Sunday, October 6, 2013

Business Loan Processor

Do you believe in providing exceptional service? Do you love working with and meeting new people? Are you passionate about working in a team environment? Do you take ownership to deliver the best?

If you answered yes to these questions, then Western Federal Credit Union is the place for you!

Western is one of the nation’s leading credit unions with over $1.4 billion in assets and 120,000 members nationwide. We service a large number of sponsor companies in a diverse group of industries such as information technology, automotive, airline, retail, service, manufacturing, and aerospace. With strong assets and conservative practices, Western continues to have a stable presence in the credit union industry.

Western Federal Credit Union is seeking a Business Loan Processor to promote, process, and service Credit Union Business Loan products, services, and programs.

Responsibilities include:

  • Creates Member Business loan files containing all required documentation, ensuring that all loan documents are identified and properly categorized.

  • Updates Member Business loan files timely; maintains files in examination ready quality at all times.

  • Works with participation partners and borrowers ensuring all required documentation is received for loan files.

  • Prepares monthly Board reports relating to Member Business loans.

  • Communicates with the Business Loan Master Servicer to acquire all necessary reports and information to create journal entries to record loan activity.

  • Prepares financial ratios with data derived from borrower financial statements.

  • Assists in preparing and arranging the dissemination of information to business members and others that will ensure information received is correct and projects a favorable image for the Credit Union.

  • Ensures a full and complete working knowledge of all Credit Union Business loan products, programs, policies, procedures and all governing regulatory laws and guidelines including but not limited to the National Credit Union Association (NCUA), Small Business Administration (SBA), Uniformed Standards of Professional Appraisal Practice (USPAP) and Uniformed Commercial Code (UCC) regulations.

  • Ensures a full and complete working knowledge of all operational functions required, including but not limited to, ensuring all regulatory aspects of escrow impound accounts are adhered to, all required government and investor reporting is completed on or prior to the deadline, all regulatory aspects of variable rate loans are adhered to and detailed due diligence quality examinations of loan files are completed as required for regulatory and secondary market investor compliance.

Job Requirements:

Western seeks motivated, experienced individuals with a passion for delivering superior service and contributing to a team environment.

Requirements for this position include:

  • High school graduate or equivalent required; some college preferred

  • Minimum of three years of business or commercial loan processing and/or underwriting experience, preferably in a financial institution

  • Working knowledge of commercial loan files and the relevant documents contained therein and all governing regulatory laws and guidelines including but not limited to NCUA, SBA, USPAP and UCC regulations

  • Ability to communicate effectively, both verbally and in writing, have proficiency in spreadsheet and word processing software application,s and to work without constant supervision

See the Western Difference!

At Western, we believe that each team member is a valuable asset. Through a teamwork approach, we strive to provide a positive and rewarding workplace that helps our team members succeed. Western provides a work environment which promotes learning, growth, and the opportunity for team members to challenge themselves. We work together for a common goal: to provide superior service to our members.

Excellent Benefits Package Includes:

  • Medical, Prescription, Dental, Vision, and Life Insurance all from your date of hire

  • Paid vacation, sick, and personal time as well as holidays

  • 401k Plan with employer match

  • Defined Benefit Pension Plan fully funded by Western

  • Employee Assistance Program

  • Tuition reimbursement that covers 100% of tuition and books for approved programs

  • Credit Union membership for you and your immediate family

Western is proud to be an equal-opportunity employer. For more information on Western, please visit us at

Division/Department : Lending

Skills : Banking/Financial -> Loan Services

Exemption : Non-Exempt

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