Loans Processor

The Loans Processor reviews and processes loan applications of members. In this position, the main goal is to help eligible members obtain loan in an orderly and timely manner.

Job Description:

• Receives application form from members/AMPC Customer Service

• Reviews application for regular, promo, and mortgage loans to ensure the following:

  • Accuracy and completeness of submitted information and documentary requirements
  • Accuracy of loan type applied
  • Compliance of members’ applied loan with the Company’s internal eligibility requirement or the Coop’s general loan eligibility requirement in the absence of the former
  • Member has no past due loan amortization

• Handles additional requirements for mortgage loans:

  • Processes remittance of MRI for Long-Term Housing Loan to third party provider
  • Safekeeps HLLT title and other documents
  • Verifies the projected interest income

• For members with lacking requirement and approved loan amount via communication channels prescribed by Ayala Coop

• Updates loan status file

• Prepares summary of start/stop advice

• Prepares request for refund for submission to Accounting Department

• Prepares and sends list of loans processed to Treasury for uploading of loan proceeds

• Perform other tasks that maybe assigned by immediate supervisor.

Job Qualification:

• Bachelor's degree in any Business course or relevant field.
• Proven experience as a Loan Processor or similar role, at least minimum two years of relevant work experience
• In-depth knowledge of loan procedures and documentation processes
• Excellent communication and customer service skills
• Well-organized and able to handle pressure
• Excellent attention to detail and with high level math skills
• Proficient in any loan computer software and MS Office