Loan Funding Specialist - Harrisburg, PA

Mid Penn Bancorp; Harrisburg (Dauphin County); On-site; USD 48,000 - 63,000; Full time

Benefits offered by this job

Benefits package

Job summary

Mid Penn Bank is seeking a Loan Funding Specialist in Harrisburg, PA to manage payments and funding for participated, swapped, syndicated, and SBA loans. The role ensures timely processing and distribution of advances per loan terms.

The position also includes mentoring loan servicing staff, supporting department operations, and collaborating with other teams to maintain accuracy and efficiency. Strong attention to detail and loan processing knowledge are required.

Qualifications

• High school diploma or equivalent; some college preferred.

Responsibilities

• Record and remit payments for participated, swapped, syndicated, and SBA loans.
• Fund new loans and ensure advances are processed timely and distributed per loan terms.
• Provide guidance and training to new or less experienced loan servicing staff.
• Assist department management with tasks to support operations.
• Review and verify maintenance entered in core system for all loan types.
• Coordinate work tasks with other departments to ensure smooth information flow.
• Prepare billing notices and reports for internal and external distribution.

Skills

Loan processing

MS Word

MS Excel

Attention to detail

Customer service

Education

High School Diploma

Tools

Microsoft Access

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Loan Funding Specialist - Harrisburg, PA

Regular Full Time Harrisburg, PA, US

2 days ago Requisition ID: 3406

A great experience starts with a great team! Mid Penn Bank is actively seeking a Loan Funding Specialist in Harrisburg, PA

We believe that our ongoing success depends upon a skilled, satisfied and valued work force. As a member of our team, you can expect opportunities to develop your skills to help you excel in your role and achieve your professional career goals. We offer a comprehensive range of flexible benefits to support your personal and financial well-being. Our inclusive culture encourages all employees to share ideas, collaborate, and contribute to the values that make us a winning team for our customers, shareholders, and communities.

Position Overview

The Loan Funding Specialist is responsible for recording and remitting payments related to participated, swapped, syndicated, and SBA guaranteed loans. This individual is also responsible for funding new loans, ensuring that advances are processed timely, accurately, and distributed to appropriate parties per the terms of the loan. They are responsible for providing guidance and on-the-job training to new and/or less experienced members of the loan servicing team and will also assist department management with tasks and duties to support department operations.

Essential Duties and Responsibilities

• Performs loan maintenance changes to the core servicing system, in accordance with current maintenance procedures.
• Manages financial transactions and reporting process with secondary market loans, including participations, swap loans, syndications, and SBA loans.
• Completes research and makes necessary corrections to loans, including payment corrections, rate changes, and interest adjustments.
• Reviews and verifies maintenance entered by other users of core system for all loan types.
• Accepts and processes draws on lines of credit for purchased participation loans.
• Monitors, completes, and assigns maintenance requests received via the ticketing system.
• Coordinates specific work tasks with other personnel within the department as well as with other departments to ensure the smooth and efficient flow of information.
• Remits payments to participant banks and/or the SBA.
• Reports monthly SBA activity.
• Disburses funds for all new loans per the terms of the loan.
• Manages Letters of Credit within the core system.
• Reviews documentation for new loan funding and completes appropriate transactions for disbursement.
• Reviews participation, swap, syndication, and SBA loan activity, reports appropriately, and remits funds as accurately and timely.
• Completes account research and makes appropriate corrections, including payment adjustments.
• Completes billing maintenance and creates manual billing notices.
• Reviews and verifies maintenance entered by other Loan Operations personnel to ensure accuracy and compliance.
• Handles direct communications with customers to ensure quality service.
• Completes various forms and reports for internal and external distribution, which may include any of the following:
  • Participation payments & advance notifications
  • SBA 1502 form & other SBA reports
  • Swap loan reports

Education & Qualifications

• A high school diploma or equivalent with an emphasis in a business curriculum. Some college or degree preferred.
• A minimum of two (2) years related experience is normally required.

Skill(s)

Proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communicative skills; knowledge of loan processing; proficient PC skills, including knowledge of Microsoft Word, Excel and Access; ability to sit, stand, walk, bend, stoop, reach with hands or arms, use hands to manipulate objects, handle or feel, and lift items weighing 20 lbs. or less; visual, auditory and speaking skills.

Equipment/Machines

• Telephone
• Printer
• Calculator
• Copy machine

Pay Transparency

We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate’s knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

Mid Penn Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account, dental and vision insurance; life insurance; 401(k) program with employer match and employee stock purchase plan; paid time off, paid holidays; disability insurance coverage, parental leave; employee assistance program, and tuition reimbursement.

In addition, all employees are eligible to participate in mentorship programs, receive individualized development and career counseling, and participate in Mid Penn University courses and development programs.

EEO Statement

Qualified applicants are considered without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, genetic information, pregnancy, disability, or protected veteran status. We also comply with all applicable laws governing employment practices and do not discriminate on the basis of any unlawful criteria.

Equal Opportunity Employer–Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity

Sponsorship Statement

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Mid Penn Bank currently or in the future.