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Loan Processing Specialist

Labor Credit Union

Location: District of Columbia, DC

Schedule: Full-time

Position Overview

The Loan Processing Specialist will be responsible for efficiently processing consumer loan applications and ensuring compliance with company policies, procedures, and regulatory requirements. The primary goal will be to facilitate the loan origination process by accurately collecting, verifying, and analyzing the necessary documentation required as part of the loan approval and prior to funding the loan requests.  Sending appropriate loan documents to obtain member’s signatures, and disbursing the funds based on the stipulations set by the underwriter or policy.

Primary Duties & Responsibilities:
  • Contact members to follow up on approved applications to inform them of the decisions and needed supporting documents.
  • Verifies that all required documentation has been received; follows up and requests missing information, analyzes the information gathered, reconciles the income, and collateral values to ensure these meet the stated requirements by underwriting.
  • Reviews final loan terms with members before sending loan documents for members to sign.
  • Once signed loan documents are disbursed received, disburses loan proceeds according to the underwriter’s stipulations and the terms set forth in the loan agreement.
  • Back-up for title processing and daily/weekly reporting
  • Identify opportunities to streamline loan processing procedures, enhance efficiency, and improve the overall member experience.
  • Other duties as assigned.

 

Education & Experience

  • High School Diploma or some college is preferred.
  • One to two years of working in a financial services environment, lending experience is preferred.

Requirements

  • Excellent Communication Skills with both Loan Advisors and members
  • Ability to work efficiently under pressure to meet deadlines.
  • Acute attention to detail
  • Ability to manage a pipeline of 60-70 applications.
  • This is a hybrid role. Must have a quiet, dedicated space at home that will be secure to protect non-public information. Must have high-speed internet and/or secure Wi-Fi network access at location.

How to Apply

Please send your resume/application via https://dolfcu.org/careers/.

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