Consumer Loan Collector jobs in Holyoke, 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 Underwriter
  • Massachusetts Mutual Life Insurance Co.
  • Springfield, MA OTHER
  • The Opportunity:

    As a Consumer Loan Underwriter of MassMutual Federal Credit Union (MMFCU), you will be a valued member of a supportive, diverse, and skilled team. All MMFCU team members are committed to delivering a consistent and memorable experience to our members and potential members. You will be responsible for representing the financial interests of both our members and the credit union. You will be responsible for reviewing, analyzing, approving, and underwriting consumer requests within credit union and industry guidelines. You are also responsible for timely turnaround on applications as well as for performance of loans written. You must be a decision-maker with a tolerance for risk, while understanding the lending guidelines and regulations.

    The Team:

    Reporting to the Chief Lending Officer (CLO), the loan team is comprised of loan officers, a loan servicer, collections, and a loan processor. The team is expected to work cross-functionally and collaboratively with other business units within the organization.

    The Impact:

    • Analyzes applicant financial status, credit, and collateral evaluation to determine the feasibility of granting loan and approves or denies. Forwards that information to the loan originator.
    • Corresponds/converses with originators frequently to resolve questions regarding application information provided, and further delve into the member’s situation to assist in being able to grant credit to the member.
    • Clear and document red flags. Ensure due diligence is performed: verifying account information, credit worthiness, and reviewing income/employment information, determining collateral value to ensure the borrower’s ability and willingness to repay. Asking for and properly documenting additional information as needed. Ensure that proper adverse actions are used when declining an applicant.
    • Underwrite loan applications quickly and thoroughly. Communicate lending decisions to internal team members on direct loan applications. Communication methods may include making and answering phone calls, responding to emails, and web message comments with dealerships. Answer lending questions from internal staff.
    • Work with loan processors to resolve loan stipulations and ensure conditions are met prior to final review and approval.
    • Has a tolerance for risk while appreciating the policy guidelines and requirements set out in regulation.
    • Demand of myself, and others, the highest levels of integrity, leadership, accountability, and teamwork.
    • Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

    Minimum Qualifications:

    • 3 years of similar or related experience

    Preferred Qualifications:

    • Bachelor’s degree in math or finance
    • Experience with Meridian Link
    • Advanced and continuous learning to stay current on Consumer Lending trends, compliance, and regulations.
    • Ability to review complex documents and loan information to find ways to make more quality loans.
    • Must have an analytical mind with the ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
    • Must be able to communicate well with team and credit union employees.
    • Familiarity with credit union system terminology and acronyms.
    • Ability to solve practical problems and deal with a variety of concrete variables in situations where guidelines are available but extensive evaluation is required. Ability to interpret a variety of instructions furnished in written form, including but not limited to loan policy, procedural manuals, and compliance with appropriate regulations.

    What to Expect as Part of the Team

    • Regular collaboration with the lending team
    • Focused one-on-one time with your manager.
    • Access to mentorship opportunities
    • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource Groups
    • Access to learning content on Degreed and other informational platforms
    • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits.

    #LI-FT1

    MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

    If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
  • 11 Days Ago

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Sr. Collector
  • Robert Half
  • Deerfield, FL OTHER
  • Robert Half is seeking an Accounts Receivable (A/R) Clerk. There is a quickly growing accounting team looking for a candidate to join them who is interested in great career growth potential and a grea...
  • 14 Days Ago

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Maintenance apprentice
  • KIK Consumer Products
  • Ludlow, MA FULL_TIME
  • Essential Job Functions Sets up production equipment to run scheduled production Discusses difficulties in operating equipment with machine operators to isolate problems, and then troubleshoots machin...
  • 24 Days Ago

