Loan Funding Specialist
Moline, IL - USA
Job Summary
Position Overview: The Loan Funding Specialist completes loan funding processes for consumer and commercial loans. This position will be required to review fund and process the funding of all consumer and commercial loans in the organizations portfolio.
What You Will Do:
- Complete loan fundings process for consumer and commercial loans within origination system(s) and core banking system
- Prepare loan documentation for new commercial loans and commercial loan renewals
- Ensure proper documentation of any missing or erroneous information identified
- Conduct a thorough review of full loan documents including but not limited to loan applications disclosures member documentation and supporting documents
- Provide members with any necessary documentation at closings on all loans
- Execute post-funding related processes for fund transfers UCC filings document storage and retention and error management
- Maintains effective coordination and communication with loan origination and other servicing departments to ensure efficient processes
- Assist with proper storage and retention of loan documentation within the content management system
- Maintain loan documentation within third-party system to meet pledging requirements
- Work on special projects and assignments as appointed by management
- Troubleshoot and resolve member and internal inquiries in a timely friendly and accurate manner
- Complete loan closing and funding processes while meeting Service Level Agreements (SLAs)
- Ensure full compliance with Vibrants financial service standards policies Bank Secrecy Act and NCUA rules and regulations
Our Ideal Candidate:
- High school diploma or equivalent required
- 1-2 years experience working in consumer loan review lending or credit administration
- Understanding of commercial lending practices and collateral documentation
- Experience with core banking systems phone and ticketing systems and loan origination platforms
- Working knowledge of compliance and lending laws and regulations
- Proficient in Microsoft Suite
Reports to
- Loan Funding & Servicing Manager
Environmental and Physical Activity Requirements: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers phones photocopiers filing cabinets and fax machines. The daily responsibilities of this position
constantly require effective talking hearing walking finger dexterity reaching stooping and grasping functions. The position also often requires reaching and lifting (up to 25 pounds). Frequent sitting standing and repetitive motion activities are also required. Must be able to read print and computer-based materials and to do so with consistent accuracy. Most of these functions require light physical exertion and are conducted indoors at controlled degrees of temperature.
Other Duties: This job description is not designed to cover or contain a comprehensive listing of activities duties or responsibilities that are required of the employee for this job. Duties responsibilities and activities may change at any time with or without notice.
Required Experience:
IC
About Company
Find the best high-yield savings (HYSA), high-yield checking accounts, and CD rates available. Open an account online in minutes at Vibrant Credit Union.