Job Description
JOB DESCRIPTION:
LoanStream Wholesale is the "One Lender" for wholesale market. We span both Prime and Non-Prime lending effortlessly and make it easy for our broker partners to get their loans funded for their clients and real estate partners. Our leadership team has decades of experience, from top-tier lenders, dedicated to growing the careers of our associates, and growing our company.
Our teams thrive on a positive attitude, a constructive working environment, and a culture of getting the loan done, the right way – the first time. From our Sales teams to our operations teams, our associates are trained to succeed at their roles and support our broker partners every step of the way.
We are expanding: We just opened a NEW LOCATION opening October 1, 2020. Come be apart of our growing family!
THE SCOPE:
The primary role of the MORTGAGE FUNDING MANAGER is to oversee the funding department on a company wide basis. The Mortgage Funding Manager with review all signed loan document s and requests wire for funding and is primary company "Funding Expert" in all aspects of Funding. You may need to reviews final docs, issues conditions as necessary and to prepare, upload and request funding wires from the company warehouse lines if need be.
KEY RESPONSIBILITIES
- Utilizing Company Funding Checklist, review and verify signed loan documents for accuracy and completeness.
- Work closely with escrow companies , Account Managers, and Underwriters to optimize communication and ensure issues are resolved in timely manner.
- Review Estimated HUD-1 statement for accuracy.
- Ensure all underwriting and funding conditions are met prior to release of funds.
- Calculate funding proceeds for closing agent and request wire for funding.
- Follow for Final HUD 1, and ensure complete, accurate, and compliant with all applicable regulations.
- Ensure stacked and complete file is delivered to Risk Management within 3 business days of funding.
- Maintain high level of customer service to all internal and external customers.
- Ensure all Funding checklists are issued and loans funded within department turn time policy.
- Ensure all fees compliant according to Respa 2010 re-disclosure requirements.
- Ensure loan document date compliant with MDIA requirements.
- Train other associates in all aspects of funding process.
- Provide input to management for development and maintenance of funding-related policy and procedures.
- Primary company “go-to” party for funding-related questions and issues.
- Assist other funders in resolving complex funding issues as needed.
- Perform any other duties as assigned.
PROFESSIONAL EXPERIENCE, EDUCATION, AND QUALIFICATIONS:
- NEED FUNDING EXPERIENCE.
- Basic office equipment: Copier, scanner, fax machine, multi-line telephone and computer applications. Including Encompass.
- Intermediate level with Microsoft Office: Word, Excel, and Google Outlook.
- Encompass Loan Origination System and Ellie Mae Documents.
- Must have mortgage related experience
- Must possess strong organization, telephone, and follow-up skills.
- Must possess strong computer application knowledge, and be able to readily learn and adapt to new programs and websites as needed.
- Must be knowledgeable of elements of a basic mortgage loan file, including disclosure documents, loan closing documents, appraisal, title report, income verification, credit report, and 1003 URLA.
- Familiar with FHA Connection website, and all applicable functions.
PERKS:
- Flexible benefits package including 401K
- Impressive compensation packet.
- Covered parking
- Cafe
- Beautiful grounds with games and close to coffee shop, airport and restaurants.
WORK LOCATION:
- Must be able to come into our brand new office
COMPANY'S WEBSITE:
- www.Loanstreamwholesale.com
JOB TYPE: FULL-TIME
COVID-19 CONSIDERATIONS:
To keep our employee's safe as possible, we have hand sanitizer through-out the building, provided masks, gloves and have the building sanitized twice a month.
Company Description
Our team thrives on the positive work environment we foster. Our mission of getting the loan done the right way, the first time, resonates with every employee within the organization. We continue to enhance the loan process by integrating the most advanced technology, attracting the best talent in the industry and trusting our staff to always “do the right thing.”