Loan Funding Specialist

Description

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 organization’s 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 Vibrant's financial service standards, policies, Bank Secrecy Act, and NCUA rules and regulations

Requirements

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.