Consumer Loan Funder

Ultipro; Chicago (IL); Hybrid; USD 42,000 - 59,000; Full time

Benefits offered by this job

Annual performance bonus

Hybrid work option

Paid parental leave

Employee discount programs

Paid time off

11 paid holidays

Job summary

Alliant Credit Union in Chicago seeks a detail-oriented loan funding processor to verify documents, coordinate with underwriters and lenders, and facilitate timely disbursements for funded loans.

You will manage the funding pipeline, audit closing packages, set up automatic payments, and liaise with vendors to ensure lien recording and accurate subordination documents while maintaining compliance with policy and regulatory guidelines.

Qualifications

• Minimum - High School or Equivalent.
• Minimum - 1 year Closing, processing, customer service or related.

Responsibilities

• Verify loan documents and coordinate with departments to ensure compliance.
• Manage funding pipeline and prioritize tasks to meet deadlines.
• Send loan documents for online and wet signature.
• Review and audit closing documents for accuracy and full execution.
• Coordinate with underwriters, loan consultants and team members for timely funding.
• Set up automatic payments and process loan check reissues.
• Fund direct loans according to policy and regulatory guidelines.
• Prepare checks/advances for disbursements and assist with wire transfer.
• Document transactions in the core loan system and handle lien-related tasks.
• Maintain rejection tracker and address defects with vendors.

Skills

Customer service

Processing

Closing

Education

High School diploma or equivalent

Job description

Ensure the efficient and accurate processing of loan funding requests. Verify loan documents, coordinate with various departments to ensure compliance, and facilitate the disbursement of funds. Serve as the final contact with the member to ensure an excellent member experience. Collaborate with third-party vendors to ensure timely recording of HELOC liens and assist with document reconciliation to confirm Alliant is listed as the lien holder for funded HELOC applications.

• Manage the funding pipeline and prioritize tasks to meet deadlines.
• Send the loan documents for online and wet signature
• Review and audit the loan closing documents to ensure they are correct and fully executed and update the system for each funded loan
• Coordinate with underwriters, loan consultants, and other team members to ensure timely funding
• Responsible to set up automatic payments and process loan check reissues
• Fund direct loans according to policy and within the regulatory guidelines by verifying that documents are executed properly and are complete.
• Prepare checks/advances for disbursements and assists with the wire transfer
• Ensure delivery of member correspondence loan and payment set-up, complete subordination requests for real estate loans and document transactions in the core loan system
• Maintain the rejection tracker, promptly resolving rejected loan documents, correcting deficiencies, and collaborating with vendors to identify and address rejection causes
• Remain current on industry trends and implement best practices that result in improved performance

Education &Years of Experience

• Minimum - High School or Equivalent
• Minimum - 1 yearClosing, processing, customer service or related

License/Certifications/Training

• Preferred: Notary Public

Typical hiring range:

$41,900.00 to $59,400.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.

Benefits:

Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:

• Annual performance bonus
• Work from home up to 3 days a week
• Paid parental leave
• Employee discount programs
• Time off including paid personal and sick days
• 11 paid holidays

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.