What are the responsibilities and job description for the Consumer Loan Specialist position at Notre Dame Federal Credit Union?
PRIMARY FUNCTION:
Provides administrative assistance in the retail lending department for both consumer and real estate loans. This position assists in preparation of loan documents, checks for errors, and gathers important information as necessary for successful loan documentation preparation.
ESSENTIAL DUTIES & RESPONSIBILITIES:
This position must effectively carry out the essential duties of this position in a manner that consistently demonstrates the core values of Notre Dame Federal Credit Union in a positive manner. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The duties identified below are the essential functions of the position and other duties may be assigned.
- Prepares final loan documents accurately and in a timely manner for funding of all consumer and real estate loans.
- Review and mail all proofs of titled collateral insurance to Allied for tracking on a weekly basis.
- Monitor and log properties in flood zones; ensure HOI provided at closing shows appropriate coverages.
- Disburse funds on all real estate secured consumer loans.
- Provides follow up documents and other correspondence to the lender(s).
- Processes HELOC mortgage filings and releases, Indiana RREAL filing and early disclosures as a back-up to the HELOC Specialist or other Lending Support Specialists as needed.
- Establishes membership, application and funding of RateGenius loan requests.
- Assists departmental staff in efficiently and effectively processing the various activities involved in credit granting, and performs such additional duties as might be assigned from time to time.
- Perform all loan support duties such as: disburse checks, record/release liens and mortgages as well as other various lending clerical duties.
- Write and mail maturing Primequity member correspondence; prepare for electronic filing of letter to member online file.
- Responsible for creating, organizing, and tracking consumer and mortgage loan files in electronic format.
- Provide assistance to lenders by obtaining all information necessary to complete transactions including preparing correspondence, envelopes, filing lien instruments, maintaining records of filings, attending to the renewal or release of filings/liens, notification of credit denial, and any other transactions required by Credit Union lending policy, regulation, or standard business practice.
- Assist in regulatory and policy compliance requirements, which would include those efforts in compliance with Bank Secrecy Act (BSA), Office of Foreign Asset Control (OFAC) and Anti-Money Laundering (AML) Regulations, and other compliance related Policies.
- Operates the Credit Union’s financial and loan processing software systems.
- Assists departmental staff in efficiently and effectively processing the various activities involved in credit granting, and performs such additional duties as might be assigned from time to time.
- Responsible for the orderly egress and ingress of files from the File Room to maintain security and keeping track of files.
SUPERVISORY RESPONSIBILITIES:
No requirement.
PERFORMANCE STANDARDS:
Performs functions in an accurate and timely manner. Professional in appearance and attitude. Utilizes interpersonal skills effectively in a team environment.