Loan Funding Specialist

3 days ago


Iowa City, Iowa, United States Hills Bank Full time
Job Summary

Hills Bank is seeking a highly skilled Loan Funding Specialist to join our team. As a Loan Funding Specialist, you will play a critical role in ensuring the timely and accurate funding of commercial, consumer, and retail real estate loans.

Key Responsibilities
  • Funding and Disbursing (50%):
    • Ensure the proper funding and disbursing of all commercial, consumer, and retail real estate loans.
    • Facilitate the timely upload of loan information onto the core system from the loan documentation and underwriting software.
    • Participate in the rotating schedule to ensure adequate staffing levels for the department.
    • Verify the accuracy and timely electronic recording of all collateral documentation through the state and county.
    • Follow up on missing or incomplete documents and ensure the completeness of closing documents.
    • Follow up on any missing signed loan documentations, outstanding invoices, or changes in fee circumstances.
    • 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 in order to meet funding deadlines.
    • Solve problems quickly, communicating effectively with both internal and external customers and provide excellent customer service.
  • Secondary Market (40%):
    • Assist the department by shipping loan files via electronic delivery to secondary market investors, including the delivery of any follow-up trail document items.
    • Facilitate the final sale of secondary market loans by processing payoffs and reconciling any funding discrepancies.
    • Track sales and correspond with customers to process any 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 (10%):
    • 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.
    • Other duties as assigned.
    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.
    • This job requires skills needed in a typical office environment, including computer skills, communication skills, and utilization of office equipment.


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