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Consumer Loan Processor

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U.S. Bank

2mo ago

  • Job
    Full-time
    Junior Level
  • Customer Relations
    Banking & Finance
  • United States
    Remote

AI generated summary

  • You need 1-2 years in loan processing, knowledge of policies, underwriting, and credit. Must have strong communication, multitasking abilities, attention to detail, and proficiency in Microsoft Office.
  • You will prepare loan packages, gather and review documentation, communicate with stakeholders, resolve issues, and provide administrative support while working remotely or on-site three days weekly.

Requirements

  • One to two years of experience in loan processing activities
  • Basic knowledge of loan processing policies and procedures
  • Basic knowledge of underwriting and governmental agency requirements, terminology, and automated processing systems
  • Some knowledge of credit policies and approval process for assigned products
  • Ability to manage multiple tasks/projects and deadlines simultaneously
  • Effective verbal and written communication skills
  • Proficient computer skills, especially Microsoft Office applications
  • Ability to identify and resolve exceptions and to interpret data
  • Previous loan processing or banking experience
  • Attention to detail with a high level of accuracy
  • Experience in meeting daily production goals
  • Proficient computer skills

Responsibilities

  • Prepares consumer loan packages according to bank, regulatory and investor guidelines by gathering and reviewing the necessary documentation and information within designated time frames. Communicates with customers, staff, lenders, counsel, etc. to respond to inquiries, resolve problems and obtain all documentation required to complete the file. Provides other administrative support to the department as required. This role is posted as remote; however, candidates who are located near any one of our locations would be required to work on site at least three days per week.

FAQs

What is the primary responsibility of a Consumer Loan Processor at U.S. Bank?

The primary responsibility is to prepare consumer loan packages according to bank, regulatory, and investor guidelines by gathering and reviewing necessary documentation and information within designated time frames.

Is prior experience required for this role?

Yes, candidates should have one to two years of experience in loan processing activities.

What skills are preferred for this position?

Preferred skills include basic knowledge of loan processing policies and procedures, understanding of underwriting and governmental agency requirements, effective communication skills, and proficiency in Microsoft Office applications.

What does the work schedule look like for this position?

The work schedule is Monday to Friday, from 9:30 AM to 6:00 PM.

How many days a week is remote work allowed?

Candidates must work on site at least three days per week.

Are there opportunities for career growth within U.S. Bank?

Yes, U.S. Bank offers a wide range of opportunities for career growth and skill development.

What benefits do U.S. Bank employees receive?

Benefits include healthcare options, life insurance, disability coverage, parental leave, 401(k) retirement plans, paid vacation, paid holidays, adoption assistance, and sick leave accrual.

Does U.S. Bank have a diversity and inclusion policy?

Yes, U.S. Bank is committed to creating a diverse workforce and considers all qualified applicants without regard to various factors such as race, gender, or disability.

What is the salary range for the Consumer Loan Processor position?

The salary range is $20.00 to $22.00, depending on the location and qualifications.

Are background checks required for employment at U.S. Bank?

Yes, background checks are conducted in compliance with applicable local laws and federal guidelines.

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U.S. Bank

Finance
Industry
10,001+
Employees
1863
Founded Year

Mission & Purpose

U.S. Bancorp, with nearly 70,000 employees and $554 billion in assets as of December 31, 2020, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with digital tools that allow customers to bank when, where and how they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial, corporate, and investment customers across the country and around the world as a trusted and responsible financial partner. This commitment continues to earn a spot on the Ethisphere Institute’s World’s Most Ethical Companies list and puts U.S. Bank in the top 5% of global companies assessed on the CDP A List for climate change action.

Benefits

  • You choose how to save and invest through before-tax and/or Roth after-tax contributions and a variety of investment options. You’re immediately vested and receive a 100% company match up to 4% of eligible pay after a year of service.

  • Premier support – Experience an elevated level of personalized and unified support when you have questions or concerns or when you need expert support related to your UnitedHealthcare/Optum medical, prescription, mental and behavioral health, and Health Savings Account benefits. Y

  • An HSA provides a tax-advantaged means for you to save and pay for qualified healthcare expenses, including doctor and dentist visits, prescriptions, glasses, contact lenses and more. Enroll in a U.S. Bank HSA Advantage medical plan to contribute and to receive up to $750 (if you cover yourself) or up to $1,500 (if you cover one or more family members) annually from U.S. Bank.