Senior Consumer Loan Processor Job Description

This Senior Consumer Loan Processor job description is good for hiring the perfect candidate as it outlines the key responsibilities and qualifications for the role. It emphasizes the importance of attention to detail, customer service, and regulatory compliance, which are critical for success in this position.

To customize this job description for your own needs, you can tailor the specific qualifications, such as desired years of experience or types of loans handled, to align with your company’s requirements. You can also add additional responsibilities or skills that are important for your organization, such as knowledge of specific software systems or additional communication requirements.

Job Description Brief :

We are seeking a highly motivated Senior Consumer Loan Processor who has a passion for delivering excellent customer service and is experienced in processing and underwriting loans. The ideal candidate will have strong attention to detail, the ability to multi-task in a fast-paced environment, and excellent communication skills. The Senior Consumer Loan Processor will be responsible for reviewing loan applications, verifying credit information, underwriting loans, and ensuring compliance with loan policies and regulatory requirements.

Key Responsibilities :

• Review loan applications, credit reports, and other credit information to assess creditworthiness.
• Verify income, employment history, and other financial information to ensure loan eligibility.
• Underwrite loans based on credit policies, guidelines, and procedures.
• Communicate with loan officers and customers regarding loan approvals, conditions, and requirements.
• Monitor loan application pipelines and maintain timely communication with borrowers.
• Ensure compliance with legal, regulatory, and internal policy requirements.
• Make recommendations regarding loan approvals and denials based on financial analysis and risk assessment.
• Maintain accurate and complete loan files and records.
• Provide exceptional customer service and support.
• Assist in training and mentoring junior loan processors.

Required Qualifications and Skills :

• Bachelor’s degree in Business Administration, Finance, or related field preferred.
• 5+ years of experience in loan processing and underwriting.
• Strong understanding of credit policies, guidelines, and underwriting.
• Excellent analytical and problem-solving skills.
• Detail-oriented with strong organizational skills.
• Ability to work independently with minimal supervision.
• Excellent communication skills, both written and verbal.
• Strong customer service skills.
• Ability to multitask and work in a fast-paced environment.
• Proficient in Microsoft Office Suite and loan origination software.

Education and Experience Requirements :

• Bachelor’s degree in Business Administration, Finance, Accounting or a related field preferred.
• Minimum of 5 years experience in loan processing and underwriting.

Physical Requirements :

• None Specified

Work Schedule and Conditions :

• This position is full-time, requiring 40 hours per week.
• Standard office hours are from 9:00 AM to 5:00 PM.

Compensation and Benefits :

• We offer competitive compensation packages that include comprehensive benefits and retirement plans.

Company Culture and Values :

• Our company values teamwork, integrity, and accountability. We are committed to delivering exceptional customer service and providing a positive and supportive work environment for our employees.

Career Advancement Opportunities :

• This position offers career advancement opportunities for motivated individuals who demonstrate excellent performance and a commitment to our company’s values.

Application Process and Contact Information :

• To apply, please submit your resume and a cover letter outlining your qualifications and experience.
• Contact Information: [Insert contact information here]