Funding Specialist - UMortgage
philadelphia, PA 19103
About the Job
Funding Specialist
Department: Operations
Salary: $60,000 Incentive
What We Need
We are seeking a detail-oriented and communicative Funding Specialist to join our team! In this role, you will take ownership of loans once closing documents are finalized, ensuring an efficient and timely funding process. If you're good with numbers, have previous experience in a funding role, and thrive in a fast-paced, high-volume environment, this is an excellent opportunity to advance your career.
What You’ll Do
Coordinate with title companies, borrowers, loan originators, and processors to ensure timely loan funding and resolve discrepancies.
Process wire transfers for first mortgage loans and balance amounts with closing agents.
Verify loan application documents, including title, HOI (Homeowner's Insurance), and appraisal, ensuring compliance and clearing conditions before funding.
Ensure all paperwork is signed, and PTF (Prior to Funding) conditions are met before wiring funds.
Communicate with closing agents to verify wire instructions and reconcile wire amounts with investor purchase advice to ensure accurate revenue reporting.
Update Loan Origination System (LOS) with status dates and necessary documentation.
Coordinate with UMortgage’s closing department to ensure wires are sent on time and funds are accurate.
Take on other tasks as needed to support business objectives.
What You Need
Minimum of 2 years of experience in a mortgage role, within the Funding
Team-oriented, adaptable, and accountable
Strong attention to detail and time management skills
Strong analytical and problem-solving skills
Excellent customer service and written communication skills
Excellent organizational and follow-up skills
Ability to multitask and prioritize projects with multiple deadlines.
Experience with multiple lender platforms and TPO Portals (UWM and HPF are a plus)
Experience in the Broker Channel and Non-Delegated/Correspondent Channel is ideal.
Experience working with Loan Originators, Processors, Title Companies, and Settlement Agents.
What You’ll Love at UMortgage
Health benefits
Dental Benefits
Vision Benefits
FSA/HSA accounts
401k/ Roth IRA
17 Days of PTO, 7 Federal Holidays and 2 Floating Holidays
Working with one of the top 100 fastest growing companies in America, ranked #88 on the Inc. 5000 list for 2024
Working with teams and offices across the US
Our “Get Better Everyday” Culture
Team Member Ownership options
Accelerated Career Growth
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