What are the responsibilities and job description for the Consumer Loan Processor position at MIT Federal Credit Union?
Position Summary:
Reporting to the Consumer Lending Manager, the Consumer Loan Processor is responsible for the accurate and timely processing of consumer loan applications from submission through funding, ensuring each loan meets credit union policy, investor and program guidelines, and applicable regulatory requirements. This role serves as a key support function within the Consumer Lending Department, partnering with underwriters, loan officers, contact center and branch staff, members, and dealer partners to move applications efficiently through the pipeline while maintaining a high standard of accuracy, compliance, and member service.
Job Requirements:
Required: High school diploma or equivalent required. One (1) or more years of consumer loan processing, lending support, or related financial services experience required. Experience in a credit union or community financial institution preferred. Familiarity with nCino or a comparable loan origination system, and with indirect lending platforms such as Origence (CUDL), preferred. Familiarity with Fiserv DNA core banking system preferred. Working knowledge of consumer lending regulations (Reg Z, Reg B, FCRA, MLA) preferred.
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