Indirect Loan Processor

Job description

Overview Working at Arkansas Federal Credit Union GENERAL DESCRIPTION OF POSITION: In this position, one must possess the ability to obtain the necessary information to process consumer loans and home equity loans to members through the Lending Platform and complete appropriate supporting documentation. This person is also responsible for preparing all required documents for loan closing and delivering them to the appropriate branch staff. All loans will be subsequently examined for accuracy and completeness. 1. Remain current on all Lending Regulations as they pertain to consumer and real estate loans. 2. Responsible for verification of all CIP/Red Flag regulations dealing with the opening of new memberships. 3. The Loan Processor is responsible for determining if the loan meets all established criteria identified in the loan review process to fund and book the loan by the specified daily deadline. If the loan does not meet the required criteria the processor is to identify and communicate the exceptions to SR Management for review. 4. Responsible for the review of all Indirect loan documentation to verify that each loan fits into the guidelines set forth by the Indirect Lending P...