Loan Funding Processor
hace 12 días
Middletown
Job Description Join a team where accuracy, compliance, and attention to detail drive an exceptional member experience. As a Loan Funding & Settlement Processor II, you will play a critical role in funding and settling consumer and real estate loan transactions while ensuring all documentation, regulatory requirements, and funding conditions are met. This position serves as a key liaison between members, lending staff, attorneys, title companies, and other third-party vendors to ensure timely, accurate, and compliant loan closings. The ideal candidate thrives in a fast-paced environment, possesses strong analytical skills, and can independently manage a high volume of loan files from approval through settlement and funding. Essential Functions & Responsibilities • Process and fund consumer loans, home equity loans, HELOCs, and real estate loan transactions in accordance with established policies, procedures, and regulatory requirements., • Review loan documentation for completeness, accuracy, and compliance prior to funding., • Verify all underwriting, closing, and funding conditions have been satisfied before disbursement., • Coordinate loan settlements and closings with members, attorneys, title companies, appraisers, and other third-party vendors., • Review title commitments, payoff statements, settlement statements, insurance documentation, and collateral-related records., • Ensure all lien perfection, recording, and collateral documentation requirements are completed accurately and timely., • Process loan funding transactions through loan origination and core processing systems., • Board new loans and update member records within applicable systems., • Review closing packages and supporting documentation to ensure regulatory compliance and funding eligibility., • Identify documentation deficiencies, resolve exceptions, and communicate required corrections to internal and external stakeholders., • Calculate loan disbursements, payoff amounts, escrow requirements, and settlement-related figures as needed., • Prepare, review, and maintain funding and settlement records in accordance with record retention policies., • Scan, upload, and electronically maintain loan documentation within the document management system., • Monitor loan pipelines to ensure timely processing and funding., • Respond promptly to inquiries from members, lending staff, attorneys, title companies, and other business partners., • Maintain a high level of service while balancing quality, accuracy, and production standards., • Assist with quality control reviews and process improvement initiatives within the lending operations department., • Stay current on lending regulations, compliance requirements, and operational procedures. Products Supported This position primarily supports: • Consumer Loans (Auto Loans, Personal Loans, Credit Cards, Recreational Vehicle Loans, and other consumer lending products), • Home Equity Loans, • Home Equity Lines of Credit (HELOCs), • Real Estate Loans, • Mortgage-Related Lending Products Required • High School Diploma or equivalent., • 2+ years of experience in loan processing, loan funding, loan operations, mortgage processing, consumer lending, or financial services., • Working knowledge of consumer lending documentation and funding processes., • Strong attention to detail with the ability to review and analyze complex loan documentation., • Proficiency in Microsoft Office Suite, including Excel and Outlook., • Strong communication, organizational, and problem-solving skills., • Ability to effectively manage multiple priorities in a deadline-driven environment. Preferred • Associate's or Bachelor's degree in Business, Finance, Accounting, or a related field., • Experience processing consumer loans, home equity loans, HELOCs, and real estate loans., • Familiarity with loan origination systems and core banking platforms., • Knowledge of lending regulations, compliance requirements, and settlement procedures., • Experience working with title companies, attorneys, settlement agents, and other third-party vendors. -Skills & Competencies • Loan Documentation Review, • Consumer & Real Estate Lending Knowledge, • Funding & Settlement Processing, • Regulatory Compliance, • Attention to Detail, • Quality Control, • Critical Thinking, • Time Management, • Customer Service, • Process Improvement, • Multitasking in a High-Volume Environment