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Funder

Tennent, NJ
Job Summary
Under the direction of the Director of Closing and Funding, the Funder has comprehensive knowledge of policies and procedures to prepare for funding various types of complex loan products; review signed closing documents for accuracy and completeness; obtain necessary documentation to complete the loan file in order to disburse funds to escrow.
 
Responsibilities
  • Adhere to company policies, procedures, and protocol as pertains to job responsibilities
  • Review signed loan documents, Closing Disclosure, Loan Approval and Investor Conditions
  • Contact internal staff, closing agents and real estate agents, as needed, to obtain any conditions needed to ensure close of escrow and rate lock expiration requirements are met
  • Review funding conditions to ensure the loan file is complete
  • Prepare collateral packages for shipment to warehouse banks
  • Initiate funding requests with the warehouse bank
  • Communicate final funding figures to escrow
  • Assist production staff in working through funding challenges
  • Review Hazard Insurance to ensure adequate coverage is obtained prior to loan disbursement
  • Verify employment prior to loan disbursement
  • Ensure loan figures are in balance and request the wire
 
Knowledge and Skills Required
  • Maintain current knowledge of funding policies/procedures, AFN protocol and regulatory compliance
  • Maintain current knowledge of RESPA, TILA, HVCC/AIR, MDIA, Regulatory Compliance and legal requirements
  • Maintain a high level of customer service, both internally and externally, with quick response times and accurate information
  • Proficient computer skills with working knowledge of Microsoft Office (Excel, Outlook, Word)
  • High degree of integrity and confidentiality required
  • Working knowledge of Encompass preferred
Credentials and Experience Required
  • Graduation from high school or equivalent (GED)
  • At least 2+ years of recent funding experience with FHA, VA, and Conventional loans; USDA and Reverse Mortgage experience is a plus

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