Loan Funder

Company:  Constructive Capital
Location: Chicago
Closing Date: 18/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

Founded in early 2008, Fay Servicing is committed to providing innovative servicing solutions for both performing and non-performing mortgage loans. As a specialty mortgage servicer who sees the customer behind every loan, we understand that our customers aren’t loan numbers — they’re homeowners.
Before founding our company, we conducted an exhaustive analysis of the mortgage servicing industry and gained valuable insight into the problems facing mortgage servicers and their customers. With that insight, we set out to build a different kind of servicing company from the ground up.
Come join us on our journey to serve our customers and be the leader in our industry! We are currently looking for a Loan Funder to join our team!
The Loan Funder reports to the Accounting Supervisor and is responsible for funding loans through the warehouse portal, running daily warehouse reports, and paying down sold loans. The Loan Funder will work closely with the Closing Department at the time of funding and will be responsible for reviewing closing documents and wire requests. The position will be responsible for funding loans promptly in accordance with company requirements.
What you will do for Constructive Capital:

  • Check the file for completeness and the required document
  • Review executed loan documents prior to the release of funds
  • Verify and set up lender wire for closing with the warehouse
  • Run daily warehouse reports and update the Encompass funding worksheet
  • Paydown loans on warehouses that have been sold
What you will bring to Constructive Capital:
  • High school diploma/GED; some college preferred
  • 1-3 years of Mortgage Banking experience
  • Demonstrated ability to prioritize, multi-task, meet deadlines, and adapt to changing priorities with strong organizational skills
  • Precise attention to detail
  • Knowledge of final loan documents and audits for final funding
  • Encompass experience
  • WLS experience Excellent written and verbal communication skills and ability to work in a team environment

Diversity, Equity, and Inclusion are deeply embedded into our way of working at Fay. We believe that the best ideas come from having a team that is diverse in backgrounds, experiences, and perspectives. We strive to ensure each of our employees feels valued, respected and included and is presented with equal opportunities to be successful here at Fay. We are proud to be an equal-opportunity workplace. The Fay Group and affiliated companies participate in E-Verify. For more information go to E-Verify is a registered trademark of the U.S. Department of Homeland Security.
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