Mortgage Loan Funder III
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Job Location:
Spokane, WA - USA
Hourly Salary:
$ 17 - 26
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Under the direction of a manager the Mortgage Loan Funder evaluates residential loans and funds them in accordance with secondary market requirements and the banks established goals and standards. Works collaboratively with Closers Processors and Escrow Agents to ensure a timely and accurate loan funding process.
Essential Functions:
- Checks in and reviews executed loan packages to ensure compliance with regulatory and policy requirements.
- Uploads executed loan documents into imaged loan file
- Ensures all funding loan conditions are cleared per investor requirements
- Reviews Escrow Agents settlement statement/Closing Disclosure for any fee discrepancies
- Balances with Escrow Agents and Disburses funds as needed utilizing a variety of tools such as cashiers checks deposit accounts and wire transfer
- Performs post funding duties such as MERS registration homeowners insurance and property tax tracking activating mortgage insurance and disbursing premiums for FHA VA
- Ability to fund government construction commercial and complex loan programs
- Generates daily funding reports and manages completion of related tasks
- Creates post consummation Closing Disclosure when needed
- Prepares file for the Shipping team and creates booking package for servicing
- Provides assistance/training to funders with less experience and may be asked to provide occasional technical assistance that is job specific
- Provides professional and high quality customer service to all internal and external partners researching and resolving routine issues
- Performs general correspondence and administrative duties as requested by department manager/peer leader
- Provides solutions and resolves complex funding and post funding investor issues while discerning when to appropriately escalate to management
- Assists with projects process improvement and data collection
- Mortgage Loan Funder I: Minimum of 1 year experience working in mortgage or loan servicing environment preferred
- Mortgage Loan Funder II: Minimum of 23-year experience working in mortgage or loan servicing environment preferred
Qualifications:
- Demonstrates accuracy in working with detailed data in a deadline-oriented environment.
- Knowledge of loan collateral and documentation perfection within Bank federal and state requirements preferred.
- Strong interpersonal skills to maintain excellent relationships with management staff and team members using diplomacy and tact effectively to solve problems gather data from multiple sources and ensure customer satisfaction
- Ability to efficiently operate calculators word processing using the internet and Microsoft Office Suite including Word Excel and Outlook as well as department specific software
- Strong telephone email and interpersonal communication skills.
- Ability to effectively multi-task and prioritize workload to meet deadlines.
- Regular reliable attendance is required.
Compensation:
Mortgage Loan Funder I: $17.49to$26.24 per hour
Mortgage Loan Funder II: $20.66 - $31.51 per hour
The compensation range represents the low and high end of the base compensation range for this position located in Spokane Washington. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location experience and performance. This position is also eligible to participate in an applicable annual bonus plan.
What Our Culture Can Offer You:
Our benefit philosophy is to provide you with a comprehensive package to secure your overall wellness and help you become and remain a fulfilled and productive employee. Our benefits include Health Financial Retirement and Work/Life Benefits. We are proud to share an overview of our benefitsHEREas part of your total compensation.
Washington Trust Bank celebrates diversity in the workplace and actively recruits talent to help reflect the unique communities where we live and work. We are proud to be an equal opportunity employer and prohibit discrimination or harassment based on race religion sex gender identity sexual orientation national origin age pregnancy disability genetic information and any other protected characteristics outlined by state federal and local laws. We believe strength comes from the diverse backgrounds and experiences of our team and we are dedicated to fostering a supportive and inclusive work environment.
Key Skills
- Loan Origination
- Sales Experience
- Microsoft Office
- Financial Services
- Customer Service
- Organizational skills
- Communication skills
- Military Experience
- Fair Housing Regulations
- Inside Sales
- Outside Sales
- Word Processing
About Company
OUR ADVANTAGE As the oldest and largest privately-held commercial bank in the Northwest, with over 40 financial centers and offices in Washington, Idaho and Oregon, we enjoy an advantage over our publicly-owned competitors. We base decisions and policies on what’s happening right her ... View more
