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Consumer Loan Processor - Underwriter

Company: Arsenal Credit Union
Location: Arnold
Posted on: August 7, 2022

Job Description:

Arsenal Credit Union is a $350M federally insured, state-chartered, award-winning credit union. Our focus is to provide excellent service to our members through our branch network, digital banking channels, member solutions center, and back-office support departments.We have an opening for a Consumer Loan Processor at our headquarters in Arnold, MO.The Loan Processor is responsible for assisting the credit union and its members in a centralized underwriting environment. This position will be responsible for mining/sourcing loan applications for opportunities to assist members and assisting with various administrative duties to support the Lending Department, including cross-training in sales and other areas as needed. The Loan Processor will be part of a team rotation for the queue approving indirect auto loans. The typical rotation for the queue is once a month, covering after-hours, which will be discussed in detail during the in-person interview.Loan Processor Responsibilities:

  • Approving and underwriting loans
  • Responsible for scrubbing member credit bureaus to look for opportunities to improve members' financial situation.
  • Ensure completion of loan packets and documents from Credit Union Lending Systems (CULS) and booking the loans to the core.
  • Cross-training to help identify new loan opportunities by phone, written correspondence, or external sales calls.
  • Handle various duties relative to processing loans and loan applications of the credit union.

    • Requires high school diploma, some college preferred
    • Minimum 3 - 5 years experience including extensive experience with loan documentation and underwriting
    • Exceptional skills in credit mining and looking for loan solutions for members
    • Strong attention-to-detail
    • Solid communication, analytical and organizational skills required
    • Thorough knowledge of financial and operational functions
    • Working knowledge of applicable lending regulations
    • Proven sales experience and looking for additional loan opportunities beyond loan applications from the credit bureaus
    • Must have NMLS and Notary Public (or the ability to obtain within 3 months of hire)Why Should You Apply?When you work at Arsenal, it is more than a job. You are part of a mission that puts helping people above all else. With up to eight hours of paid volunteer time each year, we reach out to the communities we serve!On-the-job training and Career Growth Opportunities - our goal is to provide all the training necessary for our new team members to feel secure and confident in their roles and learn and advance their careers with Arsenal Credit Union.Benefits include:
      • 401k Retirement Plan with up to 5% company match
      • Paid Time Off
      • 11 Paid Holidays each year
      • Health, Dental, and Vision Insurance options
      • FREE Group Term Life Insurance
      • FREE AD&D Insurance
      • FREE Long/Short-Term DisabilityArsenal Credit Union is an EOE/M/F/Disability/VeteranPM21PI186683633

Keywords: Arsenal Credit Union, Springfield , Consumer Loan Processor - Underwriter, Other , Arnold, Illinois

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