Consumer Loan Processor

Job Type

Full-time

Description

The Federal Savings Bank, a leading private bank and national lender, is seeking a Consumer Loan Processor to support the Consumer Loan Division in our Chicago, IL headquarters. The Federal Savings Bank Consumer Loan Processor is responsible for end-to-end processing of our secured HELOC, HELOAN, or unsecured personal loans. Their function is to review, analyze, and submit loan documents to Underwriting and Closing based on guidelines and with a focus on efficiency and quality.

This position is based in our Chicago (Logan Square) corporate headquarters. Qualified candidates must reside a commutable distance at the time of application to be considered. Employee must be able to work onsite 3 days per week.

Responsibilities and Duties :

• Daily utilization of Encompass and MeridianLink loan originations software
• Set and maintain proper expectations with all parties on the loan file
• Analyze credit, income, assets, and collateral documents prior to submitting to Underwriting
• Ensure loan files are complete and meet guidelines prior to Underwriting
• Clear loan conditions and communicate effectively with Sales, Processing, Underwriting, and Closing teams
• Order title, appraisal, hazard insurance, flood insurance, payoffs, and analyze them prior to closing (as applicable)
• Review and analyze title for all requirements and address any issues, insurance coverage for mortgagee
• Maintain loan file compliance while managing pipeline of various volume levels
• Work effectively under specific time constraints and meet end-of-month deadlines
• Complete the Bank's customer service training and apply it to all communication with borrowers, vendors, and internal team members

Requirements

Job Requirements :

What We Offer :

The Federal Savings Bank is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

Salary Description

$50,000 - $60,000 base salary + bonus