Loan Funding & Settlement Processor - Middletown, NY

Description

Join a team where your attention to detail keeps lending moving. As a Loan Funding and Settlement Processor I at Heritage Financial Credit Union, you'll play an essential role in ensuring loans are funded accurately, efficiently, and in compliance with regulatory requirements. Working closely with dealerships and lending professionals, you'll help create a smooth experience from approval to funding while making a meaningful impact on our members and business partners every day.

Here's a little about us:

Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams. Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive.

We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed.

• Experience:
  
  Go Above Expectations;
  Create Positive Moments;
  Personally Acknowledge
• Service:
  Deliver As One Team;
  Stay A Step Ahead;
  Guide with Product Expertise
• Integrity:
  Do What's Right;
  Speak the Truth;
  Own Our Actions
• People:
  Grow Together;
  Respect Every Voice;
  Build Trusting Relationships;
  Strengthen Culture & Community

The Loan Funding and Settlement Processor I is responsible for processing and funding consumer and indirect loan transactions while ensuring accuracy, compliance, and exceptional service to internal and external partners. This position performs detailed document review, funding verification, loan boarding, and funding activities while maintaining required records and communicating with dealerships and internal lending staff to resolve documentation issues. Work is performed under general supervision following established policies and procedures.

• Process and fund consumer and indirect loans in accordance with established procedures, regulatory requirements, and service level expectations.
• Review dealer documentation and electronic contract packages for completeness, accuracy, and funding eligibility.
• Verify all funding conditions have been satisfied prior to loan disbursement.
• Process loan funding transactions through the loan origination system and core processing system.
• Board new loans and members into applicable systems prior to funding.
• Complete manual dealer funding transactions through online banking when required.
• Calculate and communicate Perfection of Interest (POI) requirements to dealerships as necessary.
• Upload insurance binders and required documentation to State National.
• Prepare and mail Welcome Member packets following loan funding.
• Perform quality control reviews of mailed and electronically contracted loan packages to ensure all required documentation has been received.
• Cross-reference loan documentation with loan origination system data to verify accuracy and completeness.
• Identify documentation deficiencies and ensure corrections are received before funding.
• Scan funded loan packets into the document imaging system for retention.
• Maintain complete and accurate loan files in accordance with record retention requirements.
• Monitor and respond to dealer emails, loan origination system comments, and funding inquiries throughout the day.
• Communicate funding delays and required documentation corrections to dealerships in a timely and professional manner.
• Respond to dealer phone calls, emails, and internal inquiries regarding loan status and funding requirements.
• Update underwriting e-tickets and loan comments with current funding information and documentation status.
• Coordinate with loan officers, underwriters, dealerships, and other internal departments to resolve…