Mortgage Funder

Royal Business Bank; Los Angeles (CA); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Disability insurance

Job summary

Royal Business Bank in Los Angeles, California, seeks a funding specialist to perform pre-funding reviews of mortgage loan closing documents and ensure packages align with bank policies and regulatory requirements.

You will work with internal staff, mortgage brokers, and escrow/title closing agents to verify funding figures, conditions, and fees, and to prepare funding schedules for clients. Relevant experience and strong time management are essential.

Qualifications

• High school diploma or equivalent.
• Minimum 3 years in mortgage funding, post closing, processing, or related experience.
• Excellent time management and organizational skills.
• Knowledge of FNMA, FHLMC, VA and FHA guidelines.

Responsibilities

• Prepare mortgage loan documents and closing disclosures.
• Ensure mortgage loan closing documents are complete and accurate.
• Ensure that all approval and appraisal conditions have been met and properly signed off, and ensures that proper fees are collected and funding figures are correct.
• Review signed loan documents and conditions prior to loan disbursement.
• Communicate with internal staff, mortgage brokers and escrow/title closing agents on funding status.
• Audit closed loan files and perform post-closing activities after loan closing including bank’s log for compliance.
• Prepare accurate funding schedules to issue to clients.
• Perform other duties as assigned.

Skills

Time management

Regulatory knowledge

Education

High school diploma or equivalent

Job description

Responsible in performing pre-funding reviews of executed mortgage loan closing documents and ensuring packages and loans are in accordance with Bank guidelines and policies and procedures; Complies with all regulations which apply within the scope of the position, including Bank Secrecy Act.

DUTIES

• Prepare mortgage loan documents and closing disclosures;
• Ensure mortgage loan closing documents are complete and accurate;
• Ensure that all approval and appraisal conditions have been met and properly signed off, and ensures that proper fees are collected and funding figures are correct;
• Review signed loan documents and conditions prior to loan disbursement;
• Communicate with internal staff, mortgage brokers and escrow/title closing agents on funding status;
• Audit closed loan files and perform post-closing activities after loan closing including bank’s log for compliance;
• Prepare accurate funding schedules to issue to clients;
• Perform other duties as assigned.

QUALIFICATIONS

EDUCATION: High school diploma or equivalent

EXPERIENCE: Minimum 3 years in mortgage funding, post closing, processing, or related experience

SKILLS/ABILITIES

• Excellent time management and organizational skills
• Knowledge of FNMA, FHLMC, VA and FHA guidelines

Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future.

WHY WORK FOR US?

Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, New Jersey, Chicago, and Hawaii. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to:

• Medical insurance
• Vision insurance
• 401(k)
• Disability insurance

Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.