Loan Funding Specialist
About The Position
The Loan Funding Specialist reviews and processes HELOC and Loan Program loans, including loan closing and funding activities. The role also manages investor reporting and relationships, loan pools, day-to-day operations, and reporting on loan portfolio information. The position works with loan origination, servicing, underwriting, finance, investors, vendors, and other departments to support loan funding and portfolio management. The job operates in a professional office environment and uses standard office equipment. Responsibilities include reviewing loan documentation, managing post-funding and post-closing processes, responding to member and internal inquiries, maintaining loan records and tracking exceptions, and supporting due diligence and reporting for loan pool purchases and sales. Duties may change at any time, with or without notice.
Requirements
- High school diploma or equivalent.
- 1–2 years of experience working in consumer loan review, lending, or credit administration.
- Understanding of commercial lending practices and collateral documentation.
- Experience with core banking systems, phone and ticketing systems, and loan origination platforms.
- Working knowledge of compliance and lending laws and regulations.
- Proficiency in Microsoft Suite.
Responsibilities
- Review loan applications for completeness and accuracy before loan closing.
- Document missing or erroneous information identified during review.
- Review full loan documents, including applications, disclosures, member documentation, and supporting documents.
- Provide members with necessary documentation at loan closings.
- Comply with Vibrant's financial service standards and policies, the Bank Secrecy Act, and NCUA rules and regulations.
- Coordinate and communicate with loan origination and servicing departments to support efficient processes.
- Complete post-funding processes involving fund transfers, pre-authorized payments, titles, document storage and retention, and error management.
- Complete loan closing processes within Service Level Agreements (SLAs).
- Resolve assigned tickets within SLAs.
- Work on special projects and assignments as appointed by management.
- Assist with storage and retention of loan documentation in the content management system.
- Troubleshoot and resolve member and internal inquiries in a timely, friendly, and accurate manner.
- Manage post-closing HELOC workflow.
- Assist in reviewing, documenting, and examining loan pools considered for purchase, sale, or participation.
- Collaborate with Underwriting and Finance to recommend loan pool purchases and sales based on organizational needs.
- Review and reconcile monthly reporting received from and sent to third-party investors and sellers.
- Review investor-provided loans for policy and organizational finance requirements.
- Manage relationships with loan pool vendors, investors, and buyers.
- Communicate with departments regarding loan pool purchases and sales.
- Research and provide loan pool information for committees and Vibrant's board reporting.
- Facilitate, review, and maintain due diligence information.
- Track exceptions and trailing items and escalate as needed.
- Manage Vibrant's core system investor and participation modules within the core banking system.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
