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The Mortgage Loan Funder will be responsible for ensuring correspondent loans are funded and purchased accurately and timely in accordance with correspondent lending agreements, investor/agency guidelines, warehouse bank requirements, and adherence to internal controls. This role reviews funded loan purchase packages, validates purchase eligibility, calculates purchase proceeds, manages wire disbursements, and coordinates with Sales, Operations, Post-Closing/Collateral, Secondary Marketing, and Accounting to resolve exceptions and clear suspense items.
Job Responsibility:
Fund loans daily on warehouse lines and manage transfers, making sure all requirements are met
Calculate and verify funding amounts and details before sending funds
Authorize and release loan funds by wire, following company procedures and using Genesis by OptiFunder software
Keep funding records and documentation updated in Encompass, our loan system
Work with Closing, Post-Closing, Secondary, and Accounting teams to solve funding issues and provide customer service
Balance and reconcile all loan funding transactions
Handle and escalate discrepancies, missing documents, or compliance concerns
Gather and process Purchase Advice from investors in Encompass
Help with urgent or escalated transactions and support team members with questions
Review accounts, approve transactions within set limits, and follow up on returned wires or other issues
Suggest ways to improve loan funding and accounting processes
Follow all internal controls and audit guidelines
Complete other tasks as assigned by supervisors
Requirements:
2+ years of experience in mortgage operations or related training and experience in general accounting
Strong communication and interpersonal skills, with a commitment to delivering excellent customer service
Proven ability to thrive in a fast-paced environment, high volume activities, multi-tasking, and deadlines driven
Demonstrates solid business acumen
What we offer:
medical, vision, dental, and life and disability insurance