Mayo Employees Federal Credit Union · 1 day ago
Consumer Loan Processor
Rochester,MN,US
Full-time
Onsite
Entry Level
$20/hr - $22/hr
1+ years expMayo Employees Federal Credit Union (MEFCU) is looking for a detail-oriented and collaborative Consumer Loan Processor to join their team. The role involves assembling and verifying loan documentation, ensuring accuracy, and assisting members with account maintenance needs.
BankingFinanceFinancial Services
Responsibilities
Accurately and efficiently processes all supporting documentation for approved and/or unapproved loans
Ensures that each loan is processed accurately by ensuring loans are properly documented, closed, disbursed, and filed
Completes documentation to secure the credit union's interest in loan collateral
Reviews all disbursed loan files by checking for necessary paperwork, signatures, notices, and computer information such as interest rates, loan type, collateral, payment, etc
Disburses checks, drafts, and vouchers on approved loans
Analyzes individual title problems and suggests solutions
Verifies insurance on property taken as collateral on loan files
Maintains loan files by filing loan folders and supporting documents
Purges loan files by destroying out of date or unnecessary loan documents
Maintains monthly production records of loans funded by loan officer and type of account
Compiles reports and notices for Credit Committee and Board of Director meetings
Assists members with the servicing of existing account relationships
Enters data on members and transactions to ensure accurate record keeping of all individual member account activity
Qualification
Required
A high school diploma or equivalent AND one year of experience working in a financial institution
All employees must be bondable by MEFCU's insurance policy. Continued employment is subject to maintaining favorable bondable status per insurance standards
Knowledge of credit union philosophy and operations procedures, rules and regulations governing Consumer Credit
Skill in keeping current on economic environment factors that may impact lending, interpersonal communication, organization, time management
Ability to handle multiple tasks simultaneously and accurately, prioritize, work independently and as part of a team
Benefits
Affordable Medical Plans
Six Paid Holidays and Generous Accrued Paid Time Off Plan
Employer-Paid Life and AD&D Insurance (additional voluntary coverage is available for employee purchase too!)
Employer-Paid Short and Long-Term Disability Insurance
Employer-Paid Health Reimbursement Account or Health Savings Account contribution
401k Plan with Generous Employer Match
Tuition Assistance
Flexible Spending Accounts
Employer-Paid Identity Theft Insurance
Employee Assistance Program
Voluntary Accident and Critical Illness Insurance
Discounted Pet Insurance Program
Company
Mayo Employees Federal Credit Union
Mayo Employees Federal Credit Union is a not-for-profit organization that provides financial services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Jennifer Simpson
Chief Human Resources Officer
Ryan Ogaard
Chief Information Officer
Company data provided by crunchbase