Consumer Loan Processing Supervisor jobs in Reston, VA

Consumer Loan Processing Supervisor supervises the day-to-day loan processing operations involved with the origination and documentation of various types of loans. Implements processes and procedures to maintain accuracy and completeness of required documentation. Being a Consumer Loan Processing Supervisor tracks team performance against established metrics and standards for speed, quality, and customer service. Performs quality checks and resolves issues. Additionally, Consumer Loan Processing Supervisor prepares reporting for internal departments and external agencies. Participates in audit requests and processes. Delivers new hire and team training. Provides updates on policy and regulatory requirements and changes. May require an associate degree or equivalent. Typically reports to a manager. The Consumer Loan Processing Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be a Consumer Loan Processing Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. (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

  • 12 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 ...
  • 5 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...
  • 5 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...
  • 24 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 Processing Supervisor jobs found in Reston, VA area

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Word Processing Coordinator
  • LHH
  • Washington, DC
  • LHH is partnering with an organization in the Washington DC area seeking a proficient Legal Word Processor to join our t...
  • 4/18/2024 12:00:00 AM

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Legal Word Processing Coordinator
  • LHH
  • Washington, DC
  • Job Title: Legal Word Processing Coordinator (Temp to Hire) Company: LHH Recruitment Solutions Location: Washington DC (...
  • 4/18/2024 12:00:00 AM

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Gift Processing Coordinator
  • Lhh
  • Washington, DC
  • Location: Washington DC Salary: $20-22/hour (Temporary), $45,000-$50,000/year (Permanent) Schedule: Hybrid schedule - 3 ...
  • 4/18/2024 12:00:00 AM

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Process Coordinator - NonExempt (Clinic)
  • U.S. Dermatology Partners
  • Silver Spring, MD
  • Job Details Job Location Bethesda-Derm Lab - Silver Spring, MD Position Type Full Time Job Category Admin - Clerical Des...
  • 4/17/2024 12:00:00 AM

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Gift Processing Coordinator
  • LHH
  • Washington, DC
  • Location: Washington DC Salary: $20-22/hour (Temporary), $45,000-$50,000/year (Permanent) Schedule: Hybrid schedule - 3 ...
  • 4/16/2024 12:00:00 AM

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Word Processing Coordinator
  • Lhh
  • Washington, DC
  • LHH is partnering with an organization in the Washington DC area seeking a proficient Legal Word Processor to join our t...
  • 4/16/2024 12:00:00 AM

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Legal Word Processing Coordinator
  • Lhh
  • Washington, DC
  • Job Title: Legal Word Processing Coordinator (Temp to Hire) Company: LHH Recruitment Solutions Location: Washington DC (...
  • 4/16/2024 12:00:00 AM

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Assistant to General Manager
  • Kform
  • Sterling, VA
  • Company Description Kform designs and manufactures defense systems, collaborating with innovative startups and leading c...
  • 4/15/2024 12:00:00 AM

Reston is a census-designated place in Fairfax County, Virginia. Founded in 1964, Reston was influenced by the Garden City movement that emphasized planned, self-contained communities that intermingled green space, residential neighborhoods, and commercial development. The intent of Reston's founder, Robert E. Simon, was to build a town that would revolutionize post–World War II concepts of land use and residential/corporate development in suburban America. In 2018, Reston was ranked as the Best Places to Live in Virginia by Money magazine for its expanses of parks, lakes, golf courses, and b...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Processing Supervisor jobs
$63,464 to $88,462
Reston, Virginia area prices
were up 1.3% from a year ago

Consumer Loan Processing Supervisor in Springfield, MA
As a supervisor, you will also be responsible for assisting with hiring activities and training/coaching of your team members.
February 09, 2020
Consumer Loan Processing Supervisor in Boston, MA
The Consumer Loan Processing Supervisor Job Description entitles the loan processing supervisor to supervise the activities of the loan processors and ensure that the procedural standards are strictly adhered to while processing the applications for new loans.
February 08, 2020
Consumer Loan Processing Supervisor in Wichita, KS
In this role you ll supervise the consumer loan team in conducting loan package audits and funding activities.
February 09, 2020