Overview
We are seeking a detail-oriented and motivated Loan Processor to join our dynamic team in the financial services sector. The ideal candidate will play a crucial role in the loan origination process, ensuring that all documentation is accurate and compliant with regulatory standards. This position requires strong organizational skills, attention to detail, and a commitment to providing exceptional service to clients.
Responsibilities
- Review and verify loan applications and supporting documentation for accuracy and completeness.
- Process loan applications in accordance with company policies and regulatory requirements, including Fair Housing regulations.
- Collaborate with loan officers, underwriters, and escrow agents to facilitate the smooth processing of loans.
- Conduct thorough analysis of financial statements, credit reports, and other relevant information to assess borrower eligibility.
- Maintain detailed records of all loan transactions and communications throughout the processing cycle.
- Ensure compliance with TILA (Truth in Lending Act) regulations during the loan processing phase.
- Communicate effectively with clients to gather necessary information and provide updates on their loan status.
- Utilize 10 key typing skills for efficient data entry and documentation management.
Qualifications
- Previous experience in loan processing or related roles within a bank or financial services environment is preferred.
- Familiarity with loan origination systems and underwriting processes is highly desirable.
- Knowledge of TILA regulations and Fair Housing laws is a plus.
- Excellent organizational skills with the ability to manage multiple tasks simultaneously while maintaining accuracy.
- Strong communication skills, both written and verbal, to effectively interact with clients and team members.
- Proficient in using computer software for data entry and document management.
If you are passionate about helping clients achieve their financial goals through effective loan processing, we encourage you to apply for this exciting opportunity.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Professional development assistance
- Retirement plan
- Vision insurance
Work Location: In person