Mortgage Funding Specialist

2 weeks ago


Wichita Falls, Texas, United States American National Bank & Trust Full time
Job Overview

POSITION SUMMARY:

The Mortgage Funding Specialist plays a crucial role in the financial services sector by ensuring the accurate review and processing of loan documentation. This position entails the meticulous examination of loan files, funding procedures, and the preparation of shipping packages for investors. Additionally, the specialist is tasked with resolving exceptions with investors and managing all final documentation.

KEY RESPONSIBILITIES:

  1. Conduct thorough reviews of all loan packages to ensure compliance before disbursement.
  2. Address and resolve all underwriting conditions prior to the funding of loans.
  3. Examine loan packages received from title agencies for accuracy.
  4. Oversee the funding of loans, including the calculation of fee sheets and the disbursement of funds.
  5. Manage the payment and retrieval of all fees and certificates for both government and conventional loans.
  6. Resolve any conditions or exceptions with investors on loans that have been shipped for purchase.
  7. Ensure the accuracy of all Encompass files prior to management review and reporting.
  8. Perform additional duties as assigned by the supervisor.

ESSENTIAL SKILLS:

  1. Comprehensive knowledge of regulations governing loan funding.
  2. Ability to interpret and understand mortgage documentation.
  3. Proficient in maintaining accurate records and generating relevant reports.
  4. Skilled in the use of office equipment and various computer applications.
  5. Commitment to accuracy in loan funding processes.
  6. Effective communication skills for interaction with title company personnel, investors, agents, builders, and bank staff.
  7. In-depth understanding of mortgage lending requirements, including legal and funding restrictions.
  8. Ability to thrive under pressure, demonstrating exceptional time management, multitasking, and attention to detail.

WORK ENVIRONMENT:

This role requires the individual to be seated or standing for extended periods, with occasional lifting of up to 10 pounds. The position is primarily indoors, characterized by a moderate noise level, and does not involve exposure to harmful environmental conditions.

EXPERIENCE REQUIRED:

A high school diploma or GED is required, with a focus on office skills. A minimum of one year of experience in mortgage closing or 12-18 months of related experience or training is preferred.

REPORTING STRUCTURE:

This position reports directly to the Closing Officer, who in turn reports to the Senior Vice President and Executive Vice President of Residential Mortgage, ultimately reporting to the President/CEO of American National Bank & Trust.

DISCLAIMER:

This job description is intended to provide a general overview of the position and is not an exhaustive list of all responsibilities that may be assigned. Duties may be modified, expanded, or delegated by management as necessary to meet the organization's needs.



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