What are the responsibilities and job description for the Funder, II, Retail position at Carrington?
Responsible for closing doc drawing, preparing, reviewing and funding approved loan files ensuring compliance with appropriate regulations and company policies. Coordinates disbursement of funds with escrow, title companies, and warehouse banks. Perform all duties in accordance with the company’s shipping policies and procedures, all US state and federal laws and regulations, wherein the company operates. The starting pay is $26.50 plus incentive.
What you’ll do:
- Works with appropriate parties to draw docs and clear any outstanding conditions prior to loan funding
- Reviews signed loan documents for compliance with federal, state and local law and company policies and procedures
- Reviews and approves settlement statement from closing agent
- Verifies and prepares wire transfer requests
- Verifies loan amount, all fees, rates, discount points and other funding amounts
- Reviews signed loan documents for correct signatures, notary information, title reports and escrow instructions
- Inputs funding information into the Encompass loan system(s)
- Follows up with any post-closing issues that may arise
- Maintains a working knowledge of Company and regulatory changes that effect the funding process
- Resolves funding discrepancies with the Servicing Department and Shipping Department
- Assists departmental support staff when necessary
- Performs other related duties as assigned
What you’ll need:
- Must demonstrate knowledge of all aspects of mortgage loan closing and funding
- Experienced in NONQM, Conventional, FHA ,VA and USDA loan programs for wet and dry states
- Understanding of current regulations
- Maintains highly confidential information concerning clients
- Requires high level of organizational skills and ability to work on several tasks simultaneously
- Constant contact with title/escrow companies and internal office staff
- Normal coordination of various duties required
- Experience working in a paperless environment preferred.
- Office machines such as computer, copiers, scanners, fax machines
- Ability to communicate effectively both verbally and in writing
- Ability to handle detailed assignments
- Ability to organize and prioritize workload and meet deadlines
- Excellent computer skills and working knowledge of Microsoft Office products
- Strong customer service skills
Our Company:
Carrington Mortgage Services-Retail Lending is part of The Carrington Companies. We offer a wide variety of home purchase and refinance products for government and conventional loan programs, specializing in underserved programs for borrowers with less than perfect credit and low down payment. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com.
What is the value proposition to joining the team?
- Full array of mortgage programs.
- Paperless loan file flow and process.
- Aggressive Marketing support including brochures, social media, and CRM.
- Aggressive underwriting: we manual underwrite over 80% of our files
- Warm exclusive leads
- Ability to originate nationally
- Competitive compensation plan, including a base plus commission.
What We Offer:
- Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
- Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
- Customized training programs to help you advance your career.
- Employee referral bonuses so you’ll get the opportunity to work with friends (and get some extra cash in your pocket!).
- Educational Reimbursement.
- Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.
Salary : $27