Redwood Credit Union is hiring a
Consumer Loan Funder

Summary

Redwood Credit Union is hiring a Consumer Loan Funder to coordinate, process, and fund loans while providing superior member service. The role requires thorough knowledge in the use of Internet-based loan origination software, lending principles, and ability to communicate effectively. A high school diploma and 1-2 years' experience in consumer lending industry is required.

Requirements

A combination of education and experience equivalent to a high school diploma, plus 1 to 2 years’ experience in consumer lending industry or closely related field

Responsibilities

• Responsible for the timely and accurate coordination, processing and funding of all loans files including reviewing and interpreting underwriting conditions
• Receive funding packets as assigned by department and manage funding from the various incoming channels
• Analyze Loan approval conditions in loan origination system (LOS). Verify the accuracy and integrity of all loan data entered into the system including but not limited to Membership, names, addresses, government monitoring information, loan information (i.e. loan amount, interest rate, terms, KBB/NADA/Black Book/MSRP information, income, etc.)
• Manage and continue to maintain all data and updates within the LOS throughout the funding process
• Communicate and follow-up with Members/vendors regarding loan status and request and manage the timely return of required documentation needed to fund loan
• Discuss loan options and programs with Members and vendors to ensure quality Member service
• Analyze credit report, credit applications to ensure credit requirements and loan policies are met
• Verify Members income by paystubs and or analyze personal & business tax returns to ensure income and loan policy requirements are met
• Interact with vendors in person and over the phone and answer vendor questions in regard to retail installment sales contracts, rates, reserve programs and general lending programs
• Ensure loan files are complete prior to auditing function
• Ensure confidentiality and safeguard sensitive Member financial information
• Evaluate pipeline to ensure loan files are funded within set RCU service standards and that production goals are met
• Complete daily funding balancing and create various reports and spreadsheets as requested
• Research and resolve Member or employee concerns as directed
• Compose and type general correspondence including emails, letters, memo communication for staff, vendors and Members

Benefits

• Competitive medical, dental, and vision insurance, mental health offerings
• Employee performance incentive plan
• Salary Advancement– Merit increase based on performance
• 401(k) program with employer match
• Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!
• RCU Discounts and Perks-. - RCU employees are eligible for a .75% discount off RCU standard collateral auto loans
• RCU employees are eligible for a 1% discount on all recreational or boat loan products
• 2% discount off Visas and LOC Loans through RCU
• 0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000
• 0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000
• 0% interest on garment, fitness, or home office equipment loan of up to $500
• 100% financing for employee purchased homes!