Loan Funding Specialist

Chelsea, MA 02150, USA Req #114
Monday, March 29, 2021


The objective of the position is to perform a variety of routine duties to fund all types of Consumer Loans, Mortgages and Commercial loans, as well as service Credit Union members, Dealers, Vendors, and Attorneys related to loan closings.


  • Review new loan documents for accuracy on a variety of Consumer, Mortgage and Commercial products, prepare required paperwork ensuring correct loan terms and parameters prior to boarding loans to core system, verify all member information, ensure documents are in compliance with government regulations and Credit Union policies
  • Notify parties involved of any discrepancies, follow up until issues are resolved. Provides support to front line staff in regards to loans documents and closing/funding procedures
  • Verify membership eligibility prior to setting up member accounts, opening a new checking/savings accounts on host system, process member applications, ID cards, perform OFAC and Chexsystems member review, order checks for checking accounts and lines of credit.
  • Accurately collects and posts fees, escrow, etc. associated with a particular product to general ledgers. Process ACH file, wires or other forms of loan disbursement/loan proceeds to dealers, attorneys, members, etc. Performs required loan maintenance post closing.
  • Provide support to Indirect and Commercial Sales staff, front line Retail, and originations staff regarding funding requirements and procedures.
  • Respond promptly to all inquiries regarding loan set ups, requests for research on pending or funded loans, adjustments, update contact information. Process follow up letters and loan dcouments to inquiries. Prepare and mail correspondence to new and existing members.


Ability to make sound judgment decisions regarding proper loan documentation and must be able to identify and resolve inconsistencies and accuracy issues.


Education and Experience

  • High school diploma or equivalent
  • Previous consumer, mortgage and/or commercial lending processing experienced required


  • Ability to learn and understand lending regulations.
  • General knowledge of computer software; data input skills..
  • Experience with Windows based applications.
  • Able to perform work with accuracy and attention to detail.
  • Able to present information in a clear and easily understood manner.
  • Able to work in a fast-paced environment.
  • Uses common courtesy and professionalism.

Working Conditions

  • General office environment.

As a condition of employment, this job will require employees to be vaccinated for COVID-19.  Accordingly, new hires must show proof of COVID-19 vaccination.  If you need an accommodation of any kind, including related to this job requirement, please discuss with Human Resources.  

Our hybrid work arrangements require a minimum of 2 days/week on-site in our Chelsea location, managed within each department.  All new hires are required to onboard for a minimum of 30 days on-site in Chelsea.

About Metro Credit Union: As the largest state-chartered Credit Union in Massachusetts, our focus has always been helping local people, businesses and non-profit organizations reach their goals. Our perspective is unique because it is local and hyper-focused on the specific needs of our local communities. We are a high performing, financially sound, not-for-profit, financial cooperative, owned by and operated for our Members.  Our commitment is to provide quality banking solutions that support the economic vitality of the individuals and businesses within the markets we serve. This commitment strengthens local communities, creating a positive impact on people's lives.   

Other details

  • Pay Type Hourly
Location on Google Maps
  • Chelsea, MA 02150, USA