What are the responsibilities and job description for the Funding Specialist position at Tower Strategy Group?
Position Summary:
Responsible for reviewing and managing all funded loan files. Verifies fees, closing conditions, accuracy of calculations, checks for taxes due, payables, balances files, and coordinates final disbursement of funds in the form of checks and/or wires. Confirm wire instructions are correct and checks are remitted according to file specific instructions while maintaining compliance with the lenders instructions. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.
Responsibilities:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is $22 - 29/hr and will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Responsible for reviewing and managing all funded loan files. Verifies fees, closing conditions, accuracy of calculations, checks for taxes due, payables, balances files, and coordinates final disbursement of funds in the form of checks and/or wires. Confirm wire instructions are correct and checks are remitted according to file specific instructions while maintaining compliance with the lenders instructions. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.
Responsibilities:
- Manage a portfolio of funded loans daily.
- Updates lien payoffs and taxes as needed.
- Complete signing of checks and preparing packaging.
- Reviews title commitments, lien payoffs, taxes, file notes, lenders closing instructions.
- Coordinates final disbursement of funds in compliance with escrow and lenders’ instructions.
- Calculate payoffs, inputting wires and completing closing disclosures to make the ALTA
- Prepares and distributes final ALTA Settlement Statement to all applicable parties.
- Corresponding with lender(s), borrowers, and insurance agents.
- Asked to assist with additional responsibilities, site specific to loanDepot corporate offices.
- 5 years of Mortgage Funding/Closing experience.
- Knowledge of calculating payoffs, inputting wires and completing closing disclosures to make the ALTA.
- Exceptional attention to detail, verbal, written and interpersonal communication skills.
- Proficiency of Microsoft Office applications including: Word, Excel, PowerPoint, and Outlook.
- Self-motivated and able to multi-task with minimal supervision.
- High School Diploma or equivalent required.
- Aggressive compensation package based on experience and skill set.
- Inclusive, diverse and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate, purposeful and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is $22 - 29/hr and will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Salary : $22 - $29