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Vibe Credit Union is Hiring a Loan Processor Intern Near Waterford, MI
Position Purpose This internship will primarily focus on supporting our indirect loan processing operations and providing assistance with light title work. The selected candidate will have the opportunity to gain hands-on experience in the financial services industry, develop valuable skills, and contribute to our mission of providing superior member service.
Essential Duties
- Review loan documents for completeness and accuracy, ensuring compliance with internal policies and regulatory requirements.
- Input loan data into our system accurately and efficiently.
- Communicate with dealership representatives and members to gather additional information or resolve discrepancies as needed.
- Collaborate with team members to expedite the loan approval process and ensure timely funding.
- Processes indirect loans from application origination through disbursement.
- Funds indirect loans and maintains dealer reserve accounts by reviewing all documentation on approved contracts submitted for funding.
- Process lien releases for all paid off collateralized loans.
- Assist with general administrative duties such as filing, scanning, and data entry.
- Prepare reports and presentations as requested by supervisors.
- Contribute to process improvement initiatives by identifying inefficiencies and suggesting solutions.
- Other duties may be assigned.
- Currently enrolled in a relevant undergraduate program, preferably in finance, business administration, or a related field.
- Basic knowledge of loan processing procedures and/or title documentation is preferred but not required.
- Strong attention to detail and accuracy in data entry and document review.
- Excellent communication and interpersonal skills, with the ability to interact professionally with internal and external stakeholders.
- Ability to multitask and prioritize tasks in a fast-paced environment.
- Proficiency in Microsoft Office suite (Word, Excel, Outlook).
Job Posted by ApplicantPro
Job Summary
Intern
Banking
$41k-51k (estimate)
05/30/2024
06/23/2024
vibecreditunion.com
OXFORD, MI
25 - 50
1936
DAVID RATLIFF
$10M - $50M
Banking
Related Companies
About Vibe Credit Union
Our name, Vibe, invokes a feeling of exactly how different we are from other financial institutions. Our members experience an Amazing Service Connection. This connection, shines in our award winning customer satisfaction rating. Our balance of fast, remote services and an engaged team sets us apart and assures that our members have the right financial solutions at every adventure and stage of life. We offer Mobile and Online Banking, complete with Express and Remote Lending and, of course, low rates and amazing member benefitseverything you expect of a credit union and more. We never stop imp ...
roving; 2018 will bring new exciting offerings in technology and services to Vibe members. Founded in 1936, we are a full-service financial institution serving over 32,000 members. We welcome everyone in the Lower Peninsula to experience a truly unique way to bank at our Michigan locations in Berkley, Birmingham, Canton, Livonia, Novi, Royal Oak, South Lyon, Southfield, and Sterling Heights.
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The job skills required for Loan Processor Intern include Loan Processing, Data Entry, Microsoft Office, Attention to Detail, Initiative, Loan Review, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Processor Intern. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Processor Intern. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Loan Processor Intern positions, which can be used as a reference in future career path planning. As a Loan Processor Intern, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Processor Intern. You can explore the career advancement for a Loan Processor Intern below and select your interested title to get hiring information.
If you are interested in becoming a Loan Processor, 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 Loan Processor for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Loan Processor job description and responsibilities
A loan processor reviews loan applications before sending them to the underwriter for approval.
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A loan processor will constantly work with computers and other electronic devices.
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Loan officers evaluate, authorize, or recommend approval of loan applications.
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Loan processors have to request additional documentation that may not be readily available for an applicant, like bank statements from several months ago or past years’ tax documents.
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Not only do loan processors collect and organize all of the loan documents, but they also order and organize various third-party requirements.
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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 Loan Processor jobs
Analyze applicant's financial status, credit, and property evaluation to determine the feasibility of granting the loan.
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Analyze potential loan markets to develop prospects for future loans.
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Approve the loan within specified time limits.
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Communicate With Current and Potential Customers.
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The most common types of unsecured loan are credit cards, student loans, and personal loans.
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Step 3: View the best colleges and universities for Loan Processor.
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