Loan Funding Specialist

17 hours ago


Iowa City, Iowa, United States Hills Bank Full time
Job Title: Loan Funding Specialist

Hills Bank is seeking a highly skilled Loan Funding Specialist to join our team. As a key member of our Loan Operations Department, you will play a critical role in ensuring the smooth and efficient processing of real estate loans.

Key Responsibilities:
  • Ensure accurate and timely funding and disbursing of commercial, consumer, and retail real estate loans.
  • Facilitate the upload of loan information onto our core system from loan documentation and underwriting software.
  • Participate in a rotating schedule to ensure adequate staffing levels for the department.
  • Verify the accuracy and timeliness of electronic recording of collateral documentation through state and county systems.
  • Follow up on missing or incomplete documents and ensure completeness of closing documents.
  • Provide support services to loan officers and other staff by responding to questions regarding loans and disbursements.
  • Work with front-line staff to anticipate loan closings and maintain proper timelines to manage funding volume and meet deadlines.
Secondary Market Responsibilities:
  • Assist the department in shipping loan files via electronic delivery to secondary market investors, including delivery of follow-up trail document items.
  • Facilitate the final sale of secondary market loans by processing payoffs and reconciling funding discrepancies.
  • Track sales and correspond with customers to process monthly loan payments for loans not yet sold.
  • Complete the final sale of secondary market loans by transferring servicing rights, completing quality assurance reports through MERS, and sending final transfer documentation to customers.
  • Complete year-end tax reporting for points and interest paid to all secondary market loans.
General Department Duties:
  • Assist with filing and other duties/projects in the Loan Operations Department as needed.
  • Assist in the development of manuals and supporting documentation to accomplish tasks/duties inherent in this position.
  • As part of the overall team of bank employees, this position may be requested to assist in the support of other bank activities.
Requirements:
  • High school diploma or general education degree (GED); or one to two years related experience and/or training; or equivalent combination of education and experience.
  • Technical training in loan documentation and compliance.
  • Skills needed in a typical office environment, including computer skills, communication skills, and utilization of office equipment.


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