Loan Funding - Loan Funder

Looking for your next career step in banking?  Join our team of dedicated Loan Funders who review all documentation for properly closing our loans. This team performs the critical functions that result in the accurate funding and on-boarding of all consumer loan products, credit cards, indirect auto loans and leases, mortgage products, and commercial loans. This team also services credit union members, dealers, vendors, and attorneys related to loan closings. 

Essential Job Functions:

• Review new loan documents for accuracy on a variety of consumer, indirect auto, mortgage, and commercial products; produce required paperwork ensuring correct loan terms and parameters prior to loading loans to core system; ensure all member and loan information correlates to loan request and determine whether documents are compliant with government regulations and credit union policies.
• Verify all loan stipulations and conditions, obtain any missing documentation, determine if documentation provided satisfies loan requirements, notify parties involved in any discrepancies, and follow up until issues are resolved. 
• Provide support to front line credit union staff and dealers or vendors to execute loans documents accurately and successfully via a variety of sources including electronic, on-line signing, etc.
• Establish new member accounts following established guidelines and regulations which include determination of eligibility, fraud detection and prevention, and identity verification.
• Collect and post to general ledgers (“GLs”), any fees, escrow, etc. associated with loan products.  Process Automated Clearing House (“ACH”) file, wires, or other forms of account funding and disbursement of loan proceeds to dealers, attorneys, members, etc.; perform daily balancing of loan transactions and reconciliation of GLs.
• Coordinate with indirect and commercial sales teams, front line credit union retail employees, and consumer and mortgage operations teams, to review approval requirements and expedite funding procedures.
• Respond promptly to all inquiries regarding the establishment of new loans, requests for research on pending or funded loans, and adjustments; update contact information, as needed.  Correspond with new or existing loan members and generate letters, statements, or loan documents upon request.
• Perform quality control and required loan maintenance post-closing; identify and resolve any mapping or booking errors related to required loan fields; submit completed checklists for each loan; guarantee all supporting documentation is attached to loan files and alert management to system issues.
• Manage individual pipeline of assigned loan closings, prioritize loans based on department needs and product volume, and set and meet appropriate expectations on funding turnaround time.  Monitor funding queues and scheduling calendars; schedule closings as needed; communicate conflicts or funding delays.

Requirements:

• Education and Experience
• Bachelor’s degree and/or equivalent combination of education and work experience strongly preferred.
• Minimum 1-2 years related experience strongly preferred.
• Knowledge of banking and lending platforms desired.

• Skills/Knowledge/Certifications
• Demonstrated ability to multitask and prioritize; ability to juggle multiple deadlines at once
• Proven skills with problem solving, make decisions, and strong follow through
• Exceptional attention to detail required
• Strong oral and written and communication skills.
• Ability to work independently while being responsive to the team for the department needs.

Work Environment:

• Must be willing to work some Saturdays (rotation within the team) and Overtime as needed
• Position is eligible for Hybrid Work Agreement: minimum of 3 days/week in office. (Tuesdays, Wednesdays, and another day to be worked out within department).  
• Position is eligible for Compressed Work Agreement (4x10) – all four days must be on-site in Chelsea.

Why Join our Team:

• Comprehensive Benefits:

• Health, Dental, and Vision coverage for employees working minimum of 20 hours/week; Metro provides assistance toward premiums and copays
• Annual bonus eligibility; annual retention bonus vesting program
• Three weeks paid vacation; 11 paid holidays
• 401(k) with matching plan & safe harbor plan – allowing every employee to save for retirement
• Wellness Incentives; Employee Assistance Program; Flexible Spending Account; Health Savings Account; Prescription Drug program and range of voluntary benefits (LTD, STD, AD&D); access to no-interest loans; $150/Quarter reimbursements for wellness and lifestyle expenses
• Discounts on Pet Insurance

• Strong growth opportunities with development plans and position-related or job-related tuition assistance to help you attain your long-term career goals
• Growing, dynamic environment - no day is ever the same and join an exceptional team of co-workers
• Exceptional Learning & Development opportunities (classroom, on-the-job, and mentoring) 
• Stable and growing organization

This is an exciting time to join our organization - Apply Today to learn more!