Consumer Loan Funding Specialist II (Onsite)
Posted on Oct 3, 2024 by Frontwave Credit Union
Oceanside, CA
Finance
Immediate Start
Annual Salary
Full-Time
Overview:
The Consumer Loan Funding Specialist is responsible for the preparation of documents, funding, and maintenance of Consumer Loan applications in compliance with applicable Federal, State and NCUA rules and regulations. Maintains loan quality and ensures that loan packages are completely and accurately executed prior to loan funding. These loans may include indirect and direct auto loans, Auto Buying Service loans, as well as other consumer loan types. Works closely with automobile dealerships, branch staff, and loan call center staff to ensure loans are processed and funded efficiently and within established guidelines
About Frontwave Credit Union:
Frontwave Credit Union is a member-owned not-for-profit financial institution serving San Diego, Riverside, and San Bernardino counties. Founded in 1952, we have grown to 13 branches with 120,000 members and manage over a billion in assets. At Frontwave Credit Union, we are focused on creating consumer solutions to provide our members and the communities we serve with products and services that enhance the quality of life for our members through exceptional service and the progressive application of technology.
What’s In It For You:
Competitive pay, 401k matching, mortgage and auto discounts.
9-27 days of PTO per year (based on tenure) and 10 paid holidays.
Affordable medical, dental, vision health plans, and Flexible Spending Account.
Employee Assistance Program with a variety of services.
Career development, training, and coaching, mentoring; tuition reimbursement up to $4,000/year.
Culture of excellence and continuous improvement.
We strive to be the best place you’ve ever worked!
Responsibilities:
Essential Duties and Responsibilities:
Includes the following non-inclusive list. Other duties may be assigned. All duties are to be performed in compliance with applicable laws, regulations as well as Credit Union policies and procedures.
Confirm and verify the appropriate documents are assembled in loan files for proper vesting, collateral descriptions and contract signatures.
Ensure accurate data input in related information systems.
Ensure timely receipt and proper completion of all outstanding loan stipulations in accordance with established procedures and loans are closed within appropriate time frames. Provide and communicate file status as well as clear and concise instructions as to necessary documentation required for funding.
Receive and audit appropriate paperwork sent from the vehicle dealerships. Research and identify missing information and communicate discrepancies with dealership personnel. Perform verifications on application data to ensure accuracy prior to funding.
Fund appropriate monies to dealerships with the appropriate administrative fee.
Prioritize workload to manage timely loan fundings and track files.
Maintain communication with internal staff, dealerships, and contractors.
Cross-train within the department to provide back-up, as needed (these duties may fall under the scope of other job functions). Contribute to the success of the department with willingness to share in all department responsibilities.
Be familiar with standard, practices, and procedures in processing and underwriting consumer loans, reviewing and analyzing data and loan documentations, re-calculating income, assets, liabilities, debt-to-income rations and loan to value ratios.
Monitor and complete assigned tasks on department reports within established time frames.
Be a point of contact for complex processing and funding questions with demonstrated leadership abilities.
Keep current with knowledge of credit union’s lending updates, criteria, guidelines, and procedures, policies, and processes.
Ensure loan documentation is complete and accurate according to credit union policy requirements, lending guidelines and compliance regulations.
Provide funding support to Member Solutions Center, Branches, Employee Loans and Dealer
Qualifications:
Education and/or Experience:
High School Diploma or equivalent, Associate’s Degree in business or related field preferred.
Minimum of five years of financial industry experience with three years of lending experience.
Meridian Link or Keystone experience
Knowledge, Skills and Abilities:
Knowledge of California and out of state DMV policies and procedures
Demonstrated computer, Microsoft Office skills
Proficient mathematical and analytical skills
Organizational skills sufficient to prioritize, manage workflow processes, and meet deadlines
Effective human relations and professional communication skills
Ability to work in fast-paced, high intensity environment
Ability to communicate clearly and effectively with all groups of people
Salary Range: $25.94 - $38.91
Service Excellence Standards:
When joining Frontwave Credit Union, you can expect to be a part of a workforce committed to the following Service Excellence standards:
• We see it. We own it. We get it done.
• We ignite positive experiences.
• We do things right every time.
• We are collaborators - united, cohesive and engaged
• We innovate and evolve.
