Loan Processor - Entry Level Job at KNF&T Staffing Resources

KNF&T Staffing Resources Waltham, MA

Loan Processor

Education: HS Graduate

Prior Exp: One-year financial institution

Summary: Process Loan applications. Answer member inquiries – CSR

Duties and Responsibilities:

Transcribe loan by phone applications

Process Loans:

Pull member information from Fiserv

Pull credit reports (analyze and prepare for Credit Committee review)

Input information into LMS, calculate book values, debt to income ratios and print for review

Fax to branches, prepare adverse action letters, approved letters, disburse funds, prepare loan notes and bases

Analyze member’s direct deposit and set loans for direct payment

Phone Calls:

Assist members with loan payoffs

Calculate loan payments and quote loan rates

Answer member questions on existing loans

Cross sett GAP insurance program and extended warranty program

Assist members with questions about loan process and paperwork required for each type of loan

Vehicle Titles:

Prepare title envelope

Check for errors (year, make and model) verify VIN numbers and name

Send out missing title notices

Enter title into Fiserv system

Prepare lien release statements

Paid Loan Notes:

Send out paid loan notes

Release titles and enter information onto excel program

Assist Credit Department with basic questions

Job Types: Full-time, Contract

Pay: From $18.00 per hour

Benefits:

  • 401(k)
  • Dental insurance
  • Health insurance
  • Paid time off
  • Vision insurance

Schedule:

  • 8 hour shift
  • Monday to Friday

Ability to commute/relocate:

  • Waltham, MA: Reliably commute or planning to relocate before starting work (Required)

Experience:

  • Customer service: 1 year (Required)

Work Location: One location




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