Loan Funding Specialist

BankUnited; New York (NY); Sur place; USD 60 000 - 85 000; Plein temps

Résumé du poste

BankUnited is seeking a Loan Funding Specialist responsible for managing daily mortgage funding requests from banking counterparties and ensuring accurate processing and funding execution. The role includes cross-training for Collateral Management Specialist and ensuring compliance with applicable laws and internal policies.

Qualified candidates may have prior mortgage loan processing or related experience and a preference for candidates with a Bachelor's degree.

Responsabilités

• Receives daily funding requests from client and manages processing daily queue to ensure timely execution of transaction execution.
• Performs data verification cross-checks on each funding request to BankUnited's warehouse loan management systems' database and imaged closing documents relative to program eligibility.
• Performs Closing Agent due diligence to ensure eligibility and data base approvals.
• Approves Closing Agent instruction letters regarding disbursement of funds and transportation of closing collateral documentation.
• Prepares and delivers funding request for accounting approval and entry to Fed Wire queue.
• Verifies funding request is executed as scheduled.
• Records all executed funding requests and related data into BankUnited's warehouse loan management system for tracking and reporting measures.
• Coordinates with Loan Settlement Specialist the review, reconciliation and verification of all loan funding settlement requests (payoffs) for accounting accuracy and data integrity.
• Confirms that scheduled take-out investor is BankUnited eligible, current and resides within our approval database.
• Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
• Adheres to Bank policies and procedures and completes required training.
• Identifies and reports suspicious activity.

Description du poste

JOB SUMMARY:

A Loan Funding Specialist is primarily responsible for managing the processing and execution of all daily loan funding requests submitted by mortgage banking counterparties (\"client\"). This position will also be cross-trained for the Collateral Management Specialist.

Essential Duties And Responsibilities

• Receives daily funding requests from client and manages processing daily queue to ensure timely execution of transaction execution.


• Performs data verification cross-checks on each funding request to BankUnited's warehouse loan management systems' database and imaged closing documents relative to program eligibility.


• Performs Closing Agent due diligence to ensure is eligibility and data base approvals.


• Approves Closing Agent instruction letters regarding disbursement of funds and transportation of closing collateral documentation.


• Prepares and delivers funding request for accounting approval and entry to Fed Wire queue.


• Verifies funding request is executed as scheduled.


• Records all executed funding requests and related data into BankUnited's warehouse loan management system for tracking and reporting measures.


• Coordinates with Loan Settlement Specialist the review, reconciliation and verification of all loan funding settlement requests (payoffs) for accounting accuracy and data integrity.


• Confirms that scheduled take-out investor is BankUnited eligible, current and resides within our approval database.


• Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).


• Adheres to Bank policies and procedures and completes required training.


• Identifies and reports suspicious activity.

Qualifications

Education

• Bachelor's Degree preferred

Experience

• Prior mortgage loan processing, underwriting, closing or post-closing related experience and a general knowledge of mortgage lending regulations (state and federal), loan documentation, policies and procedures preferred


• Confidentiality in handling of secure borrower documents required

Additional Information

• Candidates residing in locations within BankUnited's footprint may be given preference.