• We create memorable experiences for life.
• We starts with me.
The Consumer Loan Funding Specialist is responsible for the preparation of documents, funding, and maintenance of Consumer Loan applications in compliance with applicable Federal, State and NCUA rules and regulations. Maintains loan quality and ensures that loan packages are completely and accurately executed prior to loan funding. These loans may include indirect and direct auto loans, Auto Buying Service loans, as well as other consumer loan types. Works closely with automobile dealerships, branch staff, and loan call center staff to ensure loans are processed and funded efficiently and within established guidelines
About Frontwave Credit Union:
Frontwave Credit Union is a member-owned not-for-profit financial institution serving San Diego, Riverside, and San Bernardino counties. Founded in 1952, we have grown to 13 branches with 120,000 members and manage over a billion in assets. At Frontwave Credit Union, we are focused on creating consumer solutions to provide our members and the communities we serve with products and services that enhance the quality of life for our members through exceptional service and the progressive application of technology.
What’s In It For You:
Competitive pay, 401k matching, mortgage and auto discounts.
9-27 days of PTO per year (based on tenure) and 10 paid holidays.
Affordable medical, dental, vision health plans, and Flexible Spending Account.
Employee Assistance Program with a variety of services.
Career development, training, and coaching, mentoring; tuition reimbursement up to $4,000/year.
Culture of excellence and continuous improvement.
We strive to be the best place you’ve ever worked!
Responsibilities:
Essential Duties and Responsibilities:
Includes the following non-inclusive list. Other duties may be assigned. All duties are to be performed in compliance with applicable laws, regulations as well as Credit Union policies and procedures.
Confirm and verify the appropriate documents are assembled in loan files for proper vesting, collateral descriptions and contract signatures.
Ensure accurate data input in related information systems.
Ensure timely receipt and proper completion of all outstanding loan stipulations in accordance with established procedures and loans are closed within appropriate time frames. Provide and communicate file status as well as clear and concise instructions as to necessary documentation required for funding.
Receive and audit appropriate paperwork sent from the vehicle dealerships. Research and identify missing information and communicate discrepancies with dealership personnel. Perform verifications on application data to ensure accuracy prior to funding.
Fund appropriate monies to dealerships with the appropriate administrative fee.
Prioritize workload to manage timely loan fundings and track files.
Maintain communication with internal staff, dealerships, and contractors.
Cross-train within the department to provide back-up, as needed (these duties may fall under the scope of other job functions). Contribute to the success of the department with willingness to share in all department responsibilities.
Be familiar with standard, practices, and procedures in processing and underwriting consumer loans, reviewing and analyzing data and loan documentations, re-calculating income, assets, liabilities, debt-to-income rations and loan to value ratios.
Monitor and complete assigned tasks on department reports within established time frames.
Be a point of contact for complex processing and funding questions with demonstrated leadership abilities.
Keep current with knowledge of credit union’s lending updates, criteria, guidelines, and procedures, policies, and processes.
Ensure loan documentation is complete and accurate according to credit union policy requirements, lending guidelines and compliance regulations.
Provide funding support to Member Solutions Center, Branches, Employee Loans and Dealer
Qualifications:
Education and/or Experience:
High School Diploma or equivalent, Associate’s Degree in business or related field preferred.
Minimum of five years of financial industry experience with three years of lending experience.
Meridian Link or Keystone experience
Knowledge, Skills and Abilities:
Knowledge of California and out of state DMV policies and procedures
Demonstrated computer, Microsoft Office skills
Proficient mathematical and analytical skills
Organizational skills sufficient to prioritize, manage workflow processes, and meet deadlines
Effective human relations and professional communication skills
Ability to work in fast-paced, high intensity environment
Ability to communicate clearly and effectively with all groups of people
Salary Range: $25.94 - $38.91
Service Excellence Standards:
When joining Frontwave Credit Union, you can expect to be a part of a workforce committed to the following Service Excellence standards:
• We see it. We own it. We get it done.
• We ignite positive experiences.
• We do things right every time.
• We are collaborators - united, cohesive and engaged
• We innovate and evolve.
• We create memorable experiences for life.
• We starts with me.
