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Loan Processing Tech

Full-Time

One Nevada Credit Union
Las Vegas, NV

Posting Date: August 20, 2014
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Job Description:

Loan Processing Tech I

Job Code: 240

Description

One Nevada Credit Union has a wonderful experience for an experienced individual with a consumer lending professional!

LP Tech I: The Consumer Loan Processing Technician I will generate and fund approved consumer loans, perfect security interest on loans, provide regulatory and internal compliance review on loan

Loan Processing Tech Duties and Responsibilities

Production 65%

  • Generates loan documents on approved loans;
  • Inputs, processes, and funds dealer loan requests;
  • Corresponds with member via e-mail, phone, mail or fax to obtain required documentation to process and fund loans;
  • Receives and match loan files to daily new loan report;
  • Final quality control may require communicating with branches and members for follow-up of loans not received or incomplete loan packets;
  • Processes all loan change requests;
  • Reviews, processes, updates, and maintains current the Deposit Secured Loan Report;
  • Processes credit life and disability claim reports and processes approved payments via ACH system;
  • Processes verifications of deposit, credit ratings and loan payoff requests of members’ account as requested via mail, fax, or in person;
  • Reviews and releases members’ collateral documents on paid loans as identified on the Paid Loan Report;
  • Prepares and mails paid loan documents to members;
  • Prepares titling instruments and other related documents accepted as collateral and forward to appropriate public agencies for proper lien perfection;
  • Receives and matches perfected titles, recorded liens, and other collateral with applicable loan file;
  • Maintains vehicle title tracking information in appropriate automated loan processing screens during processing and upon receipt of perfected titles as received;
  • Orders loan payment coupon books per member or branch request;
  • Prepares manual adverse action letters as requested;
  • Processes checks from auto insurance companies received as settlement for claims;
  • Order and maintain supplies for Loan Processing department within established department budget;
  • Prepares checks to Department of Motor Vehicle for processing title requests;
  • Receives and distribute mail for Loan Processing department;
  • Communicates with branches, dealerships and members for follow-up of required or incorrect information for loan requests;
  • Places all confidential information and loan files in loan vault and secures loan vault door at end of work day;
  • Performs opening, balancing and closing branch procedures;
  • Draft updates to desk top procedures on new products;
  • Scans and retrieves loan documents and titles from optical;
  • Train other employees; and performs other duties as assigned.

Quality Control 35%

  • Verifies accuracy of information on quality control form and in automated credit system prior to generating loan documents;
  • Reviews completed consumer loan packages for accuracy and adherence to Credit Union policies, and guidelines;
  • Reviews all funded consumer loans for compliance to state and federal laws and regulations;
  • Reviews all title documents for accuracy to meet requirements of various states to complete title perfection;
  • Communicates with branches and members for follow-up on signed loan packages for inaccurate or missing information of required; and
  • Verifies accuracy of information requested prior to releasing information or making changes to member loan accounts.

Loan Processing Tech Knowledge, Skills and Abilities

  • Thorough knowledge of consumer lending procedures;
  • Thorough knowledge of dealer loan processing procedures;
  • Thorough knowledge of documentation and title perfection requirements for different states’ Department of Motor Vehicle offices;
  • Thorough knowledge of automated consumer lending systems;
  • Thorough knowledge of compliance and ONCU policy and procedures as it relates to document processing;
  • Thorough knowledge of alpha filing system;
  • Knowledge of personal computer and the ability to create reports and documents;
  • Skill in the operation of a personal computer to include Internet/Intranet, operating system, word processing, calendar, and scheduling software;
  • Ability to operate a fax, photocopy machine, and various office equipment;
  • Ability to calculate income;
  • Ability to communicate effectively, both verbally and in writing;
  • Ability to establish and maintain effective working relationships with other employees and members;
  • Ability to prioritize work flow and handle multiple tasks;
  • Ability to lift 25 pounds;
  • Ability to maintain regularly scheduled attendance;
  • Ability to train other employees utilizing a training plan and current procedures; and
  • Must be able to relate appropriately to other people beyond giving and receiving instructions: (a) can get along with co-workers or peers without exhibiting behavioral extremes; (b) perform work activities requiring negotiating, instruction, and communicating with others; and (c) respond appropriately to constructive feedback from a supervisor.

Education and Experience

  • A high school diploma or GED equivalent and two years progressively responsible experience in consumer loan processing.
  • Must complete Certificate in Quality Service within 12 months of position acceptance.

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Related Categories:

Bank Teller · Branch Manager · Financial Services Representative · General Banking · Loan Processor · Loan Underwriter · Loan/Mortgage Officer

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