Farmers Insurance

DMV Loan Processor - Credit Union

Posted on: 9 Sep 2022

Burbank, CA

Job Description

We are Farmers!

We are… more than just your favorite commercials. We are a passionate, award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture! We are Farmers!

Do you thrive in a high-volume, fast-paced environment? Do you enjoy the challenge of a position where no two days are alike? We are looking for positive, high-energy professionals who are not just looking for a job, but a meaningful career!

Job Summary

The DMV Loan Processor handles all duties associated with the auto lien process for the Credit Union. This includes, but is not limited to, ensuring member information is added to the vehicle title, processing collateral releases upon payoff, as well as reviewing/managing various reports associated with the loan and following up on needed items or discrepancies. In addition to processing and maintaining DMV records to ensure Credit Union compliance, also responsible for validating the security interests of vehicle portfolios (e.g. ensuring vehicle loans correctly list Credit Union and lien information).

Essential Job Functions

Handles DMV title tracking activities to assure all necessary titles have been perfected.
This includes reviewing pending title reports for items missing or for discrepancies and takes appropriate action to resolve such issues, generates 30/60/90 day follow up letters, and reviews incoming paper/electronic vehicle titles for completeness and accuracy and then files/archives them accordingly.
Reviews and acts upon various vehicle lien related activities including adding lienholder information to title when vehicle is financed, releasing vehicle title to members when lien is satisfied, assisting collections department with repossession paperwork and processes requests for duplicate copies of Lien Releases when original is lost or destroyed.
In addition, also handles title change requests, applications for duplicate titles, and addresses as well as resolves member questions, problems and complains relating to vehicle liens.
Processes, pays, or rejects Sight Drafts for applicable states, handles Letters of Guarantee for insurance companies as well as Letters of Permission requests for members.
Performs other duties as assigned.

Education Requirements

High school diploma or equivalent required.

Experience Requirements

At least two years' experience working in a financial institution required

Special Skill Requirement

Prior knowledge of MS Office (Word, Excel, PowerPoint, etc.) and computer skills required.

Demonstrated strong organizational, written and verbal skills preferred

Farmers Insurance

Woodland Hills, CA

Farmers Group, Inc., doing business as Farmers Underwriters Association, operates as a multiline insurer. The company provides auto insurance and recreational insurance, including auto, collectible auto, motorcycle, boat, travel trailer, motor home, off-road, and food truck insurance; home insurance, such as mobile and manufactured home insurance, homeowner insurance, specialty home insurance, condo insurance, earthquake insurance, and flood insurance; and business insurance that covers property, liability, crime, auto, and worker compensation.

It also offers rideshare insurance coverage for ride-hailing drivers; liability and physical damage insurance that focuses on private passenger vehicles; personal umbrella coverage insurance; health insurance; and life and financial insurance that includes term life and whole life insurance, annuities, and mutual funds. The company was incorporated in 1927 and is based in Woodland Hills, California with additional offices in the United States. Farmers Group, Inc. operates as a subsidiary of Zurich Insurance Group Ltd.

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