Reference: 203210595
https://jobs.careeraddict.com/post/95781121
Consumer Loan Funding Specialist II (Onsite)
Posted on Oct 3, 2024 by Frontwave Credit Union
Oceanside, CA
Finance
Immediate Start
Annual Salary
Full-Time
Overview:
The Consumer Loan Funding Specialist is responsible for the preparation of documents, funding, and maintenance of Consumer Loan applications in compliance with applicable Federal, State and NCUA rules and regulations. Maintains loan quality and ensures that loan packages are completely and accurately executed prior to loan funding. These loans may include indirect and direct auto loans, Auto Buying Service loans, as well as other consumer loan types. Works closely with automobile dealerships, branch staff, and loan call center staff to ensure loans are processed and funded efficiently and within established guidelines
About Frontwave Credit Union:
Frontwave Credit Union is a member-owned not-for-profit financial institution serving San Diego, Riverside, and San Bernardino counties. Founded in 1952, we have grown to 13 branches with 120,000 members and manage over a billion in assets. At Frontwave Credit Union, we are focused on creating consumer solutions to provide our members and the communities we serve with products and services that enhance the quality of life for our members through exceptional service and the progressive application of technology.
What’s In It For You:
Competitive pay, 401k matching, mortgage and auto discounts.
9-27 days of PTO per year (based on tenure) and 10 paid holidays.
Affordable medical, dental, vision health plans, and Flexible Spending Account.
Employee Assistance Program with a variety of services.
Career development, training, and coaching, mentoring; tuition reimbursement up to $4,000/year.
Culture of excellence and continuous improvement.
We strive to be the best place you’ve ever worked!
Responsibilities:
Essential Duties and Responsibilities:
Includes the following non-inclusive list. Other duties may be assigned. All duties are to be performed in compliance with applicable laws, regulations as well as Credit Union policies and procedures.
Confirm and verify the appropriate documents are assembled in loan files for proper vesting, collateral descriptions and contract signatures.
Ensure accurate data input in related information systems.
Ensure timely receipt and proper completion of all outstanding loan stipulations in accordance with established procedures and loans are closed within appropriate time frames. Provide and communicate file status as well as clear and concise instructions as to necessary documentation required for funding.
Receive and audit appropriate paperwork sent from the vehicle dealerships. Research and identify missing information and communicate discrepancies with dealership personnel. Perform verifications on application data to ensure accuracy prior to funding.
Fund appropriate monies to dealerships with the appropriate administrative fee.
Prioritize workload to manage timely loan fundings and track files.
Maintain communication with internal staff, dealerships, and contractors.
Cross-train within the department to provide back-up, as needed (these duties may fall under the scope of other job functions). Contribute to the success of the department with willingness to share in all department responsibilities.
Be familiar with standard, practices, and procedures in processing and underwriting consumer loans, reviewing and analyzing data and loan documentations, re-calculating income, assets, liabilities, debt-to-income rations and loan to value ratios.
Monitor and complete assigned tasks on department reports within established time frames.
Be a point of contact for complex processing and funding questions with demonstrated leadership abilities.
Keep current with knowledge of credit union’s lending updates, criteria, guidelines, and procedures, policies, and processes.
Ensure loan documentation is complete and accurate according to credit union policy requirements, lending guidelines and compliance regulations.
Provide funding support to Member Solutions Center, Branches, Employee Loans and Dealer
Qualifications:
Education and/or Experience:
High School Diploma or equivalent, Associate’s Degree in business or related field preferred.
Minimum of five years of financial industry experience with three years of lending experience.
Meridian Link or Keystone experience
Knowledge, Skills and Abilities:
Knowledge of California and out of state DMV policies and procedures
Demonstrated computer, Microsoft Office skills
Proficient mathematical and analytical skills
Organizational skills sufficient to prioritize, manage workflow processes, and meet deadlines
Effective human relations and professional communication skills
Ability to work in fast-paced, high intensity environment
Ability to communicate clearly and effectively with all groups of people
Salary Range: $25.94 - $38.91
Service Excellence Standards:
When joining Frontwave Credit Union, you can expect to be a part of a workforce committed to the following Service Excellence standards:
• We see it. We own it. We get it done.
• We ignite positive experiences.
• We do things right every time.
