Consumer Loan Processor

United States-IL-Rolling Meadows
Work Status
Full-Time
Department
Consumer Finance
FLSA Status
Non-Exempt
Requisition ID
2017-1753

Start a Rewarding Career with Alliant

Why Alliant?

We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.

 

Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

 

What will your day look like?

You will be responsible for supporting the origination of consumer loans by handling a variety of tasks to prepare the loan for funds disbursement in accordance with the loan policies.  Work involves routine difficulty in reviewing loan and membership documents and performing complex income calculations, collateral valuations, asset verifications, identification verifications, and other tasks as assigned, all of which result in the preparation of loan funding instructions. Additional tasks include utilizing good judgment to approve loan approval overages in accordance with delegated authority. Resources to do the job require reliance on technical knowledge of credit union policy and compliance with loan procedures, as well as familiarity with consumer loan products, terms, and ancillary products.

Responsibilities

Do you see yourself doing this?

  • Works closely with member and loan consultant to gather and review all required loan documentation required for loan closing and funding
  • Reviews income verifications and calculates income in accordance with Alliant procedures
  • Acts as the final step before loan funding in ensuring that all documents which are required for the loan have been received, verified and are in compliance with approved loan terms.
  • Clears Fraud or OFAC alerts as well as other credit bureau issues
  • Ensures timely delivery and follow up on all member correspondence and documentation regarding the loan and payment set-up to ensure a positive, professional, and expedited   member borrowing experience
  • Properly documents any exceptions to standard processing procedures

 

 

Qualifications

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor’s degree, 4-5 years in direct or indirect consumer loan closing, processing, or underwriting or equivalent combination training and experience in a fast paced consumer lending environment. In addition, you have:

  • Proficient knowledge of Microsoft Word and Excel required  
  • Strong math skills required

 

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off

 

Still not convinced?

We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

 

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