What are the responsibilities and job description for the TPO Correspondent Funding Specialist position at Lakeview Loan Servicing?
Overview:
Lakeview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
The TPO Correspondent Funding Specialist oversees daily fundings for closed loans in third-party originations, ensuring accuracy and timeliness. Responsibilities include preparing funding files for external HFA partners and internal Treasury, Accounting, and Capital Markets teams to disburse funds to Sellers. This role requires expertise in mortgage lending, funding procedures, and compliance to facilitate smooth transactions and maintain TPO relationships. The specialist also identifies and mitigates risks, resolves funding issues, and ensures adherence to agency guidelines. This hybrid position reports to our Horsham, PA office three days per week.
Responsibilities:
- Prepare daily funding files for the Correspondent funding channel by gathering data from multiple sources to create a file for the internal Treasury department.
- Manage a pipeline of loans, prioritizing tasks and ensuring timely movement through the funding process.
- Perform daily reconciliation of loans with multiple Housing Finance Agencies (HFA), ensuring accurate reporting and program requirements.
- Coordinate with the internal Treasury department to ensure the timely funding of loans.
- Identify and resolve funding discrepancies in a timely manner.
- Communicate effectively with internal Treasury regarding returned wires and funding status of purchased loans.
- Collaborate with internal departments to streamline processes and enhance efficiency.
- Establish and maintain strong working relationships with both internal and external counterparts.
- Stay up to date with industry trends and best practices related to mortgage funding while proactively seeking opportunities for process and performance improvement.
- Receive cross-training in post-funding processes to support seamless transitions and issue resolution.
- Ensure compliance with company policies and regulatory requirements while effectively assessing risk within the department.
- High school diploma or equivalent required; Associate’s or Bachelors’ degree in Finance, Business, or related field preferred
- 1-2 years of experience in mortgage funding, banking, lending, or finance; mortgage-specific experience preferred
- Strong knowledge of mortgage lending guidelines
- Ability to work both independently and collaboratively across teams in a fast-paced, deadline-driven environment
- Proficiency in Microsoft Office Suite, specifically Excel, is required
- Strong verbal and written communication skills
- Excellent attention to detail and problem-solving skills
- Ability to manage multiple tasks and be flexible in a deadline-driven environment
Lakeview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