• We are collaborators - united, cohesive and engaged
• We innovate and evolve.
• We create memorable experiences for life.
• We starts with me.
The Consumer Loan Funding Specialist is responsible for the preparation of documents, funding, and maintenance of Consumer Loan applications in compliance with applicable Federal, State and NCUA rules and regulations. Maintains loan quality and ensures that loan packages are completely and accurately executed prior to loan funding. These loans may include indirect and direct auto loans, Auto Buying Service loans, as well as other consumer loan types. Works closely with automobile dealerships, branch staff, and loan call center staff to ensure loans are processed and funded efficiently and within established guidelines
About Frontwave Credit Union:
Frontwave Credit Union is a member-owned not-for-profit financial institution serving San Diego, Riverside, and San Bernardino counties. Founded in 1952, we have grown to 13 branches with 120,000 members and manage over a billion in assets. At Frontwave Credit Union, we are focused on creating consumer solutions to provide our members and the communities we serve with products and services that enhance the quality of life for our members through exceptional service and the progressive application of technology.
What’s In It For You:
Competitive pay, 401k matching, mortgage and auto discounts.
9-27 days of PTO per year (based on tenure) and 10 paid holidays.
Affordable medical, dental, vision health plans, and Flexible Spending Account.
Employee Assistance Program with a variety of services.
Career development, training, and coaching, mentoring; tuition reimbursement up to $4,000/year.
Culture of excellence and continuous improvement.
We strive to be the best place you’ve ever worked!
Responsibilities:
Essential Duties and Responsibilities:
Includes the following non-inclusive list. Other duties may be assigned. All duties are to be performed in compliance with applicable laws, regulations as well as Credit Union policies and procedures.
Confirm and verify the appropriate documents are assembled in loan files for proper vesting, collateral descriptions and contract signatures.
Ensure accurate data input in related information systems.
Ensure timely receipt and proper completion of all outstanding loan stipulations in accordance with established procedures and loans are closed within appropriate time frames. Provide and communicate file status as well as clear and concise instructions as to necessary documentation required for funding.
Receive and audit appropriate paperwork sent from the vehicle dealerships. Research and identify missing information and communicate discrepancies with dealership personnel. Perform verifications on application data to ensure accuracy prior to funding.
Fund appropriate monies to dealerships with the appropriate administrative fee.
Prioritize workload to manage timely loan fundings and track files.
Maintain communication with internal staff, dealerships, and contractors.
Cross-train within the department to provide back-up, as needed (these duties may fall under the scope of other job functions). Contribute to the success of the department with willingness to share in all department responsibilities.
Be familiar with standard, practices, and procedures in processing and underwriting consumer loans, reviewing and analyzing data and loan documentations, re-calculating income, assets, liabilities, debt-to-income rations and loan to value ratios.
Monitor and complete assigned tasks on department reports within established time frames.
Be a point of contact for complex processing and funding questions with demonstrated leadership abilities.
Keep current with knowledge of credit union’s lending updates, criteria, guidelines, and procedures, policies, and processes.
Ensure loan documentation is complete and accurate according to credit union policy requirements, lending guidelines and compliance regulations.
Provide funding support to Member Solutions Center, Branches, Employee Loans and Dealer
Qualifications:
Education and/or Experience:
High School Diploma or equivalent, Associate’s Degree in business or related field preferred.
Minimum of five years of financial industry experience with three years of lending experience.
Meridian Link or Keystone experience
Knowledge, Skills and Abilities:
Knowledge of California and out of state DMV policies and procedures
Demonstrated computer, Microsoft Office skills
Proficient mathematical and analytical skills
Organizational skills sufficient to prioritize, manage workflow processes, and meet deadlines
Effective human relations and professional communication skills
Ability to work in fast-paced, high intensity environment
Ability to communicate clearly and effectively with all groups of people
Salary Range: $25.94 - $38.91
Service Excellence Standards:
When joining Frontwave Credit Union, you can expect to be a part of a workforce committed to the following Service Excellence standards:
• We see it. We own it. We get it done.
• We ignite positive experiences.
• We do things right every time.
• We are collaborators - united, cohesive and engaged
• We innovate and evolve.
• We create memorable experiences for life.
• We starts with me.
Reference: 203210595
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