Consumer Loan Funder - Hybrid

Job Location
United States-IL-Chicago
Work Status
Full-Time
Department
Consumer Loan Underwrit 375
FLSA Status
Non-Exempt
Requisition ID
2024-4071

In this role, you will support loan products by sending loan documents for signature and funding direct consumer and home equity loans. Review and audit loan closing documents to ensure they are correct and fully executed. Final contact with the member to ensure an excellent member experience and direct consumer and home equity loan closing activities to the member for signature following credit union policy and compliance with loan procedures.

Responsibilities

  • Send the loan documents for online signature and loan documents for wet signature and ends documents via electronic signature for Gap Modification agreements
  • Review and audit the loan closing documents to ensure they are correct and fully executed and update the system as needed for each funded loan
  • Set up automatic payments and process loan check reissues
  • Fund direct loans according to policy and within the regulatory guidelines by verifying that documents are executed properly and are complete
  • Prepare checks/advances for disbursements and assists with the wire transfer and funding of consumer and home equity loans
  • Ensure delivery of member correspondence regarding loan and payment set-up, complete subordination requests for applicable real estate loans and documents transactions in the core loan system
  • Work with other team members in answering inquiries and conducting research
  • Remain current on industry trends and implement best practices that result in improved performance

Education:

  • Hight school or equivalent - Minimum
  • Bachelors Degree - Business, Finance or Related - Preferred

 

Years of Experience:

  • 1 year of closing, processing, customer service or related - Minimum

 

 

You will benefit from:

  • Competitive medical, dental, and free vision benefits
  • Paid parental leave
  • Competitive compensation plan
  • Gym memberships discounts
  • Generous PTO and banking holidays off 
  • Tuition reimbursement
  • 401k with immediate employer match and vesting

 

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

 

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.

 

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