Consumer Loan Collector jobs in Frederick, MD

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 Underwriter
  • Tower Federal Credit Union
  • Laurel, MD FULL_TIME
  • Note: All full-time positions include the option of $0 out-of-pocket premium cost for Employee Only PPO AND exceptionally low premiums for all other PPO coverage levels.

    Tower is offering a $1000 Signing/Retaining bonus as of 1/20/2023.

    HOURS FOR POSITION: Monday - Saturday 8 hours per day. Rotating evenings and Saturdays.

    SUMMARY OF POSITION:

    The Consumer Loan Underwriter will be responsible for performing a thorough initial and/or second underwriting review to ensure compliance Tower Federal Credit Union policies, procedures and underwriting guidelines. The Consumer Loan Underwriter will have the authority to approve/deny/counter-offer consumer loans along with some exception loan authority, along with the ability to recommend policy exceptions to Management according to the Consumer Lending Loan Approval Authority Matrix.

    _________________________________________________________________________

    PRINCIPAL ACCOUNTABILITIES AND FUNCTIONS:


    Performs a thorough underwriting review of all consumer loans to ensure compliance with Tower FCU policies and guidelines, all State and Federal regulatory.


    Performs a thorough review of all consumer loans prior to clear to close and provides immediate feedback to the Consumer Loan Processor or Funder with any corrective measures to be taken prior to closing.


    Underwrites and evaluates the risk on all consumer lending loan applications daily in accordance with established service and production levels in order to render a timely prudent underwriting decision.
    Reviews and analyzes all information on the loan application matching it to the documentation in the loan file and data in the Loan Origination System (LOS).


    Reviews and analyzes documentation obtained throughout the process in order to determine continuous loan eligibility and an update of the data in the LOS to ensure data integrity.
    • Obtains necessary lending authority approval when terms of loan are outside of underwriter’s lending authority level.

    • Participates in all required credit union compliance, product knowledge training and complies with government laws and regulations.

    • Follows established security measures to guaranty the confidentiality of Tower’s membership.

    • Complies with established service level agreements for member loan inquiries, explains loan underwriting decisions, and suggests alternatives products or services related to submitted loan requests for consideration.

    • Verifies and analyzes documentation received to include but not limited to credit report, paystubs, W-2s, personal tax returns, business tax returns, bank statements, retirement statements, property appraisals, and any other documents necessary to determine adherence to Tower FCU policies and

    • Effectively communicates and works in a team environment with other Consumer Loan Underwriters, Consumer Loan Processors, Consumer Loan Funders or other Tower team members.

    • Participates in the ‘buddy system’ within the Consumer Loan Underwriting teams.

    • Supports all consumer loan origination channels within the Consumer Lending Operations department.

    • Meets all training and proficiency requirements as outlined in the Consumer Lending Loan Approval Authority Matrix for Trainee up to Level II authority.

    • Demonstrates the ability to follow Tower procedures, polices, and guidelines when exercising up to Level II loan approval and exception authority according to the Consumer Lending Loan Approval Authority Matrix.

    _____________________________________________________________________

    REQUIRED QUALIFICATIONS:

    • 2 year degree in business or a related field
    • One to 2 years of progressively responsible credit union or lending experience. Education & experience requirements vary based on levels.
    • Or, equivalent combination of education and work experience.

    COMPETENCIES:

    • Successfully demonstrated analytical decision making ability with attention to detail.
    • Ability to learn and work in a fast paced environment.
    • Ability to multi-task and prioritize work as required.
    • Ability to effectively work with mathematical concepts with a high degree of accuracy.
    • Ability to work and communicate effectively with Tower FCU members and other members of the Consumer Lending team.
    • Ability to work independently and to identify/solve problems and to seek guidance when necessary and to resolve them in an expeditious manner.
    • PC Proficient to include: Word, Excel, Outlook, internet, e-mail and loan origination software
    • Ability to adapt to changes within internal, market or regulatory environments.
    • Ability to exercise prudent judgment in decision-making and protection of member confidential information.
    • Ability to arrive at work routinely and promptly.
    • Ability to work within stringent time constraints and in a high pressure environment.
    • Ability to receive constructive feedback from co-workers and management.
    • Ability to work in a team environment and demonstrate the ability to help others.
    • Ability to write operational reports, business correspondence and complete required loan origination forms.
    • Ability to identify emerging problems in the loan origination process and resolve them in an expeditious manner.
    • Ability to resolve problems and operational problems through effective interpersonal skills.
    • Ability to effectively represent the credit union to members and third-party strategic partners.

