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Loan Processor

Auto Approve

Loan Processor

Minneapolis, MN +1 location
Full Time
Paid
  • Responsibilities

    Job Description

    SUMMARY/OBJECTIVE

    The Loan Processor is responsible for creating clean loan packages and ensuring the loan funding process is completed in a timely manner.

    ESSENTIAL FUNCTIONS

    • Generates auto refinance loan documents in a timely manner
    • Ensure that all documents are completed and signed correctly
    • Verify all stipulations for loan packages
    • Verify information such as loan payoff amount, collateral valuation, and interest rate
    • Create and stack funding packets to be sent to lending partners
    • Ensure Power of Attorney forms are received 
    • Document the system of record per applicable policy/procedure
    • Monitor accounts for ‘red flags’ or potential fraud
    • Protect information in accordance with Auto Approve Information Security Requirements

    COMPETENCIES

    • Basic computer skills 
    • Meticulous attention to detail
    • Efficient time management skills
    • Ability to learn and adapt in a very fast paced environment
    • Professional demeanor when communicating with others, both verbally and in writing

    EDUCATION AND EXPERIENCE

    • High school diploma or equivalent required
    • Bachelors degree preferred but not required
    • One (1) year experience in loan processing preferred
    • One (1) year experience in the finance industry preferred

    PHYSICAL REQUIREMENTS

    This position is indoors. Must be able to sit at a computer terminal for an extended period of time. May be asked to lift approximately 25 lbs. Exposure to moderate noise and light, i.e business office with computers, phone, printers, light foot traffic.

    OTHER DUTIES

    Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

    BENEFITS:

    • Competitive compensation package including base pay and production bonus
    • Excellent benefits package including Health, Dental and Vision.
    • 401K 
    • Paid Time Off 
    • Culture of Employee Recognition

    POSITION TYPE/EXPECTED HOURS OF WORK

    This is a full-time position. Days and hours of work are variable and based on business need. Evening and weekend work may be required as job duties demand.

    AUTO APPROVE is an auto refinance company specializing in helping consumers find the best possible vehicle interest rate empowering the consumer and saving them money every month for the life of the new loan.  Auto Approve has relationships with a national network of financial institutions and can provide preferred access to help consumers with lower interest rate auto loans.  Visit AutoApprove.com for detail. 

    AUTO APPROVE Provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

    APPLICANTS MUST BE LEGALLY AUTHORIZED TO WORK IN THE UNITED STATES

  • Locations
    Minneapolis, MN • Brooklyn Center, MN