Indirect Loan Processor

Title : Indirect Loan Processor

Location : 8945 Cal Center Drive Sacramento, CA

Schedule : Onsite M-F (9am-6pm)

Employment type : 6-month contract

Compensation : Set hourly rate of $21.29

Start Date : ASAP

Required Skills:

• Open to Call Center, retail experience, or no banking experience
• Experience with processing high call volumes
• Contact Center and Consumer Loans experience (preferred not mortgage lending)
• Experience with processing loan documentation, payments, etc.

GENERAL DESCRIPTION:

Receives, reviews, audits and disburses loan applications through the Credit Union Direct Lending program to maintain quality of program, ensure accuracy of loan information, and provide member and dealership satisfaction.

TASKS, DUTIES, FUNCTIONS:

1. Receive and audit appropriate paperwork sent from the vehicle dealerships. Research and identify missing information and communicate discrepancies with dealership personnel. Perform verifications on application data to ensure accuracy prior to funding.

2. Ability to identify red flags in loan documentation in order to avoid potential fraud.

3. Determine whether loan warrants disbursal per guidelines.

4. Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.

5. Fund appropriate monies to dealerships with the appropriate administrative fee.

6. Assist department staff with gathering information and preparation of reports.

7. Communicate and interact with department management and staff to provide information on loan status.

8. Help in other areas within Lending as assigned.