Orion Financial · 13 hours ago
Loan Processor - Consumer Lending
Memphis, TN
Full-time
Onsite
Entry Level
2+ years expOrion Financial is a financial services company, and they are seeking a Loan Processor to prepare and process all documents necessary for closing loans. The role involves verifying loan packets, gathering applicant information, and ensuring compliance with underwriting policies.
BankingFinancial ServicesInsuranceVenture Capital
Responsibilities
Process loan packets from dealerships to verify all documents and/or conditions are in the loan packet and review for completeness and accuracy. Documents reviewed include applications, debt ratios, interest rates, notes, security agreements, insurance documents, title documents, proper approvals, payments and disclosure items
Gather background information on loan applicants, research discrepancies. Request income and employment verification
Review data input to ensure all databases are properly updated
Audit the daily exception report to assume all exceptions are documented
Consult with management to resolve issues on loans not meeting established guidelines
Contact members upon loan origination confirming loan terms and conditions, mails form letters and loan forms
Adhere to all loan underwriting/processing policies and procedures
Disburse all loan funding, accurately close loans accurately and timely
Set up member accounts
Performs a variety of support duties related to the indirect lending function
Qualification
Required
High school diploma or GED required
Two years lending experience required
Understanding of loan products and services
Knowledge of loan processing functions, related requirements and procedures
Knowledge of GAP, ACH, GL's
Strong analytical and problem-solving ability
Proficiency with Microsoft Word/Excel
Excellent written and verbal communication skills
Strong organizational skills and attention to detail
Preferred
Indirect processing experience preferred
Company
Orion Financial
Founded in 1957, Orion Financial is the largest credit union in the Mid-South, serving 70,000 customers with over $1.2 billion in assets.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$2.48MKey Investors
Community Development Financial Institutions Fund
2023-04-10Grant· $2.48M
Leadership Team
Ashley McDurmon
President and Chief Executive Officer
Thomas Holmes
Senior Vice President of Marketing
Recent News
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