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Mortgage Funder

Company: Ctbc Bank Corp. (usa)
Location: Monterey Park
Posted on: January 12, 2022

Job Description:


  • The function of this position is to complete the mortgage loan application process by funding the loan in accordance with lender closing instructions and signed closing statement. Perform a wide range of duties related to the closing of residential mortgage loans, as well as committing, delivery of secondary market loans.ESSENTIAL FUNCTIONS:Processing and Closing (100%)
    • Review all loan application documents to ensure loans accuracy and completeness. Assure that loans are processed in accordance with company policy and procedure.
    • Coordinate with loan officer and closing agents on conditions to close deals.
    • Identify mortgage loan application and documentation problems by highlighting deficiencies; notifying mortgage loan underwriter and
    • Mortgage Operations Manager.
    • Responsible for preparing all mortgage loan closing documents and completion of post-closing documentation processing.
    • Ensure the closing package is complete and accurate.
    • Responsible for reviewing and reconciling the loan to ensure funding and booking are executed correctly.
    • Ensure all change in circumstances is done correctly and within the required timeframes.
    • Balance all loan funding.
    • Work closely with servicing to assist in the transfer of files.
    • Research changes to the secondary market guidelines and recommend/implement the changes to increase work efficiency. Present recommendations to management to improve processing and underwriting.
      • Successfully complete all mandatory training on related Bank and BSA compliance as well as other laws and regulations as assigned in a timely manner.
      • Perform all assigned duties under Banks compliance programs and related laws & regulations.
      • Perform other duties as assigned.
        Education, Experience and Skills Required:
        • 3+ years of Mortgage Document preparation, Closing, and Post Closing delivery experience required.
        • Advanced industry knowledge of closing residential mortgage loans and the requirement of secondary market sources (FNMA)
        • Bachelors degree in Finance, Business Administration, Accounting, or other relevant Business fields is preferred
        • Familiar with EasyLender and Ellie Mae Encompass 360 is a plus
        • Working knowledge of credit, spread analysis, finance and lending procedures, and legal and audit regulations.
        • Analytic, quantitative, interpersonal, verbal, and written communication, and PC skillsPHYSICAL DEMANDS:
          • Minimum mobility to work in an office setting; sit for prolonged period of times; operate office equipment including use of a computer keyboard; and reach with hands and arms. Employees are occasionally required to walk and stand and lift and move records and documents weighing 30 pounds or less.COMMUNICATION DEMANDS:
            • Attention to detail, strong organizational, communication, interpersonal, self-motivated, and analytical skills, ability to interact with all levels of management and staff.
              WORK ENVIRONMENT:
              • Standard office environment. Noise level in work environment is usually average. Hear in the normal audio range with or without correction. Specific vision abilities required by this job include close vision and the ability to adjust Jobble

Keywords: Ctbc Bank Corp. (usa), Monterey Park , Mortgage Funder, Other , Monterey Park, California

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