Job Description

MORTGAGE LOAN FUNDER - REMOTE

MONTEREY PARK CA 91754

$27.00 HOURLY

CONTRACT

One of the leading commericial real estate and international banking companies is hiring for an experienced Mortgage Loan Funder. You will be part of an innovative and driven team that helps finance small businesses throughout the world. This position plays an instrumental role in the orginization and is resposible for mortgage and loan processing.

SUMMARY:

• Design and implement effective mortgage funding/closing procedures which support mortgage unit.
• Supervise the mortgage funding/closing activities to ensure compliance with the Bank’s policies and procedures and governing laws and regulations.

JOB DUTIES:

• Perform a wide range of duties related to the closing of residential mortgage loans, as well as committing, delivery of secondary market loans.
• Organize and deliver cost effective and high quality processes in mortgage operations. Utilizes knowledge and experience in exercising discretion and judgment to meet deadlines and resolve problems.
• Review all loan application documents to ensure completeness, accuracy and compliance to Secondary Market guidelines.
• Maintain an up-to-date knowledge of secondary market selling policies and procedures.
• Identify mortgage loan sale problems by highlighting deficiencies; notifying mortgage loan processor, underwriter and mortgage operations manager.
• Research changes to the secondary market guidelines and recommend/implement the changes to increase work efficiency. Present recommendations to management to improve processing and underwriting.
• Identify mortgage loan application and documentation problems by highlighting deficiencies; notifying mortgage loan underwriter and Mortgage Operations Manager.
• Responsible for preparing all mortgage loan closing documents and completion of post-closing documentation processing.
• Ensure the closing package is complete and accurate.
• Responsible for reviewing and reconciling the loan to ensure funding and booking are executed correctly.

QUALIFICATION & PREREQUISITES:

• Bachelor’s degree in Finance, Business Administration, Accounting, or other relevant Business fields is preferred
• 3+ years of Mortgage Document preparation, Closing and Post Closing delivery experience required.
• Advanced industry knowledge of closing residential mortgage loans and the requirement of secondary market sources (FNMA)
• Familiar with EasyLender and Ellie Mae Encompass 360 is a plus