What are the responsibilities and job description for the Mortgage Funding Manager position at Redwood Trust Inc?
Position Summary: The Mortgage Funding Manager will oversee all mortgage funding personnel and processes. This role will ensure timely and accurate disbursement of daily funds and ensure all policies and procedures are adhered to and kept current. This role requires strong leadership skills, diligence, and a deep understanding of mortgage funding practices. This role has a high level of interaction with internal and external parties.
Key Responsibilities:
- Manage the end-to-end mortgage funding process for flow and bulk transactions, ensuring all timelines are met and all daily reporting is communicated
- Ensures integrity of all custodial and downstream funding data
- Ensure compliance with all regulatory requirements and company policies
- Coordinate with internal teams, such as underwriting, servicing, treasury, Capital Markets, Client Service Representatives, Transactional, Legal and Compliance to ensure smooth and efficient funding operations
- Monitor and manage funding pipelines to meet deadlines, maintain defined turn times and ensure loans are moving through to purchase as expected
- Resolve any issues or discrepancies that arise during the funding process
- Analyze and interpret borrower payment histories; determine and apply curtailment amounts to loan balance
Required Education, Experience, & Skills
- 10 years of mortgage industry experience
- 5 years funding/closing experience
- 5 years of management/leadership experience
- Experience with loan origination documentation
- Excellent organization, reporting and follow up skills
- Technologically savvy, with the ability to work in varied systems; Proficiency with Excel, loan origination systems, Outlook
- High diligence and effective critical thinking skills
- Excellent customer service skills
- Excellent oral and written communication skills
- Diplomatic and professional
- Ability to work collaboratively with cross-functional teams
- Excellent analytical and critical thinking skills
- Exceptional organizational skills
- Strong communication and people skills
- Strong knowledge of mortgage loan file documentation and custodial relationship
- Strong understanding of mortgage servicing processes
A reasonable estimate of the base compensation range for this role is $84k - 112k annually.. 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.
Salary : $84,000 - $112,000
