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Consumer Lending Assistant Jobs in Utah (NOW HIRING)

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Consumer Lending Assistant information

What is a consumer lending assistant?

Consumer Lending Assistants are banking professionals who support loan officers and lending departments in processing and managing consumer loans, such as auto, personal, and home loans. They handle administrative tasks, gather and verify customer documentation, ensure compliance with lending regulations, and communicate with clients about application status. Their role is crucial in streamlining the loan process and providing excellent customer service, helping borrowers through each step of obtaining a loan.

How does a consumer lending assistant typically collaborate with loan officers and underwriters throughout the loan process?

Consumer Lending Assistants play a vital support role, working closely with loan officers and underwriters to ensure a smooth and efficient lending process. They gather and review applicant documentation, input data into loan origination systems, and communicate with clients to clarify missing information. Frequent coordination with loan officers helps prioritize applications and resolve customer questions, while regular updates to underwriters help expedite approvals. This collaborative environment requires strong organizational and communication skills, as well as the ability to manage multiple tasks simultaneously.

What are the key skills and qualifications needed to thrive as a consumer lending assistant, and why are they important?

To thrive as a Consumer Lending Assistant, you need strong knowledge of lending processes, attention to detail, and a background in finance or banking, often supported by relevant coursework or experience. Familiarity with loan origination systems, credit analysis tools, and compliance software is typically required. Excellent communication, organization, and customer service skills help build client trust and ensure smooth interactions with borrowers and loan officers. These skills and qualities are crucial for maintaining regulatory compliance, minimizing errors, and providing a positive customer experience.

What is the difference between Consumer Lending Assistant vs Loan Processor?

AspectConsumer Lending AssistantLoan Processor
CredentialsHigh school diploma; some roles may prefer banking or finance certificationsHigh school diploma; experience in banking or finance often preferred
Work EnvironmentBank branches, lending offices, customer service settingsLoan departments, processing centers, financial institutions
Job FocusAssisting with loan applications, customer communication, data entryReviewing documents, verifying information, preparing loan files
Common UsageCustomer support in lending processProcessing and approving loans

The Consumer Lending Assistant primarily supports the loan process by assisting customers and managing documentation, while the Loan Processor focuses on verifying information and preparing loan files for approval. Both roles are essential in the lending industry and often work closely together, but they differ in responsibilities and daily tasks.

How to get into a consumer lending assistant?

To become a consumer lending assistant, candidates typically need a high school diploma or equivalent, with some roles preferring post-secondary education in finance or related fields. Relevant skills include customer service, attention to detail, and familiarity with banking software; obtaining certifications like a loan processing or banking certification can also improve prospects. Entry-level positions often require basic computer skills and the ability to work in a fast-paced environment.

What are the most commonly searched types of Consumer Lending jobs in Utah?

The most popular types of Consumer Lending jobs in Utah are:

What cities in Utah are hiring for Consumer Lending Assistant jobs?

Cities in Utah with the most Consumer Lending Assistant job openings:

Consumer Lending Assistant jobs near you

Consumer Finance Associate Attorney

Direct Counsel

Salt Lake City, UT • On-site

$260K - $310K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 13 days ago

Job description

Consumer Finance Associate Attorney

Direct Counsel is seeking a Consumer Finance Associate Attorney to join a prestigious Am Law firm.

Locations: Austin, TX; Boston, MA; Chicago, IL; Dallas, TX; Denver, CO; Detroit, MI; Houston, TX; Jacksonville, FL; Los Angeles, CA; Madison, WI; Miami, FL; Milwaukee, WI; Nashville, TN; New York, NY; Orlando, FL; Raleigh, NC; Sacramento, CA; Salt Lake City, UT; San Diego, CA; San Francisco, CA; Silicon Valley, CA; Tallahassee, FL; Tampa, FL; Washington, DC.

This is an exceptional opportunity for an attorney with 3-4 years of financial regulatory experience to join a nationally recognized Financial Regulatory practice. The team advises banks, credit unions, FinTech companies, non-bank lenders, servicers, consumer reporting agencies, and technology providers on a broad range of federal and state consumer finance laws, regulatory compliance, licensing, and enforcement matters.

Responsibilities

  • Advise financial institutions and FinTech companies on compliance with federal and state consumer finance laws and regulations.

  • Counsel clients regarding the Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), Real Estate Settlement Procedures Act (RESPA), and related consumer protection laws.

  • Conduct financial regulatory and state licensing analyses.

  • Draft, review, and negotiate commercial and consumer lending documents, contracts, and related agreements.

  • Advise clients on regulatory compliance, licensing, and operational issues affecting financial products and services.

  • Assist with regulatory enforcement investigations and agency actions, as needed.

  • Collaborate with multidisciplinary teams to provide strategic, business-focused legal solutions.

Qualifications

  • J.D. from an ABA-accredited law school.

  • Active membership in good standing with a U.S. state bar, with the ability to obtain admission in the applicable hiring jurisdiction.

  • 3-4 years of experience in financial regulatory or consumer finance law.

  • Experience advising banks, credit unions, FinTech companies, lenders, servicers, consumer reporting agencies, or technology providers.

  • Strong knowledge of TILA, FCRA, ECOA, RESPA, and related federal and state consumer financial laws.

  • Experience with regulatory compliance, licensing analyses, contract drafting, and lending documentation.

  • Experience with regulatory enforcement investigations is a plus.

  • Excellent analytical, drafting, communication, and client counseling skills.

Compensation & Benefits

  • Salary: $260,000-$310,000, commensurate with experience and qualifications.

  • Comprehensive benefits package, including:

    • Medical, dental, and vision insurance

    • 401(k) retirement plan

    • Disability and life insurance

    • Adoption assistance

    • Backup dependent care