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EC
Extra Credit Union
Loan Processor & Closer
Entry-Level JobVerifiedNo experience needed
Career Insights for Credit / Loan Counselor
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Based on Michigan data
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What they do
A Credit or Loan Counselor advises and educates individuals or organizations on acquiring and managing debt or qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions. May help develop debt management or credit issue plans. Can provide budget, mortgage or bankruptcy counseling.
$45,478 / year median in Michigan
-12% projected decline
Job Description
Role:
Assist members with preparing their loan applications for closing by reviewing loan queues quickly, while striving to book loans quickly. Work as a Team Member of the Member Services Department while ensuring that all processes and policies are being followed to close loans and open accounts.Essential Functions & Responsibilities:
- Ensure all details are completed regarding closing and set appointments for closing loans.
- Contact vendors to schedule GPS install, lien verification and other necessary details. Provide face-to-face closings with members.
- Review member loan applications and prepare them for all types of closing, including lobby, face-to-face and E-Endorse. Ensure all details are included with the loan and that they are closed in an accurate and timely manner.
- Prior to closing, complete a detailed check list for each loan, ensuring that all items are provided and reviewed to ensure compliance, accuracy and completeness. Open accounts as necessary for new members. Complete loan closings accurately.
- Perform back office duties to complete loan files and tracking processes, including lien perfection.
- Cross-offer Extra Credit Union services to members.
- Support members and teammates in the lobby and by phone or email.