Consumer Loan Processor

First Financial Federal Credit Union is a not-for-profit financial cooperative providing banking products and services to its members in Monmouth and Ocean County.  Our goal is make a first rate difference in our Member’s lives by providing the highest level of quality products and personalized services while maintaining financial integrity and stability.  We have been putting people first and enriching our Member’s lives since 1936 by identifying their needs and providing trustworthy and value added solutions.

First Financial Federal Credit Union is a technology driven organization with efficient systems and easy to deliver products.  We are par with community banks and can provide you with the kind of environment where your skills and talents can make a difference that will be noticed.

Summary:  This position is responsible for interviewing consumer and mortgage loan applicants, and originating and processing consumer and mortgage loan applications. 

Responsibilities:

• Understands and follows all Bank Secrecy Act regulations.
• Registers for NMLS and completes required training.
• Gathers background information on loan applicants by interviewing loan applicants at the branch locations or by phone.
• Pulls credit reports for all accounts, verifies debts, estimates monthly payments for any outstanding debts not listed, and adds them to debts on application.
• Coordinates closings with attorneys, title companies and branches for consumer loans.
• Inputs approved mortgage and consumer loans onto the data processing system and funds the loan closings.
• Quality control of appraisals, title updates, plot plans and surveys for mortgages.
• Prepares closing documents as necessary. Reviews returned closing packages for accuracy and compliance. Follows-up on pending documentation to ensure the completion of the file.
• Answers member phone inquiries for mortgage or consumer loan information or maintenance.
• Booking and funding of loans.
• Submits loans to Freddie Mac using loan prospector software.
• Coordinates subordination requests for approval by the Vice President of Lending.
• Collects, audits and submits HMDA information quarterly and annually.
• Handles loan servicing including escrow and PMI disclosures and analysis.
• Makes calls/cross sells additional loan products.

Note:  The list of essential functions is not exhaustive.  It may be supplemented as necessary from time to time.

Additional Functions:

• Supports the consumer loan staff.

Qualifications:

• HS Diploma or equivalent
• 1 year to 2 years similar or related experience.
• Proficient in MS Office, especially Excel.
• Good organizational skills and able to multitask.
• Strong interpersonal skills.
• Ability to comprehend simple instructions, short correspondence and memos.
• Able to apply common sense understanding to carry out detailed written or oral instructions.
• Ability to research, collect, and analyze data.
• Creative at problem solving and developing alternative solutions.
• Accuracy and attention to detail.
• Strong verbal communication skills.
• Able to present information in one-on-one and small group situations.  Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions.

• Good basic math skills.

As a First Financial employee, you'll enjoy a challenging work environment.  We offer a great benefits package including Medical, Dental, Rx, Vision, Life Ins., Retirement Plans, Vacation, Sick and Personal.  

All your information will be kept confidential according to EEO guidelines.