Consumer Loan Collector jobs in Arlington, MA

Consumer Loan Collector contacts customers who are delinquent in the repayment of their loans and obtains payments, commitment agreements or establishes a repayment plan. Follows set policies and procedures when determining suitable collection solution. Being a Consumer Loan Collector requires a high school diploma or its equivalent. Typically reports to a supervisor. The Consumer Loan Collector may require 0-1 year of general work experience. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. (Copyright 2024 Salary.com)

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Consumer Loan Processor
  • Mass Bay Credit Union
  • Boston, MA FULL_TIME
  • *This is not a remote position *

    Primary Function:

    Under the supervision of the Department Manager, processes consumer loans on a timely and accurate basis and provides a consistently high level of quality service to members and potential members in the lending process. Prepares, analyzes, processes, and documents all required forms and documentation for consumer loan products. Provides member and departmental support for all aspects of consumer loan and consumer loan servicing within the Credit Union. Handles all member transactions with complete discretion and confidentiality.

    Essential Duties and Responsibilities:

    1. Coordinates with consumer loan applicants in person, by phone and/or electronically and assists member in providing information, answering questions, and completing loan application.
    2. Ensures that all members and potential members feel welcomed to the Credit Union and are supported professionally in the process.
    3. Requests and reviews all required information and documentation to secure a consumer loan and researches discrepancies.
    4. Interviews and originates potential consumer loan applicants for approval and/or denial.
    5. Answers questions for members throughout the process. Explains the loan process to include loan options, insurance required on Credit Union loan products, loan policies, interest rates, payoffs, etc.
    6. Prepares credit investigation and verification for related applications.
    7. Verifies contents and completion of approved loan folders and inputs on the computer system.
    8. Maintains a filling system and procedures to monitor that the required documentation is received in a timely manner and maintained appropriately and according to policies and procedures.
    9. Closes approved loans; completes all necessary loan documents to close the file; and prepares payroll designation and all other related documents to bring to completion.
    10. Processes daily mail payments for consumer loans, when assigned.
    11. Informs members of Credit Union products and services, explaining features and benefits; cross-sells products and services when appropriate and within scope of responsibility.
    12. Functions as needed to positions within the Loan Origination/Servicing Department as required.
    13. Cross-trains and performs all positions within the Loan Department.
    14. Responsible to maintain and control lending file folders.
    15. Coordinates documentation and maintains up-to-date files.
    16. Provides backup support for Lending Reception desk and related department mailings.
    17. Attends training sessions upon request.
    18. Adheres to the anti-money laundering policy and the Bank Secrecy laws.
    19. Assumes other duties as new products, services, or technology are introduced.

    Note: The above is a description of the ordinary and essential duties of the position. Other duties both related and unrelated to the above may be assigned and therefore required.

    Knowledge, Skills, and Experience Required:

    1. Professional and pleasant interpersonal and communication skills are essential for servicing Credit Union members and projecting a positive image as representative for the Credit Union.
    2. Position requires general knowledge of all Credit Union products and services as well as credit procedures.
    3. Requires education equivalent to a four-year high school education. Proficiency with computer software applications including Word and system applications is required.
    4. Position requires two years of experience in a bank, Credit Union, or mortgage company.
    5. Position requires the ability to read and understand oral and written instructions. Requires the ability to effectively communicate with members or employees and to solve day-to-day problems involving several variables in standard situations.
    6. Intermediate mathematical skill required (adding, subtracting, multiplying, dividing, percentages, interest).

    Disclaimer:

    The above information on this position has been designed to indicate the general nature and level of work performed by employees within its classification. It is not designated to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

  • 24 Days Ago

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Consumer Loan Funder
  • Merrimack Valley Credit Union
  • Waltham, MA FULL_TIME
  • FUNCTIONAL SUMMARY: Responsible for providing accurate, complete, and comprehensive funding of fully documented originated consumer loan applications. Primary duties consist of interacting with applic...
  • 13 Days Ago

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Sr. Loan Servicing Specialist (Mortgage/Consumer Loan Servicing)
  • Make Your Move
  • Salem, MA FULL_TIME
  • Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees...
  • 1 Day Ago

