Come join our amazing team and work Remote !
The Sr Wholesale Funder will be responsible for closing doc drawing, preparing, reviewing and funding approved loan files ensuring compliance with appropriate regulations and company policies. Coordinates disbursement of funds with escrow, title companies, and warehouse banks. Perform all duties in accordance with the company’s shipping policies and procedures, all US state and federal laws and regulations, wherein the company operates. The target pay range for this position is $22.00 / hr to $32.00/ hr + Monthly Incentive plan.
What you’ll do:
- Works with appropriate parties to draw docs and clear any outstanding conditions prior to loan funding
- Reviews signed loan documents for compliance with federal, state and local law and company policies and procedures
- Reviews and approves settlement statement from closing agent
- Verifies and prepares wire transfer instructions
- Verifies loan amount, all fees, rates, discount points, broker rebates and other funding amounts
- Reviews signed loan documents for correct signatures, notary information, title reports and escrow instructions
- Inputs funding information into the Encompass loan system(s)
- Follows up with any post-closing issues that may arise
- Maintains a thorough working knowledge of Company and regulatory changes that effect the funding process
- Resolves funding discrepancies with the Accounting Department and Shipping Department
- Assists departmental support staff when necessary
What you'll need:
- Must demonstrate thorough knowledge of all aspects of mortgage loan closing and funding
- Experienced in NONQM, Conventional, FHA and VA loan programs for wet and dry states
- Thorough understanding of current regulations
- Maintains highly confidential information concerning broker clients
- Requires extremely high level of organizational skills and ability to work on several tasks simultaneously
- Constant contact with title/escrow companies, brokers and internal office staff
- Normal coordination of various duties required
- Experience working in a paperless environment preferred.
- Office machines such as computer, copiers, scanners, fax machines
- Ability to communicate effectively both verbally and in writing
- Ability to handle detailed assignments
- Ability to organize and prioritize workload and meet deadlines
- Excellent computer skills and working knowledge of Microsoft Office products.
- AUS experience preferred.
- Strong customer service skills
- High School diploma or equivalent work experience
- Five plus years of experience as a mortgage loan Funder with multiple loan products and warehouse lenders
Our Company:
Carrington Mortgage Services-Wholesale Lending is part of The Carrington Companies. We provide third-party originators, mortgage brokers and financial institutions with access to government and conventional loan programs, as well as low credit score home financing and low down payment options. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonwholesale.com.
What is the value proposition to joining the team?
- Increased earning capacity due to access to our 48 state territory.
- Ability to market faster and more efficiently inside the operation.
- Superior service levels offered to the broker as you’re inside presence ensures every step of the loan process is handled in the most efficient manner possible.
- Professional account manager’s partner with you and your brokers to add value every step of the way.
- Base pay plus an industry leading commission plan.
- Take over existing accounts.
What We Offer:
- Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
- Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
- Customized training programs to help you advance your career.
- Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow.
- Educational Reimbursement.
- Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.
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