City of Boston Credit Union · 5 months ago
Senior Loan Servicing Specialist
South Boston,MA,US
Full-time
Onsite
Senior Level
5+ years expCity of Boston Credit Union is seeking a Senior Loan Servicing Specialist who plays a key role in the lending process by evaluating and underwriting consumer loan applications. The role involves assessing creditworthiness, ensuring compliance with lending policies, and making informed decisions to support the credit union's goals.
BankingFinanceFinancial Services
Responsibilities
Evaluate consumer loan applications to determine creditworthiness and adherence to lending policies
Analyze credit reports, income documentation, and other relevant financial information
Assess the level of risk associated with each loan application
Make recommendations for loan approvals or denials based on established criteria
Ensure compliance with federal, state, and local lending laws and regulations
Stay updated on changes in regulatory requirements and adjust underwriting practices accordingly
Collaborate with branch staff, members, and other stakeholders to gather additional information when necessary
Communicate underwriting decisions to relevant parties in a clear and timely manner
Maintain accurate and thorough documentation of the underwriting process
Ensure that all required documentation is collected and retained in accordance with regulatory guidelines
Provide support to all staff by offering insights into underwriting decisions
Address inquiries from members regarding the underwriting process professionally and courteously
Identify potential risks associated with consumer loans and propose strategies for risk mitigation
Participate in the development and enhancement of underwriting policies and procedures
Qualification
Required
Loan officer: 5 years (Required)
Bachelor's (Required)
Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators
Must be capable of regular, reliable, and timely attendance
Company
City of Boston Credit Union
City of Boston Credit Union offers consumer, home & equity loans and other banking services.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase