Loan Funding Specialist Job at Vibrant Credit Union, Moline, IL

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  • Vibrant Credit Union
  • Moline, IL

Job Description

Loan Funding Specialist Location Moline, IL : : Shift: First Shift,Mon,Tue,Wed,Thu,Fri

In a Nutshell: The Loan Funding Specialist is responsible for driving the review of loan pools, investor relations, the day-to-day operations and reporting of portfolio information. This position will be required to review, fund, and process the funding of all HELOC and Loan Program loans in the organization's portfolio.

The Nitty Gritty

Loan Funding: Assists with the HELOC/Loan Program's closing process by reviewing documents for compliance, completeness, and accuracy. Book new loans on the system with accuracy to assure the member's loan is set up correctly. Fund and review loans for investors and obtain any missing information requested by potential buyers in a timely fashion. Able to move funds between appropriate GL's. Additionally, able to process all prefunding change requests, insurance purchases, and ensure borrower documents are accurate and complete both pre-sending and post-receiving signed documents from borrowers.

Loan Pools/Participations: The Loan Funding Specialist will assist in the review, documentation, and examination of loan pools that the organization is looking to purchase or participate in for future portfolio management. This position will collaborate with Underwriting and Finance to provide recommendations on pool purchases and sales dictated from organizational needs. Additionally, will be responsible for the review and reconciliation of monthly reporting both received and sent to 3rd party investors and sellers. Experience and Skills:

What to expect when you're expecting…to get the job:

  • Provide exceptional experience to help drive sales and service.
  • Be quick to engage when there is an opportunity for interaction.
  • Positively contribute to your individual Team dynamic and the organization as a whole.
  • Dare to be different. Have fun doing it.
  • Successfully meet individual goals and objectives.

Do you have what it takes?

  • High School Diploma required. Associate degree in business, accounting, or a related field or equivalent experience preferred.
  • Preferred knowledge of Core system and lending practices.

These are the must haves aka minimum requirements for the job:

To be successful in this position, an individual must be detail oriented, dependable, tactful, accurate, and patient. This individual should also possess excellent verbal communication skills and mathematical reasoning ability. They must understand all Vibrant Credit Union products and services. It is essential that this individual understand and abide by the strict confidentiality policies that are necessary in any financial institution. Job Benefits:

From: Vibrant Credit Union

Job Tags

Full time, Shift work,

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