Indirect Loan Funding Clerk
About The Position
The Indirect Loan Funding Clerk is responsible for reviewing indirect loan packets from dealers to ensure completeness according to bank guidelines, preparing ACH transactions for dealer funding, and providing excellent service to dealerships and internal bank employees. This role also involves requesting missing documentation, assisting with new dealership setups, maintaining dealer information, and supporting the Loan Servicing department with outstanding titles. The clerk must stay current with compliance requirements for indirect loan contracts and complete all mandatory training, including BSA and Anti-Money Laundering procedures. Regular attendance and adherence to all rules and regulations are essential.
Requirements
- High School Diploma or G.E.D. required.
- Minimum of one (1) year of experience in banking or financially related field.
- Minimum of one (1) year of experience in a customer service position.
- Proven customer service skills, direct contact and via phone.
- Knowledge of Word, Excel, Internet navigation/research, and Outlook is expected.
Nice To Haves
- Bachelor’s Degree in Business Mgt., Accounting or Finance preferred.
- One (1) year of experience in loan, or loan operations preferred- specifically indirect lending.
Responsibilities
- Review all indirect loan packets received from dealers for completeness using established bank guidelines.
- Prepare and complete ACH transactions to fund dealers on reviewed loans.
- Provide professional and courteous service to existing and newly acquired dealerships, external loan clients, and internal bank employees.
- Request missing loan documents from dealers and/or underwriters.
- Assist with setup of newly acquired dealerships.
- Maintain dealer account numbers and other dealership information in an organized manner.
- Assist the Loan Servicing department with obtaining outstanding titles from dealers.
- Keep up to date on all compliance requirements regarding indirect loan contracts and supporting documents.
- Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations.
- Regular, predictable attendance is an essential requirement of this position.
- Complete all other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
