State Employees Credit Union of New Mexico ยท 1 hour ago
Loan Processor
Santa Fe, NM
Full-time
Onsite
Entry, Mid Level
$16.58/hr - $23.14/hr
1+ years expState Employees Credit Union of New Mexico is looking to hire numerous Loan Processors for their growing Lending Team. Loan Processors are responsible for supporting consumer and indirect lending activities by processing loan applications efficiently and ensuring compliance with regulations while delivering excellent member service.
Financial ServicesHealth Care
Responsibilities
Must be proficient in completing all loan documentation, recommendations and verifications needed for loans and follow up as needed or necessary (i.e. title work, payroll allocations, auto transfers, loan coupons)
Collect, verify, and organize required documentation such as income verification, credit reports, and insurance information
Communicate with members to clarify loan requirements and provide updates on application status
Complete and mail notice of adverse action forms for loans and memberships as required
Assist members with the loan application process by telephone and/or in person
Pull credit reports, verify debt, estimate monthly payments for any outstanding debt not listed, and add relevant and required items to application
Ensure that each loan is processed accurately and timely as set forth by established credit union policies, procedures, and practices
Prepare loan application and document package for the facilitation of loan closing
Process member requests for skip payments, loan maintenance, loan extensions, due date adjustments, loan payment frequency, and other related modifications
Cross sell credit union products and services that provide value to the member and that deepen credit union relationships
Understand and comply with all policies, procedures, and regulatory requirements including but not limited to: BSA, USA Patriot Act, OFAC, CIP, Member Due Diligence, Reg P, Reg J, Truth in Lending Act, and Fair Credit Reporting Act
Perform quality review of loans booked and funded for accuracy, completeness, proper signatures (authority), and collateral requirements
Ensure all loan files comply with federal, state, and credit union regulations
Maintain, track, and ensure loan exceptions are corrected and cleared in a timely manner
Serve as back up to indirect processing and indirect funding as directed
Perform other duties as assigned
Qualification
Required
1 to 5 years of lending experience
Proficient in completing all loan documentation, recommendations and verifications needed for loans
Collect, verify, and organize required documentation such as income verification, credit reports, and insurance information
Communicate with members to clarify loan requirements and provide updates on application status
Complete and mail notice of adverse action forms for loans and memberships as required
Assist members with the loan application process by telephone and/or in person
Pull credit reports, verify debt, estimate monthly payments for any outstanding debt not listed, and add relevant and required items to application
Ensure that each loan is processed accurately and timely as set forth by established credit union policies, procedures, and practices
Prepare loan application and document package for the facilitation of loan closing
Process member requests for skip payments, loan maintenance, loan extensions, due date adjustments, loan payment frequency, and other related modifications
Cross sell credit union products and services that provide value to the member and that deepen credit union relationships
Understand and comply with all policies, procedures, and regulatory requirements including but not limited to: BSA, USA Patriot Act, OFAC, CIP, Member Due Diligence, Reg P, Reg J, Truth in Lending Act, and Fair Credit Reporting Act
Perform quality review of loans booked and funded for accuracy, completeness, proper signatures (authority), and collateral requirements
Ensure all loan files comply with federal, state, and credit union regulations
Maintain, track, and ensure loan exceptions are corrected and cleared in a timely manner
Serve as back up to indirect processing and indirect funding as directed
Strong math skills such as addition, subtraction, multiplication, division, and percentages
Basic understanding of lending products, services, and processes
Knowledge of office machines and equipment and be able to type
Speak, write and understand English
Excellent verbal and written communication skills
Strong attention to detail and organizational skills
Ability to prioritize and manage multiple tasks in a fast-paced environment
Demonstrates problem-solving skills and the ability to work collaboratively with team members
Ability to maintain confidentiality and handle sensitive member information securely
Patience, tact, enthusiasm and positive attitude toward the members and general public
Education or experience equivalent to a High School diploma or G.E.D certificate
Some experience working in an office or administrative environment
Must be capable to execute all terms and conditions set forth in the Employee Handbook
Work in a safety conscientious manner which ensures that safe work practices are used
Adhere to policy on Drug Free Workplace
Comply with company policies and procedures and local, state and federal regulations
Prolonged periods of sitting at a desk and working on a computer
Some standing, walking, kneeling, stooping, bending and lifting
Must be able to lift up to fifteen (15) pounds at times
Must be able to access and navigate credit union facilities
Preferred
Financial institution experience
Benefits
State Employees Credit Union offers a highly competitive benefits package
Company
State Employees Credit Union of New Mexico
State Employees Credit Union has been providing exceptional care to our members since 1958.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Andy Ramos
President/CEO
Lindsay Jones
Executive Vice President/Chief Operations Officer
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