Mortgage Loan Funder Job In Schaumburg, Illinois

Published 2020-10-16
Expires 2020-11-16
ID #193956613
Mortgage Loan Funder Job In Schaumburg, Illinois
United-states, Illinois, Schaumburg,
Published October 16, 2020

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Per annum
Occupation: Mortgage loan funder

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Leading mortgage banker, Key Mortgage, is looking to add a motivated high energy member to our team. The Mortgage Loan Funder will be responsible for ensuring that a mortgage loan has met the criteria for releasing the funds after closing and signing of the loan documents has occurred. This individual will need to review documents, complete Encompass data entry and provide funding information to the title / settlement companies to release funds at closing. Our Mortgage Loan Funder must be willing and able to work in a faced paced environment, stay organized and must have strong attention to detail.

Essential Functions:

* Review all loan documents for completeness and accuracy

* Assure error free documentation prior to releasing funds

* Reconcile Closing Disclosure to ensure correct loan settlement

* Deal proactively with all parties involved in the loan closing to avoid and/or resolve problems at closing

* Cure deficiencies

* Meet performance requirements for volume, quality, and timelines

* Clear any/all at funding conditions (ensure documentation satisfies condition )

* Communication effectively with internal staff and title agents

* Follow up on payoff and conditions

* Adhere to all federal and state compliance guidelines relative to retail mortgage lending

* Assist in other areas of post origination as needed


* At least 2 years of mortgage funding experience preferred

* Knowledge of TRID is required

* Ability to work in a fast paced environment

* High degree of attention to detail

* Must be proactive and timely in communication to business partners

* Familiar with mortgage closing documents

* Experience with Encompass is a plus


* Medical

* Dental

* 401k



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    Employer's info

    Key Mortgage Services
    Private person
    Registered on October 7, 2017

    Category info:

    Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.

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    Source: https://en.wikipedia.org/