    ________________________________________________________________________

    WORKING CONDITIONS:

    • Ability to sit, stand and walk for extended periods and demonstrate sufficient dexterity and vision to operate a variety of office equipment.
    • Ability to lift up to 15 lbs. with or without assistance.
    • Ability to work the hours needed which may extend beyond the defined work schedule when operating conditions dictate
    • TFO clearance

  • 13 Days Ago

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Consumer Loan Administrator
  • EagleBank
  • Rockville, MD OTHER
  • Overview We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ – EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful ...
  • 6 Days Ago

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Consumer Loan Underwriter
  • Tower Opportunities
  • Laurel, MD FULL_TIME
  • Note: All full-time positions include the option of $0 out-of-pocket premium cost for Employee Only PPO AND exceptionally low premiums for all other PPO coverage levels. Tower is offering a $1000 Sign...
  • 6 Days Ago

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Consumer Loan Sales Specialist
  • OneMain Financial
  • Springfield, VA FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses. Consumer Loan Sales Speci...
  • 1 Month Ago

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Consumer Loan Processor I
  • Navy Federal Credit Union
  • Vienna, VA OTHER
  • Overview Processes loan applications by verifying and evaluating information provided on consumer loan applications; researching and gathering supporting data and documentation; and providing administ...
  • 25 Days Ago

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Consumer Loan Specialist (Bowie)
  • Educational Systems FCU
  • Bowie, MD FULL_TIME
  • Under general supervision, but following established policies and procedures, provides a variety of sales and service functions such as providing information on all Credit Union services by phone, ema...
  • 1 Month Ago

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0 Consumer Loan Collector jobs found in Frederick, MD area

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Cashier
  • WLR Automotive Group Inc
  • Frederick, MD
  • Job Description Job Description We’re currently seeking an individual to join our team as a Cashier at The Lube Center. ...
  • 4/19/2024 12:00:00 AM

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Multi-Store Supervisor - #161
  • Sheetz, Inc
  • Frederick, MD
  • Additional $1.50/hr. for working 10pm-6am OVERVIEW Do you like to change things up and meet new people? Never get bored ...
  • 4/19/2024 12:00:00 AM

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Store Team Member - #249
  • Sheetz
  • Frederick, MD
  • Additional $1.50/hr. for working 10pm-6am OVERVIEW Got high-energy and love to hustle? Come join the fast-paced, FUN wor...
  • 4/19/2024 12:00:00 AM

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Store Team Member - #161
  • Sheetz
  • Frederick, MD
  • Additional $1.50/hr. for working 10pm-6am OVERVIEW Got high-energy and love to hustle? Come join the fast-paced, FUN wor...
  • 4/19/2024 12:00:00 AM

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Budtender/Retail Sales- Frederick
  • Culta LLC
  • Frederick, MD
  • CULTA is currently looking for our next Budtender to join our Dispensary team in Frederick, MD! As a Budtender you'll be...
  • 4/18/2024 12:00:00 AM

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Multi-Store Supervisor - #161
  • Sheetz, Inc.
  • Frederick, MD
  • Skyrocket store performance by delegating tasks and holding your work fam accountable for reaching operational and custo...
  • 4/18/2024 12:00:00 AM

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Converse Clarksburg Retail Sales Associate Part Time Under
  • Nike, Inc.
  • Clarksburg, MD
  • Become part of the Converse Team Converse is a place to explore potential, break barriers and push out the edges of what...
  • 4/17/2024 12:00:00 AM

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Debt Collector
  • Fair Collections & Outsourcing, Inc.
  • Laurel, MD
  • Job Description Job Description Email your resume to resumes@fco.com One of the country’s leading receivables outsourcin...
  • 4/15/2024 12:00:00 AM

Frederick is located in Frederick County in the northern part of the state of Maryland. The city has served as a major crossroads since colonial times. Today it is located at the junction of Interstate 70, Interstate 270, U.S. Route 340, U.S. Route 40, U.S. Route 40 Alternate and U.S. Route 15 (which runs north–south). In relation to nearby cities, Frederick lies 46 miles (74 km) west of Baltimore, 49 miles (79 km) north and slightly west of Washington, D.C., 24 miles (39 km) southeast of Hagerstown, Maryland, and 71 miles (114 km) southwest of Harrisburg, Pennsylvania. The city's coordinates ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Collector jobs
$40,457 to $47,503
Frederick, Maryland area prices
were up 1.3% from a year ago

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