Loan Funding Processor

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