Alliant Credit Union
We set the standard for simple and rewarding digital banking.
Chicago, IL
Hybrid

Loan Delivery Specialist

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What will your day look like?

You will assist in administering secondary market initiatives, selling and purchasing mortgage loans, and maintaining the relationships with third party loan acquisition departments including, but not limited to, Fannie Mae and Freddie Mac. The Loan Delivery Specialist will build close relationships with internal and external partners to ensure timely delivery of loans at the negotiated price. General direction is received from the Manager of Secondary Market.

Responsibilities

Do you see yourself doing this?

 

Secondary Market Responsibilities

  • Assist in the maintenance and enhancement of the flow loan sale model on all held for sale products including commitment maintenance such as pair offs and extensions.
  • Work closely with Retail and Correspondent Sales as well as with third party processors to ensure timely delivery of loans to include weekly pipeline communication, follow-up and reporting.
  • Oversee the delivery of flow loans to the investor or custodian including any applicable document creation.
  • Clear loan edits and conditions in the loan delivery systems ensuring loans are eligible for sale to the intended secondary market investor.
  • Oversee the certification and final funding of mortgage loan sales to third party investors.
  • Update internal management reporting of sold loans to track pair-offs, interest clawbacks and final reconciliation of the sale.
  • Coordinate with internal and external stakeholders including investors, sub-servicers and Alliant’s Accounting department.
  • Assist in the management of the agency custodial accounts with daily and monthly activity to ensure compliance with internal and investor requirements.
  • Maintain knowledge of the concepts, practices and procedures to deliver mortgage loans to various investors.

 

Additional Duties

  • Oversee and respond timely to the investor quality control requests and deliver the investor quality control packages while working with internal departments including Underwriting and Quality Control.
  • Oversee new rate locks, extensions and re-pricing according to pricing and product guidelines
  • Maintain a current knowledge of the mortgage industry and regulatory climate.

Qualifications

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a High School degree, required; Bachelor’s degree, preferred in Business, Finance, or Accounting, and you have:

 

  • Minimum of 2+ years’ experience locking and delivering loans to the secondary market or related mortgage experience
  • Strong understanding of the mortgage industry with secondary mortgage market knowledge preferred
  • Experience working with internal and external cross functional teams
  • Experience in loan processing, underwriting or loan servicing
  • Exceptional customer service skills and focus
  • Strong organizational skills with ability to multitask in a fast-paced environment
  • Excellent verbal and written communication skills
  • Must demonstrate a professional demeanor, ability to work independently and also collaborate in a group setting
  • Computer proficiency utilizing MS Office Suite

 

 

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

 

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off
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What are Alliant Credit Union Perks + Benefits

Alliant Credit Union Benefits Overview

Alliant constantly works on improving its Employee Value Proposition. Our Human Capital Group team seeks ongoing employee feedback to continue to raise the bar on employee-focused benefits, making updates to the existing and adding new benefits every year.

