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Mortgage Loan Funder

United States, Maryland Heights · Job Posted March 19, 2026

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Job Description

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
  • eligible to enroll in our company 401(k) plan
  • free online training

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