Loan Processor

Job Description

Job Description

NY TEAM Federal Credit Union is seeking a detail-oriented and member-focused Loan Processor to join our growing team. The ideal candidate will have experience processing Home Equity Loans, Mortgages, Personal Loans, and other consumer lending products while providing exceptional service to our members throughout the lending process.

Primary Responsibilities:

• Process and prepare Home Equity Loans, Home Equity Lines of Credit (HELOCs), Mortgages, Personal Loans, Auto Loans, and other consumer loan products.
• Review loan applications for completeness and accuracy.
• Collect, verify, and analyze supporting documentation including income verification, tax returns, credit reports, appraisals, title reports, and insurance documentation.
• Coordinate with members, loan officers, underwriters, attorneys, title companies, and third-party vendors to ensure timely loan closings.
• Monitor loan pipelines and maintain status updates throughout the approval and closing process.
• Ensure all loan files comply with Credit Union policies, federal and state regulations, and lending guidelines.
• Prepare closing packages and review loan documents prior to funding.
• Assist members with loan-related questions and provide outstanding member service.
• Maintain accurate records and electronic loan files.
• Support quality control and post-closing review processes.
• Cross-sell Credit Union products and services when appropriate.

Qualifications:

• Minimum 2 years of loan processing experience, preferably within a Credit Union, bank, or mortgage lending environment.
• Strong knowledge of Home Equity Loans, HELOCs, Mortgage Lending, and Consumer Lending products.
• Understanding of loan documentation, underwriting requirements, and lending regulations.
• Experience reviewing credit reports, income calculations, title reports, and appraisals.
• Excellent organizational skills with the ability to manage multiple loans simultaneously.
• Strong attention to detail and accuracy.
• Proficiency in Microsoft Office and loan origination systems.
• Excellent communication and member service skills.
• Ability to work independently and collaboratively in a team environment.

Preferred Qualifications:

• Experience working in a Credit Union environment.
• Familiarity with mortgage compliance requirements including TRID, RESPA, and HMDA.
• Knowledge of secondary market mortgage processing.
• Bilingual candidates encouraged to apply.

Benefits:

• Competitive salary based on experience
• Medical, Dental, Insurance
• 401(k) Retirement Plan
• Paid Time Off
• Paid Holidays
• Professional Development Opportunities

Join a team dedicated to helping members achieve their financial goals while providing exceptional service and personalized lending solutions.