Funder

Summary Of Position

The Mortgage Funder is responsible for ensuring that all mortgage loan documentation is accurate, complete, and compliant with regulatory requirements and company policies. This role involves working closely with loan officers, underwriters, and closing teams to facilitate the timely and accurate funding of mortgage loans.

Essential Duties And Responsibilities

• Review and Verify Documentation:
• Examine and verify loan documents for accuracy and completeness, including loan applications, credit reports, income verification, and title reports.
• Ensure all conditions and requirements are met before loan disbursement.
• Coordinate with Stakeholders:
• Collaborate with loan officers, underwriters, processors, closers and closing agents to address any issues or discrepancies.
• Communicate with borrowers to obtain additional documentation or information as needed.
• Compliance and Quality Control:
• Ensure all loan transactions comply with federal, state, and local regulations, as well as company policies and procedures.
• Maintain up-to-date knowledge of industry regulations and best practices.
• Funding Process:
• Prepare and process loan funding documents, including approving disbursement of funds to appropriate parties.
• Review and verify the accuracy of funding calculations and ensure timely funding of loans.
• Upload funding documents to appropriate folder, and input data to ensure documented approval of funding
• Record Keeping:
• Maintain accurate records of all funding activities and documentation.
• Ensure that all files are organized and stored in accordance with company policies and regulatory requirements.
• Problem Resolution:
• Identify and resolve any issues or discrepancies that arise during the funding process.
• Provide exceptional customer service to resolve borrower concerns and inquiries.
• Escalate all funding delays to Closing Management
  

Experience, Skills, Knowledge

• Education: High school diploma or equivalent required; associate's or bachelor's degree in finance, business, or a related field preferred.
• Experience: Minimum of 2 years of experience in mortgage funding, underwriting, or a related role.
• Skills:
• Strong knowledge of mortgage lending regulations and compliance requirements.
• Proficient in mortgage processing software and Microsoft Office Suite.
• Excellent attention to detail and organizational skills.
• Strong communication and interpersonal skills.
• Ability to work effectively under pressure and meet deadlines.
  

Physical Demands

While performing the responsibilities of the job, the employee is required to talk and hear. Vision abilities required by the job are close vision. The employee is often required to sit and use their hands and fingers to handle, feel, and operate office equipment such as a computer, copier, and office supplies.

In addition, the employee is occasionally required to stand, walk, reach with their arms and hands, and to stoop, kneel or crouch. Reasonable accommodations can be made to enable employees with disabilities to perform the described essential functions of the job.

Note: This document describes the minimum, essential duties, responsibilities, skills, abilities, effort, and working conditions of the position. It in no way implies that these are the only functions to be performed by the incumbent. Workers are required to follow any other job-related instructions and to perform any job-related functions requested by a supervisor or manager. Successful performance requires that the incumbent possess and utilize the abilities and skills described. All functions are subject to reasonable modification to accommodate individuals with disabilities. Some functions may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves or others.

Equal Opportunity Employer