Massachusetts Institute of Technology Lending Representative, Credit Union in Cambridge, Massachusetts

Lending Representative, Credit Union

  • Job Number:


  • Functional Area:

Credit Union

  • Department:

Credit Union

  • School Area:

Credit Union

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  • Visa Sponsorship Available:


  • Schedule:

35 hrs/wk., 9:00 A.M. - 5:00 P.M.

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Working at MIT offers opportunities, an environment, a culture – and benefits – that just aren’t found together anywhere else. If you’re curious, motivated, want to be part of a unique community, and help shape the future – then take a look at this opportunity.

CONSUMER LOAN PROCESSOR, MIT Federal Credit Union (MITFCU), to prepare consumer/home equity loan applications for underwriting submission, closing, and funding. Responsibilities include processing consumer/home equity applications; collecting documents, including appraisals, credit reports, income, assets, and other pertinent information; working with members to obtain documents that are necessary for the completion of loan applications, educating them on rates and plans, and answering any inquiries needed to fund and close the loan; monitoring outstanding applications and following-up with members; sending lender disclosures within appropriate regulatory guidelines; entering member information, early disclosures, or closing documents in member close database; communicating with closing attorneys regarding disclosures and loan documentation and obtaining clear to close; reviewing loan package to ensure all documents are enclosed, complete, and accurate prior to closing; booking loans, sending member disbursements to other creditors, and updating member information to the core XP system; and processing recording of liens with appropriate Registry of Deeds, tracking outstanding liens, and assisting consumer loan officer with processing consumer loans. Position involves regular member contact in order to obtain necessary loan documents, confirm accuracy of application, process loan requests, and expedite closing.

Job Requirements

REQUIRED: a high school diploma or its equivalent certificate of education; at least one year of experience in the banking or credit union industry; superior member service skills and ability to form long-term business relationships; excellent internal service skills; clear, concise verbal and written communication skills; and solid working knowledge of personal computers, preferably with Microsoft Office proficiency. Associate’s degree and/or college coursework preferred; as is experience in lending, credit union operations, or related field. Job #15806-4


MIT is an equal employment opportunity employer. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, sex, sexual orientation, gender identity, religion, disability, age, genetic information, veteran status, ancestry, or national or ethnic origin.