Loan Funding Specialist
Loan Funding Specialist Summary PenFed is looking for multiple Loan Funding Specialist in Alexandria, VA. The primary purpose of this job is to perform a variety of automobile loan funding and processing duties. Operating in a fast-paced office setting, you will be responsible for achieving the following: minimizing potential risk for the Credit Union through accurate and thorough verifications, providing high levels of service to the dealer body, and to have a consistent and high level of service with internal and external customers while meeting monthly objectives. This position will communicate directly with our Area Dealer Managers, Automobile Dealers, and Credit Union staff and members daily. Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds. Communicate with Area Managers and Dealers in regards to status of loan applications in queue. Closely inspect loan package documentation for any suspicious fraudulent activity. Comply and keep up to date with Pen Fed underwriting guidelines and keep up to date with changes. Build strong working relationships with Sales, Credit and Operations team as well as the Dealership organizations. Other duties as assigned. Education and Experience Minimum 1-3 years' previous customer service or administrative experience required; financial industry experience preferred Minimum 1-3 years' previous experience handling sensitive documents in a timely and accurate manner Working knowledge of lending practices and industry standard processes Proficient in the use of loan calculators to execute basic financial mathematics including simple interest calculations and amortization schedules Familiarity with: Truth in Lending, Reg. B and FCRA Ability to articulate and apply BSA regulations and requirements Minimum 1-2 years' experience processing vehicle loans preferred Experience in a credit union or bank working directly with preferred dealers is a plus Well-developed verbal and written communications skills, along with strong customer service orientation Must be able to work an occasional Saturday Equivalent combination of education and experience is considered. Licenses and Certifications There are no additional certifications required. Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. Travel None About Us Founded in 1935, and still growing, we began as the War Department Federal Credit Union. Today, PenFed is one of the country's strongest and most stable financial institutions with over 1.5 million members and over $21 billion in assets. We serve members in all 50 states and the District of Columbia, as well as on military bases in Guam, Puerto Rico and Okinawa. Our mission isn't simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, and to encourage. We exist to usher their dreams into the land of reality. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment Opportunity PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 703-838-1568.