General Job Description

The primary role of the Jr. Loan Funder will be to coordinate the funding and selling of loans under the supervision and guidance of the Funding Manager. This role requires attention to detail, excellent organizational and communication skills, and the proven ability to perform complex calculations with few errors. 

Loan Funder Key Tasks and Responsibilities

• Review and verify loan documents for accuracy and completeness.
• Verify the availability of funds for loan closings, including down payments, lender funds, and third-party contributions.
• Prepare and submit funding packages.
• Work with loan processors, underwriters, and other relevant parties to clear any outstanding conditions or documentation requirements before funding.
• Coordinate the disbursement of funds by collaborating with various stakeholders, including title companies, escrow agents, and settlement agents
• Initiate and oversee wire transfers for secure and timely fund disbursement.
• Ensure all funding activities comply with regulatory requirements
• Conduct post-funding quality control and maintain accurate records of fund disbursements.
• May take on additional duties as needed

Required Role Qualifications:

• High School Diploma or Equivalent
• Basic Computer Skills and proficiency in Google Suite (Docs/Sheets, Word/Excel)
• Must be a collaborative individual who can work effectively with colleagues and take feedback to improve performance
• Attention to detail is crucial
• Strong Organizational Skills
• Good written and verbal communication skills
• Ability to manage time effectively
• A customer-focused approach is a must

Preferred Role Qualifications:

• Associate's Degree or College Coursework in accounting, math, or related field
• Any prior experience in a financial institution, banking, lending, or a related role
• Familiarity with loan processes, terminology, and documentation is a plus.
• Familiarity with basic financial concepts and terms 
• Ability to learn quickly and adapt to various scenarios

Salary : $20 - $24