Loan Funding & Settlement Processor I - Middletown, NY
$43,243–$54,059 year
On-siteMiddletown, New York, United States
Job Summary
Process and fund consumer and indirect loans by reviewing dealer documentation, verifying funding conditions, and boarding new loans into systems. Execute manual dealer funding transactions, upload insurance binders to State National, and prepare Welcome Member packets. Perform quality control reviews, cross-reference documentation with loan origination data, and scan funded packets for retention. Coordinate with dealerships and internal staff to resolve documentation issues, communicate funding delays, and update underwriting e-tickets. Maintain accurate loan files and respond to inquiries via email and phone throughout the day.
Required Qualifications
- Two-year college degree preferred, plus two years of loan processing experience; or a comparable combination of education and experience
- 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
- 1-3 years of loan processing, lending operations, financial services, or related experience
- Experience with indirect lending or consumer loan funding
- Experience managing operational SLAs, KPIs, and performance reporting
- Experience developing and maintaining QC processes and operational controls
- 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
Desired Qualifications
- Two-year college degree preferred, plus two years of loan processing experience; or a comparable combination of education and experience
- 1-3 years of loan processing, lending operations, financial services, or related experience
- Experience with indirect lending or consumer loan funding
- Experience managing operational SLAs, KPIs, and performance reporting
- Experience developing and maintaining QC processes and operational controls
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