What are the responsibilities and job description for the Funding Specialist position at Benchmark Mortgage?
Funding Specialist
Position Overview:
As a dynamic environment, Benchmark holds those in our funding department to a higher level of adaptability to ebb and flow with business demand during the closing process. The Funding Specialist is responsible for preparing and distributing funds to settlement agents and warehouse banks.
Ideal candidates for this position will be highly detail-oriented, able to work in a fast paced environment, and have an understanding of mortgage fund disbursement requirements.
Essential Functions of the Role:
- Review loan documentation and collateral files for accuracy prior to funding.
- Verify accuracy of data between documents and Benchmark’s systems.
- Review documents from settlement agents and authorize delivery of funds.
- Prepare and deliver loan files to warehouse banks.
- Register loans on the Mortgage Electronic Registration System (MERS).
- Other duties as assigned.
Classification: Full Time, Non-Exempt
Reports to: Funding Manager
Positions reporting to this position: None
Essential Knowledge/Skills/Abilities:
- Highly detail-oriented
- Excellent organizational skills
- Ability to work across organizational boundaries
- Proven ability to prioritize and multi-task
- Works well with little direction
- Strong communication skills
- Works well with deadlines
- Knowledge of fund authorization and disbursement
- Efficient with MS Office and PDF
Experience Requirements:
- Three years mortgage experience required.
- One year funding experience required.
- Experience with Encompass preferred.
Education / Licensing Requirements:
- High school diploma or equivalent required. Some college preferred.
Working Conditions:
- Fast-paced environment.
- Requires normal vision (corrected) both close and distant.
- Requires normal hearing levels (corrected).
- Requires working at a desk to use a phone and computer for extended periods of time.
- Requires sitting, bending.
- Works effectively with frequent interruptions.
- Lifting requirements of 10 lbs. occasionally.
- Minimal travel <5%.
