What are the responsibilities and job description for the Mortgage Funding Administrator position at STRIDE BANK NA?
The NQM Funding Administrator assists with the operational processes associated with NQM correspondent loan purchases and sales; manages collateral tracking, documentation and workflow QC, and servicing on-boarding to ensure controlled and efficient execution.
PRINCIPAL DUTIES AND RESPONSIBILITIES
- Assists with operational processes for loan acquisitions including calculating and confirming purchase requests, reviewing initial documentation, preparing and submitting purchase requests, and confirming execution through established internal workflows.
- Maintains a centralized, audit-ready repository of loan purchase records, ensuring accuracy, completeness, and organizational consistency.
- Retrieves, reviews, and verifies loan documents for purchased loans, manages the initial package and data to initiate the purchased asset lifecycle.
- Serves as the primary point of contact for sellers, and the internal point of contact for loan purchases.
- Monitors trailing and collateral documentation post-purchase, and designs, implements, and optimizes acquisition workflows to support efficient document delivery and servicer boarding.
- Manages loan cancellation, change, and exception documentation and updates internal processes and workflows to reflect status changes, operational impacts, and compliance requirements.
- Supports Non-QM operational functions, including downloading and standardizing pipeline data files, and creating and managing purchase templates and documents.
- Assists with the execution and documentation of loan sales, as needed; prepares, organizes, and communicates biweekly trades with sellers, investors, and internal Bank teams, reconciles investor pricing, confirms pricing with sellers, and distributes required documentation for trade execution.
- Performs other duties as assigned.
EDUCATION AND/OR EXPERIENCE
- Bachelor's degree in Business Administration, or a related field, preferred.
- Mortgage or asset-backed origination, trading, or pricing experience, preferred.
- Experience with data management, process automation, and reporting, a plus.
KNOWLEDGE, SKILLS, AND ABILITIES
- Superior organizational discipline and attention to detail.
- Mortgage origination experience a plus.
- Background in asset pricing capital markets and/or in mortgage secondary a plus.
- Experience with Microsoft Excel, required; macros, scripts, and/or BI tools a plus.
- Strong technical skills for data manipulation, reporting, and control.
- Excellent verbal, written, and interpersonal communication skills.
- Ability to organize and prioritize work and meet strict deadlines in a fast-paced environment.