Culture
Volunteer in local community
Alliant offers 8 hours of paid volunteer time benefit for all employees.
Partners with nonprofits
To execute on our mission of Bridging the Digital Divide, Alliant has partnered with PCs for People, Connected Nation, DiGiTunity and the National Digital Inclusion Alliance.
Open door policy
OKR operational model
Team based strategic planning
Flexible work schedule
Alliant provides employees with a flexible work schedule that includes Flexible start and end times.
Remote work program
Since the pandemic began, all non-essential job functions have been remote 100%.
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Highly diverse management team
Mandated unconscious bias training
Alliant provides our leaders and employees with unconscious bias, psychological safety and inclusive mindset training.
Diversity manifesto
Diversity employee resource groups
Alliant supports employee resource groups. At this time, employees created INCLUDE, a women's resource group and ALL, an LGBTQ+ employee resource group, and EMPOWER black employees' resource group.
Hiring practices that promote diversity
At Alliant, we ensure that we have a diverse candidate slate for every role for which we hire and that our interview panels are also diverse.
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Alliant employees can contribute up to $2,750 annually to their Health Care FSA and $5,000 to their dependent care FSA.
Disability insurance
Company provides Short Term Disability benefit payable for up to 13 weeks as well as Long Term Disability insurance that covers 66.67% of your monthly earnings up to $10,000 monthly maximum payout.
Dental insurance
Preventive services covered at 100%, Basic services covered at 80%; Major restorative services covered at 50%; Orthodontics covered at 50%
Vision insurance
Alliant offers free vision benefits to its employees and their dependents. The vision benefits plan covers 100% for annual eye exams after a $10 copay and $150 for glasses and contacts.
Health insurance
Alliant provides a choice of two medical plans. If you elect a medical plan, you are automatically enrolled in an HSA where Alliant contributes funds to help you pay for your out-of-pocket expenses.
Life insurance
Basic Life insurance and Accidental Death & Dismemberment is equal to 1 times an employee's annual salary. Employees can also purchase Voluntary Life insurance for themselves and their dependents.
Pet insurance
Our pet insurance policy covers up to %90 of out of pocket expenses.
Wellness programs
With Alliant's wellness reimbursement program, each employee receives up to $35 per month (non-cumulative) to spend on wellness activities and discounted wellness services through ThrivePass.
Mental health benefits
Alliant employees get free access to ComPsych, Calm and myStrength apps and services.
Financial & Retirement
401(K)
Alliant offers a 401(k) plan administered through Fidelity where employees can contribute up to 60% of eligible compensation to the annual IRS limit.
401(K) matching
We match 100% of contributions up to the first 5% of an employee's annual gross pay. eligible salary. You will be 100% vested in these contributions right away.
Performance bonus
In the last years, Alliant’s bonus payouts were above 100%.
Charitable contribution matching
The Alliant Credit Union Foundation also matches employee donations made to non-religious, non-political 501(c)(3) organizations up to a total of $1,000 per person per calendar year.
Child Care & Parental Leave Benefits
Generous parental leave
We provide up to 6 weeks of parental leave for the primary and secondary caretakers.
Family medical leave
Employees who have been with the company for 12 months are eligible for up to 26 weeks of family medical leave.
Vacation & Time Off Benefits
Unlimited vacation policy
Generous PTO
Our employees receive between 21 and 31 days per year of paid time off based on years of service. Alliant also offers a Flexible Time Off (unlimited time off) policy for Sr. Managers and above.
Paid volunteer time
Our employees receive 8 hours per year of paid volunteer time.
Paid holidays
Office Perks
Commuter benefits
Employees can withhold up to $280 per month pre-tax for transit expenses and up to $280 per month pre-tax for parking expenses.
Company-sponsored outings
Alliant hosts between 4 and 6 major employee events in a year, including the Annual Volleyball Tournament, annual summer party and employee appreciation day celebration.
Free snacks and drinks
Currently, Alliant offers free snacks, free hot beverages and bottled water during the day, free lunch/food events on occasion and bi-weekly free fruit.
Some meals provided
Fitness stipend
Alliant reimburses its employees up to $35 per month for gym, health and fitness services and activities.
Professional Development Benefits
Job training & conferences
Alliant offers employees professional development opportunities like Annual individual budget for training, onsite training courses and the ability to attend job-related conferences and seminars.
Tuition reimbursement
We offer up to $5,250 annually for continuing education through our tuition reimbursement benefit.
Lunch and learns
Alliant hosts lunch and learn and hour with the leader meetings once per quarter, giving our employees to hear from our executive and senior leadership teams.
Promote from within
Continuing education stipend
We offer up to $5,250 annually for continuing education through our tuition reimbursement benefit.
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Alliant constantly works on improving its Employee Value Proposition. Currently, Alliant offers free snacks, free hot beverages and bottled water, free lunch/food events on occasion, personal concierge service, on-site package/mailing service, massage therapy, discounted ticket sales, car wash, dry cleaning, convenience store, vehicle maintenance, banking and a gym at our headquarters location.

Our company works hard to create a work environment that allows our employees to maintain a healthy work/life balance. We encourage our employees to take advantage of flexible hours and offer an option to work remotely. Alliant also offers a very generous PTO package, which starts new employees with 21 PTO days annualized in their first year of employment.

The well-being of our employees and their families translates to productivity and commitment to their jobs. That is why we constantly work on launching new benefits that will help them find the best medical care at the lowest cost and get the help they need with convenience and without unnecessary stress.

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