Loan Funding & Settlement Processor III - Middletown, NY

Heritage Financial Credit Union; Crystal Run Station (NY); On-site; USD 50,000 - 62,000; Full time

Benefits offered by this job

Paid Time Off

Health Insurance

401(k) Matching

Educational Assistance

Volunteer Time

Job summary

Heritage Financial Credit Union is seeking a Loan Funding and Settlement Processor III to lead the funding of complex commercial and residential real estate loans. This role involves close collaboration with lending, legal, title, and executive teams to ensure accurate and timely closings.

You will mentor junior staff, resolve intricate documentation issues, and enforce regulatory compliance while supporting organizational goals and risk management.

Qualifications

• 5+ years of progressively responsible loan processing, closing, or funding experience.
• Extensive experience with commercial and residential real estate lending.
• Bachelor’s degree in Business/Finance or related field preferred or equivalent experience.

Responsibilities

• Process, close, and fund complex commercial loan transactions including CRE and construction.
• Coordinate residential real estate purchase and refinance closings.
• Review complex legal documents, entity structures, title commitments, and closing instructions.
• Coordinate closings with attorneys, title companies, borrowers, and lenders.
• Verify pre-closing and funding conditions before funding.

Skills

Real estate lending

Loan documentation

Closing & funding

Regulatory compliance

Mentoring

Communication

Analytical thinking

Education

Bachelor’s degree in Business/Finance

Job description

Description

Join a team where your experience makes a difference. As a Loan Funding and Settlement Processor III at Heritage Financial Credit Union, you’ll play a key role in guiding complex commercial and residential real estate loans from closing through funding. You’ll bring your expertise to solving unique challenges, supporting teammates, and partnering across the organization to make sure every loan is handled accurately, smoothly, and with care.

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 III is the senior technical expert responsible for processing, closing, settling, and funding the organization's most complex commercial and residential real estate loan transactions. This position manages commercial real estate loans, complex commercial lending relationships, residential real estate purchases and refinances, construction and participation loans, and other specialized lending products. The Loan Settlement and Funding Processor III provides technical leadership, mentors department staff, resolves complex documentation issues, and partners with lending, legal, title, and executive leadership to ensure accurate and timely loan closings.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

• Process, close, and fund complex commercial loan transactions, including commercial real estate, construction, participation, and other specialized commercial lending products.
• Coordinate residential real estate purchase and refinance closings.
• Review complex legal documentation, entity structures, trust documents, collateral packages, title commitments, surveys, settlement statements, and closing instructions.
• Coordinate loan closings with attorneys, title companies, borrowers, commercial lenders, and other external partners.
• Verify all pre-closing and funding conditions have been satisfied prior to funding.
• Review and authorize funding for complex loan transactions requiring advanced technical expertise.
• Serve as the department's subject matter expert for complex loan documentation and funding.
• Resolve advanced documentation, legal, collateral, and funding exceptions.
• Ensure compliance with federal and state regulations, internal policies, investor requirements, and audit standards.
• Review complex collateral perfection requirements, UCC filings, title exceptions, insurance coverage, and post-closing documentation.
• Conduct quality assurance reviews on complex loan files and identify operational or compliance risks.
• Provide technical guidance, mentoring, and training to Loan Settlement and Funding Processor I and II staff.
• Develop and update departmental procedures and job aids.
• Lead implementation of new loan products, funding procedures, and system enhancements.
• Participate in internal audits, regulatory examinations, and operational reviews.
• Collaborate with Lending, Legal, Compliance, Accounting, and executive leadership to resolve complex loan closing issues.
• Analyze departmental workflows and recommend process improvements that increase operational efficiency and mitigate risk.
• Serve as the department lead or backup supervisor as assigned.
• Perform other duties as assigned.

Requirements

EDUCATION/CERTIFICATION:

Bachelor’s degree in Business, Finance, or related field preferred; equivalent combination of education and experience considered

KNOWLEDGE:

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

EXPERIENCE:

• 5 or more years of progressively responsible loan processing, closing, or funding experience.
• Extensive experience with commercial lending, commercial real estate lending, residential real estate purchases and refinances, construction lending, and participation loans.
• Experience serving as a technical lead or mentor preferred.

SKILLS/ABILITIES:

• Expert knowledge of commercial and residential real estate loan documentation and settlement processes.
• Advanced understanding of commercial lending structures, business entities, trusts, collateral perfection, title insurance, UCC filings, and construction lending.
• Strong knowledge of closing disclosures, settlement statements, title commitments, and real estate closing requirements.
• Exceptional analytical, organizational, and problem-solving skills.
• Demonstrated ability to independently manage multiple high-complexity loan closings.
• Excellent communication, collaboration, leadership, and mentoring skills.
• Ability to interpret regulations, policies, and legal documentation while exercising sound independent judgment.

What's in it for you?

Salary: $36.34 - $45.43 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.