Auto Finance Loan Processor/Funder ($20.00 - $22.00 per hour + Monthly Bonus + $1,500 signing bonus*)
An Elite Acceptance Corporation (EAC) Loan Processor/Funder is required to exhibit a strong aptitude for numbers as well as the ability to provide a high level of customer service to internal and external customers. A Loan Processor/Funder will review and audit submitted files to determine if Credit Underwriting and Compliance standards are met. In addition, it is imperative that all variances are adequately communicated to appropriate individuals in a timely manner, that fair lending practices are upheld, and that loan production meets productivity targets. Additionally, elements of work quality, customer satisfaction, and relationship management all play a large role in the day-to-day success of this position. Applicants without recent prior Auto Finance Loan Processing/Funding experience will not be considered.
Essential duties include:
- Facilitate verification of income, employment, residency, driver’s license, insurance, references or any other required verifications as stated in the EAC approval to the dealership.
- Ensure all contract terms match the EAC credit decision provided to the dealership.
- Ensure proper documentation is included in all loan files per legal compliance requirements.
- Ensure final investigative “Welcome Call” is completed prior to funding new contracts and inform the Credit Department should any concerns arise.
- Assist with maintaining an effective working relationship with all EAC and dealership staff in order to acquire needed follow-up information from dealership and/or customer (borrower).
- Report regularly to the Loan Processing Supervisor regarding any issues or trends relevant to the continuing development of EAC lending policy and procedure.
- Ensure funded loans meet EAC performance standards.
- Assist in maintaining strong working relationships with the EAC Sales/Marketing Team and Dealership Body.
- This position qualifies for monthly bonuses.
* $1,500 Signing Bonus is payable as follows: $500.00 after first 30 days of employment, $500.00 after first 31-60 days of employment, $500.00 after first 61-90 days of employment. This bonus will be paid in addition to ordinary department bonuses and requires that the employee work no less than 80% of regularly scheduled hours.
Job Type: Full-time
Pay: $55,000.00 - $65,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Ability to commute/relocate:
- Sacramento, CA 95815: Reliably commute or planning to relocate before starting work (Required)
Experience:
- Auto Loan Processing: 2 years (Required)
Work Location: In person