The Loan Processor is responsible for the overall processing of loans, including general support for business development staff members, loan booking preparations, and loan document preparations. In addition, this position gathers the necessary information to process and complete loan files and examines documents to ensure accuracy and compliance with company underwriting guidelines. The role of a Loan Processor does come with progression. Loan Processors are evaluated on daily/monthly metrics to determine if they are eligible to move tiers thus increasing their daily production. Tier movement leads to further potential for advancement in the Fulfillment Department.
ESSENTIAL DUTIES AND RESPONSIBILITIES include achieving positive results in the following key areas:
- Understand and demonstrate the principles of the companys Mission, Vision, and Values.
- Performs clerical and administrative support activities related to obtaining auto loans for borrowers.
- Prepares papers and assembles supporting loan documents to obtain loans for borrowers.
- Forwards applications for loans via the online portal, and other related documents to management for approval when required.
- Receives approval of company and orders preliminary title reports showing financial transactions, conditions, and restrictions upon which vehicle sale is based.
- Other duties as assigned.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Knowledge, Skills, And Abilities
- Adobe: Excellent computer skills
- Mapping / MS Office experience
- Experience: A minimum of year (1) years of related experience in a consumer loan environment preferred. Must be able to manage multiple, simultaneous priorities/projects, have accountability for task results. Must be familiar with a variety of auto finance concepts, practices, and procedures in order to perform a variety of time sensitive tasks requiring attention to detail.
- Language/Communication/Interpersonal: Ability to speak read and write fluent English. Strong verbal and written communication skills.
- Mathematical Skills: Ability to calculate figures, proportions and percentages.
- Analytical: Detail-oriented with ability to organize, prioritize and work independently. Strong reasoning and critical thinking skills
- Reasoning Ability: Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving concrete variables in standardized situations.
- Technical: Comfort with Microsoft Office, with intermediate Excel ability.
- Other: High level of personal motivation, professionalism, and integrity required. Ability to exercise discretion and judgment.
