Senior Funder

NMSI INC

Los Angeles, CA

Funding Department

Full-time

Hours: 9 AM - 6 PM

Job Description:

As a Mortgage Closer/Funder, you will coordinate the closing and funding processes under the guidance of the Funding Manager. This role requires meticulous attention to detail, strong organizational skills, and an understanding of mortgage loan documentation and compliance. You will be responsible for ensuring that all loan documentation is accurate, complete, and in compliance with regulatory requirements before the funds are disbursed.

Job Responsibilities:

• As a Mortgage Closer/Funder, you will coordinate the closing and funding processes under the guidance of the Funding Manager
• This role requires meticulous attention to detail, strong organizational skills, and an understanding of mortgage loan documentation and compliance
• You will be responsible for ensuring that all loan documentation is accurate, complete, and in compliance with regulatory requirements before the funds are disbursed
• Document Review: Verify loan documents for accuracy and completeness before disbursement
• Fund Availability: Ensure availability of funds, including down payments, lender funds, and third-party contributions
• Coordinate Funding Packages: Prepare and submit loan packages, ensuring compliance with company policies and industry standards
• Clear Conditions for Closing and Funding: Work with processors, underwriters, and other parties to clear outstanding conditions before funding
• Disbursement Coordination: Collaborate with title companies, escrow agents, and settlement agents to facilitate the timely disbursement of funds
• Wire Transfers: Initiate and manage wire transfers for fund disbursement
• Regulatory Compliance: Ensure all funding activities are compliant with relevant regulations (TRID, RESPA, etc.)
• Post-Funding Quality Control: Conduct post-funding quality control and maintain accurate records of funds disbursed
• Continuous Improvement: Assist in improving processes related to loan funding, with a focus on efficiency, accuracy, and borrower satisfaction
• Doc Drawing: Prepare loan documents and ensure the closing package is complete, fees accurate, and fully compliant
  
  
  

Required Skills/Abilities:

• Excellent verbal and written communication skills.
• Excellent organizational skills and attention to detail.
• Excellent time management skills with a proven ability to meet deadlines.
• Strong analytical and problem-solving skills.
• Ability to prioritize tasks and to delegate them when appropriate.
• Ability to act with integrity, professionalism, and confidentiality.
• Proficient with Microsoft Office Suite or related software.
  
  
  

Preferred Qualifications:

• Background in mortgage industry.
• High School Diploma or College Degree
• Minimum of 3-4 years of recent RETAIL / TPO residential closing/funding experience
• Non-QM, Conventional and Government loan experience required
• Thorough knowledge of TRID and RESPA LE/CD requirements
• Strong aptitude for detail, accuracy, and organization
• Ability to prioritize and multitask with ease
• Excellent interpersonal, written, and verbal communication skills
• Ability to work in a high-volume environment
  
  
  

Job Type: Full-time

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
  
  
  

Work Location: In person