Funder

Builders Capital is looking for a highly motivated Funder to join their new Permanent Financing Division The Mortgage Funder in Builders Capital’s Permanent Financing Division is responsible for ensuring a smooth, accurate, and efficient loan funding process. This role involves verifying documentation, coordinating with various stakeholders, ensuring compliance with company and regulatory policies, and maintaining strong relationships with title companies, closing attorneys, internal stakeholders, and other partners. The Mortgage Funder plays a crucial role in facilitating the completion of home loans, ensuring that funds are correctly disbursed and that all transactions comply with established guidelines.

Builders Capital is the nation's largest private construction lender, offering innovative financing solutions to a wide spectrum of developers and homebuilders. Loan products include options for Acquisition, Development, Construction, and Bridge financing, in the form of single-asset loans, portfolio loans, and revolving credit facilities. In addition to financing opportunities, Builders Capital borrowers can leverage national accounts for material purchase discounts, and access cutting-edge technology for project management, accounting, and BIM technology tools. Builders Capital is headquartered in Puyallup, Washington, with regional sales offices across the country.

ESSENTIAL FUNCTIONS:

• Verify the accuracy and completeness of loan files, including title reports, insurance, and other trailing qualification documentation. Identify any outstanding items and ensure the appropriate parties are aware before the loan can be funded.
• Accurately prepare closing documents and coordinate with third parties to balance an accurate settlement statement. Oversee the timely preparation and delivery of these documents to minimize delays and optimize the closing process.
• Confirm adherence to all company, investor, and agency compliance policies and regulations throughout the funding process.
• Thoroughly review all signed loan documents for accuracy, completeness, and inclusion of all required documentation before authorizing the release of closing funds.
• Collaborate with Builders Capital's Treasury and Capital Markets team to confirm the source of funds and request funding once all required conditions have been met.
• Ensure that loan proceeds are disbursed accurately and timely to the appropriate parties, such as escrow companies, borrowers, or third parties.
• Act as a liaison between the lending institution, title companies, closing attorneys, and internal stakeholders to resolve issues promptly and streamline the funding process.
• Build and maintain positive working relationships with title companies, closing attorneys, internal stakeholders, and other partners to facilitate a seamless transition from application to closing.
• Assess financial risks associated with funding decisions and report any concerns to management.
• Create and maintain internal documents and reports related to loan funding activities.
• Contribute to the development of new procedures and process improvements, leveraging feedback and data to enhance the efficiency and accuracy of loan funding activities.
• Engage in regular meetings and brainstorming sessions to identify pain points, inefficiencies, and opportunities for process innovation within the new division.
• Track key performance indicators (KPIs) related to loan funding, identify trends, and recommend changes to improve turnaround times and customer satisfaction.

QUALIFICATIONS:

• Education: High school diploma or equivalent; associate or bachelor's degree in finance, business, or related field preferred.
• Experience: Minimum of 2 years of experience in mortgage funding, loan processing, or a similar role within the mortgage or real estate industry.
• Strong understanding of mortgage documents, loan funding procedures, and regulatory compliance requirements.
• Excellent attention to detail and organizational skills.
• Strong communication and interpersonal skills for maintaining relationships with stakeholders.
• Proficiency in mortgage software and Microsoft Office applications.
• Ability to analyze financial data and assess risk.
• Problem-solving skills to handle any discrepancies or issues that arise during the funding process.
• Ability to adapt to a new division's evolving processes and contribute to continuous improvement.
• Ability to work both independently and collaboratively in a fast-paced environment.
• High level of integrity and commitment to maintaining confidentiality and regulatory compliance.
• Proactive mindset to identify and implement process improvements in a new and evolving division.

BENEFITS:

• Health insurance – Builders Capital pays 100% of employee medical insurance premiums
• Competitive wages
• Paid time off – 3 weeks a year
• Paid holidays – 10 paid holidays
• Health Savings Account (HSA) – Builders Capital contributes $750.00 annually pro-rated from your start date into your account.

This job posting highlights the most critical responsibilities and requirements of the job; however, there may be additional duties, responsibilities, and qualifications for this job.

Construction Loan Services II LLC (Builders Capital) and its affiliates are Equal Employment Opportunity (EEO) employers and welcome all qualified applicants. This is a full-time, exempt position. The job description contained herein is not intended to be a comprehensive list of the duties and responsibilities of the position, which may change without notice.