Loan Funding Specialist

About the role

Join our team as a detail-oriented Loan Funding Specialist at IHMVCU, where you’ll play a key part in our loan operations. You’ll ensure consumer, mortgage, home equity, and commercial loans are funded accurately and in full compliance with state, federal, and secondary market regulations. This role involves funding new loans into core systems, reviewing loan files, verifying closing conditions, and handling post-closing tasks to ensure smooth loan completion. You’ll collaborate closely with Loan Officers, Closers, Indirect, Underwriting, Loan Servicing, Retail, and Remote teams, as well as external partners like closing agents and vendor contacts. Strong attention to detail, clear communication, and problem-solving skills are essential to supporting compliance and delivering an exceptional member experience.

This position is located at our headquarters on River Drive in Moline, IL, featuring a comfortable office environment with an on-site gym facility.

Responsibilities

• Prepare and review loan documents to ensure accuracy and compliance, including loan agreements, vehicle title work, GAP, Warranty, and Debt Protection.
• Verify all underwriting conditions are met for consumer loan products.
• Fund and input consumer, mortgage, home equity, and commercial loans in core systems with precision.
• Manage related processes, such as activating PMI policies, uploading insurance, and setting up tax monitoring.
• Ensure timely delivery of adverse action notices and proper archiving of contracts and disclosures.
• Support quality control efforts and assist with process improvements and system testing.

Requirements

• High school diploma or equivalent required.
• At least 2 years of loan experience or a combination of relevant education and experience.
• Commitment to accuracy and compliance, with strong decision-making skills.
• Familiarity with credit union policies, procedures, and products.
• Ability to manage multiple loans, deadlines, and tasks efficiently.
• Clear and professional communication with team members and external partners.

Physical Requirements

• Sitting: Sedentary work involving sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally.
• Talking: Expressing or exchanging ideas by means of the spoken word; activities requiring accurate, loud, or detailed spoken instructions.
• Hearing: Perceiving sounds at normal speaking levels with or without correction, receiving detailed information through oral communication, and making fine discriminations in sound.
• Finger, handle, touch: Picking, pinching, typing, or otherwise working primarily with fingers rather than the whole hand or arm, including applying pressure with fingers and palm.
• Lifting Demands: Up to 10 lbs.
• Visual acuity: Required for preparing and analyzing data, transcribing, viewing a computer terminal, and extensive reading.