Loan Funding Specialist

Vibrant Credit Union • Moline, IL

2d

About The Position

The Loan Funding Specialist reviews loans from Loan Programs and manages investor reporting, investor relations, loan pools, day-to-day operations, and loan portfolio reporting. The role reviews, funds, and processes funding for all HELOC and Loan Program loans in the organization’s portfolio. It also supports loan pool purchases, sales, and participations; maintains investor and vendor relationships; and helps ensure accurate, compliant loan documentation and processing.

Requirements

• High school diploma or equivalent required.
• 1–2 years of experience 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 executing loan closing processes.
• Ensure missing or erroneous information is properly documented.
• Review full loan documents, including applications, disclosures, member documentation, and supporting documents.
• Provide members with necessary documentation at closings.
• Ensure compliance with Vibrant’s financial service standards and policies, the Bank Secrecy Act, and NCUA rules and regulations.
• Coordinate and communicate with loan origination and other servicing departments to support efficient processes.
• Execute post-funding processes for fund transfers, pre-authorized payments, titles, document storage and retention, and error management.
• Complete loan closing processes and resolve assigned tickets within service-level agreements.
• 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 the post-closing HELOC workflow.
• Assist in reviewing, documenting, and examining loan pools being 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 other departments regarding loan pool purchases and sales.
• Research and provide loan pool information for committees and board reporting.
• Facilitate, review, and maintain due diligence information.
• Track exceptions and trailing items and escalate them as needed.
• Manage Vibrant’s investor and participation modules in the core banking system.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED