CoastHills Credit Union · 1 day ago
Consumer Loan Funder
Santa Maria, CA, US
Full-time
Onsite
New Grad, Entry Level
$22/hr - $25/hrCoastHills Credit Union is seeking a Consumer Loan Funder responsible for processing and booking various member and dealership loans. This role involves ensuring accurate loan funding documentation and maintaining positive relationships with members and dealers throughout the funding process.
BankingFinancial ServicesMobile Payments
Responsibilities
Understands and runs Kelly Blue Book and Auto check. Analyzes results and articulately conveys the next steps involved to protect the Credit Union from any possible future lawsuits
Understands and runs OFAC and Checksystems and articulately conveys the next steps involved to protect the Credit Union from any possible fraud
Works closely with dealers and verifies accuracy of all loan paperwork received. Makes outbound calls to members and dealers to verify information when needed
Assists in coaching and training dealers and branch lending staff on Loan origination software, systems, and required documentation
Assists in coaching and training dealers and branch staff on account management for loans, including how payments are posted to members accounts
Articulately explains to branch staff and dealers what steps to take when funding paperwork is incomplete
Provides quality control of loans prior to funding for regulatory compliance and conformance to minimize risk. Actively communicates these areas with branch staff and dealers
Maintains relationships with dealers and provides feedback for quarterly evaluations of dealers on Coasthills Credit Union Watchlist
Reviews credit reports for any inconsistences while performing quality control. If any inconsistences are spotted, verifies the information by calling the member
Reviews Proof of Residency reporting and social security fraud warnings that need further clarification
Communicates to dealers CoastHills Credit Union membership qualifications. Opens new membership share accounts for indirect loans
Communicates with dealers and branch staff application statuses
Maintains updated system comments within the loan application
Cross trains in other areas of the Consumer Lending Department as necessary. Serves as support to DMV Specialists and Underwriters as needed to perform servicing, DMV and closing duties
Performs a variety of clerical duties requiring knowledge of departmental procedures
Receives dealership application packages for funding and authenticates the precision of paperwork. Verifies information with members when required. Assists in fraud prevention by recognizing potential deception. Verifies the accuracy of documents provided and ensures the borrower’s information is authentic
Understands LoansPQ and their application process
Understands Lending360 and their application process and third-party integration to LoansPQ
Assists management with quality control by tracking and archiving new account signature cards and questionnaires for the Lending Center and Indirect Loans
Prepares and provides reports to management on a daily, weekly and monthly progression of Consumer Lending’s performance to budget analysis
Understands how to calculate complex verifications of pay stubs and wages; completes verbal or written verification of employment with required applications
Understands and remains current on LOANLINER® documents and resources
May be required to balance, track and prepare reports for general ledgers to include Loan Protection, Guaranteed Asset Protection and Major Mechanical Protection
Calculates payoffs on vehicle loans for dealerships while ensuring member loan retention
May be required to processes adjustments and changes on consumer loans
May be required to compute payment calculation verifying interest and principal calculations, and possible re-amortizations
May be required to respond to member problems and requests, when necessary, and assists with completion of forms and documents
May be required to assist members in understanding how their payments are posted to their accounts
Performs within the lending limits approved by the Board of Directors
Explains reasons for denial, approval, and explanation of loan stipulations
Works cooperatively with members, dealers and fellow staff
Qualification
Required
High school diploma or equivalent
Knowledge and understanding of consumer lending procedures, practices and policies and credit fundamentals as would normally be acquired through experience in branch operations
Preferred
Experience with Symitar®
Experience with Lending360
Experience with Loans PQ®
Fraud Mitigation
Background in all aspects of Credit Union department functions, policies, and procedures
Knowledge of Credit Union laws and regulations
CA DMV policies and procedures
Advanced skills in Excel and Word
Experience with computer systems and software
Company
CoastHills Credit Union
CoastHills Credit Union is a mobile banking and financial services company.
Founded in 1958
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$2.48MKey Investors
Community Development Financial Institutions Fund
2023-04-10Grant· $2.48M
Leadership Team
Paul Cook, MBA
President / CEO
Robert Goebel
SVP Chief Lending Officer
Recent News
Company data provided by crunchbase