Prosperity Home Mortgage, LLC · 4 months ago
Mortgage Loan Funder - Remote - Eastern Standard Time Zone
United States
Full-time
Remote
Senior Level
5+ years expProsperity Home Mortgage, LLC (PHM) is seeking a Loan Funder to join our Accounting team. This role ensures accurate and timely funding of mortgage loans while maintaining compliance with company policies, investor requirements, and regulatory guidelines. The Loan Funder is responsible for processing loan fundings, resolving discrepancies, and acting as the primary contact for funding inquiries.
MortgageReal Estate
Responsibilities
Initiate and process loan fundings to multiple warehouse banks, ensuring correct disbursements based on loan product types. Process return wires, loan suspensions, answers Departmental emails in Shared Inbox and other related metrics, while collaborating with a nationwide team
Work closely with the Closing Operations team to resolve funding issues, including discrepancies with closers, underwriters, and loan processors. Provide expert guidance on loan funding errors and resolve them efficiently
Maintain in-depth knowledge of various loan products to ensure accurate submission to the correct warehouse bank. Understand and ensure compliance with product-specific documentation requirements
Identify and address discrepancies in funding amounts (e.g., over-disbursements, under-disbursements). Ensure that funding worksheet aligns with the signed Closing Disclosure to maintain financial accuracy
Manage return wires and address issues related to loans suspended due to new accounts, data errors, or regulatory flags (e.g., OFAC suspensions). Ensure receipt of wires for closing
Monitor and process daily supplemental wire requests and handling of disbursement checks returned from closing. Ensure proper coding and GL entry for accurate financial tracking
Act as the primary point of contact for funding-related inquiries, providing expert advice to closers and other stakeholders
Ability to resolve problems and communicate effectively
Other duties as assigned
Qualification
Required
Bachelor's degree in Accounting, Finance or related field required
5-8 years of experience in mortgage origination, loan closing, and warehouse line operations. Strong knowledge of loan closing, loan disbursement processes, and regulatory requirements
Proficiency in Microsoft Office (Excel, Word)
Expertise in Encompass software
Strong attention to detail and organizational skills
Ability to manage time-sensitive tasks under pressure
Excellent communication and problem-solving abilities
Preferred
Ability to work both independently and as part of a team
Adaptability in a fast-paced environment
Strong financial acumen and understanding of mortgage industry regulations
Company
Prosperity Home Mortgage, LLC
Prosperity Mortgage Corporation operates as a mortgage company.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Justin Messer
President and CEO
Tim Wilson
CEO Prosperity Home Mortgage
Recent News
Business Journals
2023-01-12
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