Loan Processor

JOB DESCRIPTION LOAN PROCESSOR

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SUMMARY:

Responsible for the processing of all Consumer, Indirect, Home Equity Line of Credits and Home Equity Loans while ensuring adherence to all Credit Union policies, procedures and regulatory guidelines. •

ESSENTIAL DUTIES AND RESPONSIBILITIES

Processing and document preparation of Home Equity Line of Credits, Fixed Rate Home Loans, Consumer Loans and Indirect Auto Loans. Efficiently utilize systems such as DecisionLender4, and other relevant software to support underwriting operations. Validate accuracy of Debt-to-Income (DTI) and Loan-to-Value (LTV) ratios, ensuring compliance with all applicable policies and procedures. Verify that all approved or denied loan applications include the required signatures. Ensure strict adherence to Credit Union policies, internal procedures, and all relevant regulatory guidelines. Monitor loan files and borrower information for inconsistencies or red flags, actively identifying, reporting, and mitigating potential fraud in accordance with regulatory and internal guidelines. Monitor and meet all Departmental performance reporting and service goals. Interact with all necessary third-party vendors, Members, and Team Members. Provide data and reporting required to meet HMDA reporting requirements. Propose Lending Policy and procedural changes to the Team Lead and Centralized Lending Manager as required to enhance operational efficiencies and productivity or to meet regulatory or compliance mandates. Cross-sell credit union products and services, including deposit accounts and loan products, to meet Members' financial needs and enhance their overall financial well-being. Work at various branch locations as required. Other duties as assigned. •

REQUIREMENTS

High School diploma or a combination of education and experience. 1 year working in a financial institution, preferably in a Credit Union setting. NMLS •

COMPENTENCIES

: Knowledge of consumer and real estate underwriting practices Knowledge of Island's products and services Excellent written and oral communication skills Excellent organizational skills Ability to prioritize, pay close attention to detail, and coordinate various activities simultaneously. Ability to communicate with co-workers, management, and business contacts in a courteous and professional manner.