Loan Processor

Job Description

Job Description

Please Note: This is a Utah-based hybrid position, which will require some regular in-office days each week. Additionally, employment with Medallion Bank is contingent on passing both a background check and maintaining a clean background.

Who we are:

At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it! 

How You Will Support The Team:

We are seeking a highly motivated and results-driven Loan Processor to join the team and be responsible for processing loan stipulations in the recreational lending program.  You will assist loan officers in gathering and verifying approval stipulations such as calculating and verifying income and figuring loan advance based on program guidelines.  Also includes the timely and accurate data entry of the applications and training of other loan processors as assigned.  You will assist all areas in answering calls from dealers and assisting them with their needs.  Performs other duties as necessary to support the goals and objectives of the department.

What We Are Looking For:

• Provide timely, accurate and efficient application data entry.
• Process approved applications and complete required verifications.  Including income calculation, collateral valuation, and third-party verifications.
• Work with dealers to provide professional customer service to develop and strengthen dealer relations.
• Assist in the training of loan processors to complete required verifications of stipulations by loan officers.
• Work to maintain and increase productivity within the department.
• Performs other duties as assigned.

You would be a GREAT fit with these skills: 

• Strong written and verbal communication and interpersonal skills.
• Exceptional experience in effective application processing.
• Self-motivated and hard working.  Must be able to handle multiple functions simultaneously and function in a high-pressure environment.
• Team player.
• Basic computer skills.
• Intermediate math skills for income calculation.
• Ability to successfully work in a team environment.
• Ability to make sound decisions and communicate decisions effectively.
• Keyboard and accurate typing skills with a recommended minimum of 35 wpm.

Level of Experience:

• High school diploma or equivalent required

What’s in it for YOU?

• Office-based, with the ability to work from home 2 days per week.
  • Shift: Full time, 35-40 hours per week
  • May require evening and weekend availability based on business needs
• Comprehensive benefits including medical, dental, vision, disability, and life insurance
• 401K with a company match
• PTO including 11 federal paid holidays off, vacation time and sick time
• Financial Wellness Program
• Volunteer Opportunities
• Awesome company culture and co-workers who love to work here!. 
• Work Life Balance – We don’t use that term lightly!
• Company Wide Open Door Policy