Position Summary:
The Funding Specialist is responsible for file preparations and communications with third parties to ensure a loan is funded properly. This role reviews all documents to ensure accuracy and facilitates timely monetary transfers.
Essential Functions & Responsibilities:
* Prepare File for Funding
* Check all title requirements and recordable documents for validity and insurability
* Release and/or set up wires for disbursement and printing checks
* Work with vendors/attorneys/partners to facilitate the funding of loans on time
* Report any discrepancies, issues, shortages, or funding errors immediately
* Follow up and remediation on daily deposits, delayed fundings, escalations, funding issues, funding exceptions, stale checks, file balances
* Review exception reports to communicate delays and issues to customers
* Work on final funding process: overnight checks, booking or posting wires and deposits, wire confirmations, prepare FFD paperwork
* RDC Deposits and Positive Pay
* Mail out payments, scan documents, follow up on tax payments, handle remittance corrections
* Maintain compliance on wire and check policies
* Assist with file balances and stale checks
* Help with post-closing, recording and policy as necessary
Job Requirements
Qualifications Required:
* High school diploma or equivalent.
* 3+ years of title/mortgage or financial company experience desired.
* Detail oriented
* Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary internal and external customer service
* Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices
* Knowledge of basic computer programs to include Windows, Microsoft Word and Excel, Internet, and Microsoft Outlook.