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Collector Representative
  • Mass Bay Credit Union
  • Boston, MA FULL_TIME
  • Primary Function: Under the supervision and guidance of the Department Manager, the Collector is responsible for the control and collection of delinquent loan accounts. Contacts members to determine t...
  • 21 Days Ago

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Facility Collector
  • HealthDrive
  • Framingham, MA FULL_TIME
  • Overview HealthDrive delivers on-site dentistry, optometry, podiatry, audiology, behavioral health, and primary care services to residents in long-term care, skilled nursing facilities. Each specialty...
  • 25 Days Ago

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Budget Counselor (evening shift)
  • American Consumer Credit Counseling
  • Auburndale, MA FULL_TIME
  • Come to work on the Financial Counseling Team at ACCC. We are the proud winner of the Top Places to Work 2022 Award! We are also the recipient of the 2021 & 2022 BBB Award! We are an award winning, Na...
  • 21 Days Ago

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0 Consumer Loan Collector jobs found in Arlington, MA area

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Consumer Insights Lead
  • The Judge Group
  • Boston, MA
  • JOB DESCRIPTIONWe are currently hiring a Consumer Insights Lead in Boston, MA.*A Hybrid position at Boston Beer requires...
  • 3/28/2024 12:00:00 AM

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Assistant Store Manager
  • Extra Space Storage, Inc.
  • Medford, MA
  • Day shift only: Office closes at 6pm. Pay range: $19 to $20 per hour. As an Assistant Store Manager, you will have the o...
  • 3/28/2024 12:00:00 AM

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Shift Lead Harvard Square
  • Blank Street
  • Cambridge, MA
  • Description About Blank Street... At Blank Street, we believe great coffee should be an everyday ritual. With shops acro...
  • 3/28/2024 12:00:00 AM

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Pharmacy Intern
  • McLean Hospital(MCL)
  • Belmont, MA
  • Assists pharmacists and administrative staff in the provision of pharmaceutical care services. Responsible for participa...
  • 3/27/2024 12:00:00 AM

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Mahoney's Winchester Cashier
  • Mahoneysgarden
  • Winchester, MA
  • >> Mahoney's Winchester Cashier Mahoney's Winchester Cashier Summary Title:Mahoney's Winchester CashierID:1178Location:W...
  • 3/27/2024 12:00:00 AM

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Cashier
  • Wegmans
  • Medford, MA
  • **Cashier** Medford, MA Location Medford, MA Pay Starting rate up to $16.50 / hour with experience! At Wegmans, our comm...
  • 3/27/2024 12:00:00 AM

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Merchandise and Stocking Assistant
  • Sams Club
  • Belmont, MA
  • Responsibilities From every day needs to special occasions, members need you, as their mini tour guide, to take them tha...
  • 3/26/2024 12:00:00 AM

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Clinical Psychiatric Pharmacist
  • McLean Hospital(MCL)
  • Belmont, MA
  • About Us McLean Hospital is a comprehensive psychiatric hospital committed to providing easy access to superior quality,...
  • 3/25/2024 12:00:00 AM

Arlington is a town in Middlesex County, Massachusetts, United States, six miles (10 km) northwest of Boston. The population was 42,844 at the 2010 census. Arlington covers 3,517.5 acres (14 km2), or 5.5 square miles, of which 286.2 acres (1.2 km2) are covered by water. There are 210.52 acres (0.9 km2) of parkland. Elevation ranges from 4 feet (1.2 m) above sea level (along Alewife Brook) to 377 feet (114.9 m) near Park Avenue and Eastern Avenue. Arlington borders on the Mystic Lakes, Mystic River, and Alewife Brook. Within its borders are Spy Pond, the Arlington Reservoir, Mill Brook, and Hil...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Collector jobs
$42,332 to $49,704
Arlington, Massachusetts area prices
were up 2.5% from a year ago

Consumer Loan Collector in Amarillo, TX
According to the Consumer Loan Collector Job Description, these collection employees are responsible for contacting customers that are delinquent in the repayment of their loans and also to obtain these said payments.
December 17, 2019
Consumer Loan Collector in Danbury, CT
This can be very stressful and very demanding, mentally and emotionally, for the loan collector.
December 23, 2019
Consumer Loan Collector in Buffalo, NY
Abusive language, threats, and harassment by a consumer loan collector can result in a lawsuit.
January 05, 2020