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Assistant Collector of Revenue
  • Town of Enfield
  • Enfield, CT FULL_TIME
  • ASSISTANT COLLECTOR OF REVENUEFull-time, 35-hour work week (Mon. – Fri. 9:00am – 5:00pm)Pay: $62,450.90 Annually↑Closing Date: May 8, 2023TOWN OF ENFIELDJOB DESCRIPTIONFINANCE DEPARTMENTASSISTANT COLL...
  • 6 Days Ago

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Field Data Collector
  • MSG Manhattan Strategy Group
  • Springfield, MA CONTRACTOR
  • USDA SNAP Store Reviewer Manhattan Strategy Group (MSG) seeks field personnel to serve as “Reviewers” to perform store reviews in all 50 U.S. States, Guam, and the U.S. Virgin Islands. Duties and Resp...
  • 11 Days Ago

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Data collector / Driver
  • TSMG
  • Springfield, MA FULL_TIME
  • Company descriptionTerry Soot Management Group (TSMG) is a field data collection company founded in 2017 in Europe. We collect data where automation is not possible. We count features, take pictures, ...
  • 17 Days Ago

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0 Consumer Loan Collector jobs found in Holyoke, MA area

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Retail Sales Associate (Part-Time)
  • AutoZone, Inc.
  • Holyoke, MA
  • AutoZone's Part-Time Retail Sales Associates drive sales through superior customer service by exceeding customer expecta...
  • 3/28/2024 12:00:00 AM

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Retail Sales Associate (Part-Time)
  • AutoZone, Inc.
  • Chicopee, MA
  • AutoZone's Part-Time Retail Sales Associates drive sales through superior customer service by exceeding customer expecta...
  • 3/28/2024 12:00:00 AM

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DSW Store Associate Part-Time>
  • DSW, Inc.
  • Holyoke, MA
  • DSW, Inc. - Holyoke Mall At Ingleside, Holyoke [Retail Associate / Retail Sales] As a Store Associate at DSW, you'll: Pr...
  • 3/28/2024 12:00:00 AM

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Pharmacy Clinical Manager
  • ProxsysRx
  • Holyoke, MA
  • Job Type Full-time Description ProxsysRx is currently recruiting for a Pharmacy Clinical Manager for Holyoke Medical Cen...
  • 3/27/2024 12:00:00 AM

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Retail Part-Time Key Holder
  • Against All Odds
  • Holyoke, MA
  • Job Title: Key Holder Department: Retail Reports To: Store Manager AGAINST ALL ODDS (AAO) is looking for friendly, energ...
  • 3/27/2024 12:00:00 AM

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Retail Sales Associate>
  • Cumberland Farms
  • South Hadley, MA
  • Cumberland Farms - 507 NEWTON STREET [Store Associate / Team Member] As a Retail Sales Associate at Cumberland Farms, yo...
  • 3/27/2024 12:00:00 AM

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Cashier
  • Mount Holyoke College
  • South Hadley, MA
  • Cashier Job no: 493476 Work type: Staff Part-time Location: South Hadley, MA Categories: Dining Services, Hospitality Po...
  • 3/26/2024 12:00:00 AM

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Field Merchandiser
  • Ocean State Job Lot
  • Holyoke, MA
  • Under the direction of the Director of Store Merchandising/ Presentation and the Store Manager, the Field Merchandiser p...
  • 3/24/2024 12:00:00 AM

Media related to Maps of Holyoke, Massachusetts at Wikimedia Commons Holyoke is located at 42°12′11″N 72°37′26″W / 42.20306°N 72.62389°W / 42.20306; -72.62389 (42.203191, -72.623969). According to the United States Census Bureau, the city has a total area of 22.8 square miles (59 km2), of which 21.3 square miles (55 km2) is land and 1.5 square miles (3.9 km2) (6.70%) is water. The city is bordered by Southampton and Westfield to the west, Easthampton to the north, Hadley, South Hadley and Chicopee as river borders to the east, and West Springfield to the south. Holyoke is the location of Ea...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Collector jobs
$39,253 to $46,089
Holyoke, Massachusetts area prices
were up 1.6% 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