Mortgage Loan Funder I/II
WASHINGTON TRUST BANK
Spokane, WA
JOB DETAILS
JOB TYPE
Full-time, Employee
SKILLS
Administrative Skills, Calculators, Commercial Loans, Communication Skills, Construction, Credit Analysis, Customer Satisfaction, Customer Support/Service, Data Collection, Diversity, Document Imaging, Employee Relationship Management (ERM), Escrow, Establish Priorities, Federal Housing Administration (FHA), Federal Laws and Regulations, Funding, Genetics, Government Funding, Interpersonal Skills, Loan Collateral, Loan Documents, Loan Funding, Loan Review, Loan Servicing, Loans, Maintain Compliance, Microsoft Excel, Microsoft Office, Microsoft Outlook, Microsoft Word, Mortgage Insurance, Mortgage Lending, Mortgage Servicing, Multitasking, Philosophy, Post Closing, Problem Solving Skills, Process Improvement, Property Insurance, Property Tax, Regulatory Compliance, Residential Mortgages, Secondary Markets, Set Goals, State Laws and Regulations, Technical Support, Time Management, Training/Teaching, Word Processing
LOCATION
Spokane, WA
POSTED
10 days ago
Under the direction of a manager, the Mortgage Loan Funder evaluates residential loans and funds them in accordance with secondary market requirements and the bank's 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 Agent's settlement statement/Closing Disclosure for any fee discrepancies
Balances with Escrow Agents and Disburses funds as needed utilizing a variety of tools such as cashier's checks, deposit accounts, and wire transfer
Performs post funding duties such as, MERS registration, homeowner's 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 2-3-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: $17.49 to $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 benefits HERE as 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.
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
About the Company
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