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Indirect Auto Loan Servicing Rep
Indirect Auto Loan Servicing RepValley Bank • Fairfield, NJ, United States
Indirect Auto Loan Servicing Rep

Indirect Auto Loan Servicing Rep

Valley Bank • Fairfield, NJ, United States
19 days ago
Job type
  • Full-time
Job description

Responsibilities include but are not limited to :

  • Review loan documentation to ensure accuracy and completeness including amount, rate, term, vehicle descriptions, signatures and approvals.
  • Discount loans for booking. Compare amount financed to Dealer contract terms and calculate the loan amount financed when there is a difference in the loan approval terms. This includes amount financed, term and interest rate.
  • Book and fund loans.
  • Reconcile daily loans that are booked and funded to be in proof prior to submitting ACH funding file.
  • Resolve customer account issues.
  • Enters loan documentation into Harland, Dealer Track and Route One systems and follow up with auto dealerships for missing or corrected documents.
  • Ensure that loan officers' approval and conditions have been met.
  • Review underwriting exceptions with the Underwriting staff and resolve prior to booking loans.
  • Performs quality control of loans booked to ensure accuracy of set-ups in Miser and Smart Search. Ensure customer information has transferred from Harland system and that loan is booked and funded.

Required Skills :

  • Knowledge of lending terminology and loan documents used in Indirect Auto Lending.
  • Ability to book, fund, and research information on indirect auto loans on the Harland to Miser system including field changes / modifications when necessary and history information.
  • Ability to read and interpret documents such as credit applications, approvals, loan documents, letters and procedure manuals.
  • Good communication skills both written and verbal.
  • Strong phone skills.
  • Basic math skills.
  • Strong attention to detail.
  • Basic PC skills using Microsoft Office, Word, Excel, and Outlook.
  • Ability to organize - prioritize daily work assignments.
  • Ability to handle multiple priorities simultaneously.
  • Ability to use strong interpersonal skills to clarify instructions from Auto Dealer Services and other bank representatives to resolve problems and correct discrepancies.
  • Required Experience :

  • High School Diploma or GED and a minimum of 2 years' loan servicing experience.
  • Bookkeeping or accounting experience preferred.
  • Associates Degree preferred.
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    Loan Servicing • Fairfield, NJ, United States

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