About this opportunity
Millbury Federal Credit lists this Consumer Lending Manager opportunity in millbury, Massachusetts. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Consumer Lending Manager
Location: 50 Main St., Millbury, MA 01527 (in office position)
Work Schedule is: Full Time, Monday - Friday 8:30am-5pm
Position Summary: Reporting to the Sr. Vice President of Consumer Credit or assignee, the Consumer Lending Manager assists the Loan Operations and Retail Banking staff on the day-to-day lending process. The incumbent manages; the consumer loan LOS system, rate sheets, reconcilement of invoices, quality control, policy / procedure, and approves or denies consumer loans according to MCU loan policy and tier levels. Is also responsible for the daily on-time funding and dealer interactions.
Responsibilities:
Approve / deny loans from all branches and origination sources. Answer questions by phone or email regarding processing, documentation, and loan closings in accordance with MCU policy and procedure.
Review denied loans on a monthly basis ensuring compliance with lending policy and procedure.
Perform a post-closing review of closed loans and tracks and report finding back to the Sr. Vice President of Retail Banking & Operation and the Sr. Vice President of Consumer Credit monthly; work with staff to train and rectify errors when required.
Maintain lending software and perform, when necessary, software updates and maintain rate pages / tables. Train staff on use of software.
Process Mass Save Heat Loans and coordinate with staff to close loans.
Originate process and close applications when necessary.
Comply with federal and state regulations as applicable.
Train staff on changes to consumer loan products as well as consumer add-on products such as life and disability insurance, GAP, and Mechanical Breakdown.
Process employee loan requests for confidentiality in conjunction with HR and auditing purposes.
Prepare monthly reports as required.
Reconcile consumer- and indirect-loan-related invoices as required.
Maintain Consumer Loan policy and procedures for annual approval as required.
Review monthly and report quarterly to manager on website accuracy for consumer lending products.
Initiate GAP Ins. claims.
Engage in daily approval / concurrence and funding of indirect auto loans including document review, ACH preparation, and payoff reconcilement.
Manage the Consumer Loan Clerk Indirect Funding Specialist, including annual review process.
Manage workflow and staffing levels to ensure coverage for indirect funding process.
Work closely with management and third-party administrator of indirect lending program.
Rate surveys as required.
Be Safe Act compliant and registered on NMLS.
Perform other duties as assigned.
Qualifications: High school diploma or G.E.D. required; associate or bachelor's degree or equivalent combination of education and experience in loan operations management.
Minimum of 5-8 years of experience in loan origination, indirect lending, underwriting, and production, preferably in a banking environment.
Demonstrated management/leadership experience
Proficiency in Microsoft Office applications, specifically Excel and Word.
Knowledge of various loan systems.
Consumer lending background.
Be Safe Act compliant and registered on NMLS
Skills and Abilities : Ability to meet deadlines and display attention-to-detail.
Sound verbal and written communication skills.
What can Millbury Federal Credit Union offer you?
MCU places strong emphasis on providing quality service to our members and you! MCU offers a family-friendly working environment and outstanding benefits which include: Competitive salary
Vacation, sick and personal paid time off
11 paid Federal holidays
Health, dental, vision, life, and disability insurance
Tuition assistance
401(k) retirement plan with employer match
Employer funded profit sharing
Annual bonus to qualified employees
At MCU you will find a respectable and inclusive workplace where everyone is given the opportunity for personal and professional growth. If you share a passion for the community you work in, you just may be a great fit at MCU.
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodation will be provided which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.
EEO / AA Employer
The specific pay for this position will be determined by the Company based on consideration of all relevant factors when and if an offer of employment is extended
Monday - Friday: 8:30am-5:00pm
Full Time: 40 hours/week.
Worksite address
millbury, MA, 01527, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.