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Loan Processor in Virginia Beach, VA at Vaco

Date Posted: 10/12/2018

Job Snapshot

  • Employee Type:
  • Job Type:
  • Experience:
    1 to 3 years
  • Date Posted:
  • Job ID:

Job Description

Loan Processor/Loan Assistant -Virginia Beach, VA


Currently seeking an administrative professional with some background in loan processing and lending to assist the loan processing department of a reputable financial institution in Virginia Beach.


-Handles all loan packages that are received from dealers and prepares them for funding

-Reviews loan packages for accuracy and completeness, focusing on error-correction

-Maintains ledgers, order supplies and acts as liaison between dealerships and Credit Officers

-Ensures required letters are sent out on all disbursed loans

-Purges disbursed loan packages of duplicate forms and unnecessary items before filming

-Administers dealer statements and dealer reserve program

-Complete monthly charge-backs of dealer loans

Knowledge, Skills, and Abilities

-Ability to identify and provide input for areas needing process improvement

-Ability to prepare indirect totals for monthly reports using lending system

-Ability to correspond with dealerships on missing documents necessary for disbursal of funds

-Ability to work closely with Indirect Manager to relay decision on active applications and help to obtain information needed on pending applications

-Excellent written and communication skills, attention to detail and ability to multi-task in a busy environment

-Proficient in Word, Excel, the lending platform, and the core operating system

-Ability to understand and be aware of possible suspicious activities or transactions by members or by employees, directors, executives or officers of the institution. Promptly notify management as required by credit union requirements of the Bank Secrecy Act or other laws and regulations

-Ability to comply with all state and federal regulations

Education and Experience:

-Associate's degree or equivalent required

-1-3 years' experience as loan processor or equivalent position

From keeping you up to date on market trends and industry expectations, to providing you with valuable insight into the company's culture, compensation expectations and growth opportunities of specific clients, Vaco will give you the edge you need in today's highly competitive job marketplace. Apply today!