What are the responsibilities and job description for the Part Time Loan Processor position at NY TEAM FCU?
Job Overview
We are seeking a detail-oriented and organized Loan Processor to join our dynamic team in the financial services industry. The ideal candidate will play a crucial role in the loan origination process, ensuring that all documentation is accurate and compliant with applicable regulations. This position requires a strong understanding of FNMA guidelines, Fair Housing regulations, and the ability to perform credit analysis effectively.
Responsibilities
- Review and verify loan applications for completeness and accuracy.
- Collect necessary documentation from borrowers, including financial statements and contracts.
- Conduct credit analysis to assess borrower eligibility and risk factors.
- Ensure compliance with TILA and Fair Housing regulations throughout the loan processing cycle.
- Collaborate with escrow agents to facilitate smooth transactions.
- Maintain clear communication with borrowers, lenders, and other stakeholders throughout the loan process.
- Utilize basic math skills to calculate loan amounts, interest rates, and payment schedules.
- Prepare loan files for underwriting review and ensure all necessary information is included.
Requirements
- Previous experience in loan processing or a related role within financial services is preferred.
- Familiarity with FNMA guidelines and escrow processes is highly desirable.
- Strong understanding of Fair Housing regulations and TILA compliance.
- Excellent organizational skills with a keen attention to detail.
- Proficient in credit analysis and basic math skills.
- Ability to work independently as well as part of a team in a fast-paced environment.
- Effective communication skills, both written and verbal.
Join us in providing exceptional service to our clients while ensuring compliance and accuracy in the loan processing journey. We look forward to welcoming a dedicated Loan Processor who shares our commitment to excellence.
Job Type: Part-time
Pay: From $19.00 per hour
Expected hours: 20 – 25 per week
Schedule:
- 4 hour shift
- 8 hour shift
- Day shift
- Monday to Friday
- No nights
- No weekends
Ability to Commute:
- Ronkonkoma, NY 11779 (Required)
Ability to Relocate:
- Ronkonkoma, NY 11779: Relocate before starting work (Required)
Work Location: In person
Salary : $19
