Responsible for the collection, validation, analysis, and review of all the data and documentation for a consumer loan application.
Primary Responsibilities & Duties
· Responsible for reviewing consumer loan application data for completeness and accuracy.
· Responsible for staying current on all communicated compliance information and following guidelines to ensure compliant consumer loans.
· Communicates with the Member and/or Originator regarding the processing status of the loan.
· Responsible for generating appropriate loan closing documents for both Servicing and Call Center loans.
· Accountable for auditing all closing documents to ensure correct execution according to closing checklist.
· Communicates with loan originator or member to request any missing, incorrectly executed or required documentation.
· Responsible for monitoring pipeline and following up all needed documentation.
· Responsible for updating the XP2 system to record documentation that is requested and received and following up to ensure the requests are completed.
· Communicates with both Servicing and Call Center when loans are cleared for funding.
· Responsible for submitting the completed loan file to records for imaging and retention.
· Assumes additional responsibilities as necessary for the continued growth and advancement of the Credit Union.
Specific Skills
· Ability to communicate effectively in person, over the telephone and through written correspondence.
· Ability to analyze consumer loan application documents according to Everwise guidelines.
· Thorough knowledge of compliance and consumer lending guidelines.
· Computer literacy, data processing knowledge (Windows environment). Data entry skills required.
Accountability
· Responsible for the accurate presentation and analysis of consumer loan applications within targeted time frames and current lending guidelines.
· Responsible for meeting service commitments for closing, funding, and booking consumer loans.
· Accountable for Performance Management Goals as agreed upon with Supervisor.
· Accountable for understanding and applying government laws and regulations and Everwise policies and procedures relating to the Anti-Money Laundering Regulations including but not limited to the Bank Secrecy Act (BSA), US PATRIOT ACT and OFAC.