Consumer Loan Processor

Job Description

Job Description

We are looking for a dedicated Consumer Loan Processor to join our team in Littleton, MA. This long-term contract position offers a hybrid work environment, with two days in the office and three days remote following a four-week training period. In this role, you will play a crucial part in supporting the lifecycle of consumer loans, ensuring all documentation is accurate, compliant, and processed efficiently.

Responsibilities :

• Prepare and review loan documentation for direct and indirect consumer loans, ensuring accuracy and adherence to regulatory requirements.
• Establish and maintain loan files, process payoffs, and ensure proper recording of loan transactions.
• Assist underwriters by entering and updating loan applications and preparing approved contracts for funding.
• Conduct quality control reviews of documentation packages to confirm completeness and accuracy before booking.
• Respond to customer inquiries regarding loan balances and payoffs, providing excellent administrative support.
• Facilitate audits by preparing necessary loan documentation and addressing compliance-related inquiries.
• Adhere to industry regulations, including ensuring compliance with relevant laws and organizational policies.
• Support the loan origination process by maintaining accurate records and collaborating with internal teams to meet deadlines.
• Provide guidance on consumer lending processes and help resolve issues related to loan administration.
• Minimum of 3 years of experience in loan processing, consumer lending, or a related field.
• Proficiency in loan origination, administration, and consumer credit practices.
• Strong knowledge of consumer banking and lending regulations.
• Ability to review and process loan documentation with attention to detail and accuracy.
• Familiarity with compliance standards, including industry-specific laws and guidelines.
• Excellent organizational and communication skills to manage inquiries and support audits effectively.
• Capability to work independently and collaboratively in a hybrid work environment.
• Experience with loan systems and tools used for processing and maintaining records.