Mortgage Funder

Job Description

Job Description

Position Summary

The Mortgage Funder is responsible for managing and executing the loan funding process from approval through disbursement. This role ensures accuracy, compliance, and timeliness in the preparation and release of mortgage funds. This role has a high level of interaction with internal parties (secondary marketing, sales, legal and compliance, treasury) and external parties (lenders, warehouse banks, settlement agents, custodians) to ensure a successful settlement and post-funding process for mortgage transactions.

Responsibilities & Duties

• Determine the funding population based on loans that have cleared Due Diligence
• Determine that all required loan criteria have been met prior to funding
• Analyze and prepare accurate funding schedules to issue to clients
• Determine collateral and manage pre-purchase collateral exceptions
• Manage seller with regards to pre-purchase collateral issues
• Engaging the Client Services Rep and / or Operations Manager when necessary
• Interact with all functions within the company, ability to negotiate in the best interest of stakeholders’ overall position

Required Experience & Education

A reasonable estimate of the total compensation range for this role is $65,000-$75,000. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. CoreVest also offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching.

At Redwood Trust, we are committed to fostering an inclusive workplace where diversity is valued, and everyone has the opportunity thrive. We welcome applications from individuals of all backgrounds and experiences. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.