Loan Funding & Settlement Processor I - Middletown, NY

Heritage Financial Credit Union; Kentucky; On-site; USD 28,000 - 36,000; Full time

Benefits offered by this job

Paid Time Off

Medical Insurance

401(k) with Employer Match

Educational Assistance

Flexible Spending Accounts

Job summary

Heritage Financial Credit Union is seeking a Loan Funding and Settlement Processor I to ensure accurate funding of consumer and indirect loans. You will review documentation, verify funding conditions, and coordinate with dealerships and internal teams to resolve issues while maintaining compliance and quality service.

You will handle loan packaging, posting, and funding activities, with emphasis on accuracy and timely processing, contributing to member satisfaction and operational efficiency.

Qualifications

• Two-year college degree preferred, plus two years of loan processing experience.
• Strong knowledge of lending operations, loan funding processes, and regulatory compliance.
• Experience managing operational SLAs, KPIs, and performance reporting.

Responsibilities

• Process and fund consumer and indirect loans per procedures and regulatory requirements.
• Review dealer documentation and electronic contracts for completeness and funding eligibility.
• Verify funding conditions before loan disbursement and coordinate with dealerships and staff.
• Board new loans and members into systems prior to funding.
• Prepare and mail Welcome packets after funding.
• Perform quality control reviews of loan packages for completeness.

Skills

Attention to detail

Communication skills

Organizational skills

Time management

Independent work

Team collaboration

Loan systems

Confidentiality

Education

Two-year degree

Tools

Loan origination system

Core banking systems

Microsoft Office

Document imaging software

Job description

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.

Our Core Values

• 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

Position Purpose

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.

Essential Functions and Responsibilities

• 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 documentation and funding issues.
• Perform additional duties as assigned.

Requirements

Education/Certification

Two-year college degree preferred, plus two years of loan processing experience; or a comparable combination of education and experience.

Knowledge

Strong knowledge of lending operations, loan funding processes, settlement procedures and indirect lending workflows. Ability to prepare executive level reporting and communicate operational performance effectively. Knowledge of Lending regulations, compliance requirements, and operational risk practices.

Experience

• 1-3 years of loan processing, lending operations, financial services, or related experience preferred.
• Experience with indirect lending or consumer loan funding is preferred.
• Experience managing operational SLAs, KPIs, and performance reporting.
• Experience developing and maintaining QC processes and operational controls.

Skills/Abilities

• Basic knowledge of consumer and indirect loan documentation and funding procedures.
• Strong attention to detail with the ability to identify documentation discrepancies.
• Excellent organizational and time management skills with the ability to prioritize multiple deadlines.
• Strong written and verbal communication skills when working with dealerships and internal business partners.
• Proficiency using loan origination systems, core banking systems, Microsoft Office applications, and document imaging software.
• Ability to maintain confidentiality while handling sensitive financial information.
• Ability to work independently while contributing effectively within a team environment.
• Commitment to accuracy, quality, and providing exceptional member and dealer service.

What's in it for you?

Salary

$20.79 - $25.99 per hour (depending on experience)

Benefits

• Paid Time Off & Paid Federal Holidays
• Medical, Dental, Vision & Life Insurance
• Employee Assistance Program
• Flexible Spending Accounts (FSA)/Health Savings Accounts (HSA)
• Supplement Benefits: Critical Illness Care, Identity Theft Protection, Pet Insurance, Legal Services
• BenefitsPlus+ perks program (travel, entertainment, gift cards and so much more)
• CareNet - benefits concierge service
• 401(k) with 5% Employer Match
• Educational Assistance
• Paid Time to Volunteer
• HFCU Logo-wear (that our employees wear with pride!)

Equal Opportunity Statement

Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status.