Nutmeg State Financial Credit Union · 1 day ago
Consumer Lending Processor
United States
Full-time
Remote
Entry Level
1+ years expNutmeg State Financial Credit Union is seeking a Consumer Lending Processor to play a crucial role in the loan origination process. The role involves ensuring accuracy, compliance, and efficiency in preparing loan documents and facilitating the disbursement of loan proceeds while maintaining a comprehensive understanding of consumer loan regulations.
BankingFinancial Services
Responsibilities
Prepare accurate and compliant loan documents: Utilize loan processing software and systems to prepare loan documents accurately, ensuring compliance with internal policies and external regulations. Verify loan terms, borrower information, and other relevant details to ensure accuracy. Maintain accurate records and follow retention requirements
Collect and verify loan stipulations: Communicate with borrowers, loan officers, indirect finance teams, and other parties to collect necessary documentation and information required for loan processing. Review and verify the accuracy and completeness of the collected documents, ensuring they meet established guidelines and requirements
Facilitate the disbursement of loan funds to borrowers or designated accounts, adhering to established disbursement procedures and regulations. Coordinate with relevant parties, such as applicants, indirect finance teams, sellers, and loan officers, to ensure accurate and timely fund distribution
Collaborate with internal and external stakeholders to obtain and verify all required lien perfection documents, including titles and supporting required documentation, lien releases, and UCC filings. Ensure the accuracy and completeness of documentation to achieve lien perfection status
Assist in loan servicing activities, including payment processing, account maintenance, and customer inquiries. Collaborate with loan officers and borrowers to facilitate loan modifications, such as extensions, payment adjustments, or refinancing
Perform quality control on acquired loan data: Conduct thorough reviews of loan files and data to identify any inconsistencies, errors, or missing information. Perform data validation and verification to ensure data integrity throughout the loan process
Stay up to date with relevant federal, state, and local consumer loan regulations, including but not limited to Truth in Lending Act (TILA), Consumer Financial Protection Bureau (CFPB) guidelines, and fair lending practices
Adhere to internal policies and procedures, ensuring compliance in all loan processing activities
Communicate effectively with internal and external teams, including loan officers and indirect finance teams, to provide timely and accurate updates on funding status and delays
Qualification
Required
High school diploma or equivalent is required; additional education or certification in banking, finance, or related field is a plus
A minimum of one year of proven experience as a consumer lending processor or in a similar role within the financial industry is required
In-depth knowledge of consumer loan regulations, policies, and procedures
Familiarity with loan processing software and systems
Strong attention to detail and accuracy
Excellent organizational and time management skills
Ability to work effectively in a fast-paced and deadline-driven environment
Excellent communication and interpersonal skills
Proficient in using computer applications, including word processing and spreadsheet software
Company
Nutmeg State Financial Credit Union
Nutmeg State Financial Credit Union is a commercial lending, banking and mortgage service based in Connecticut.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
John Holt
Chief Executive Officer
Recent News
Hartford Business Journal
2026-02-06
Hartford Business Journal
2025-11-26
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