AVENUE 365- Funding Specialist - Langhorne

Only for registered members Langhorne, United States

1 day ago

Default job background
Job Title: Funding Specialist · Department: Operations · FLSA Status: Non-exempt · Position Summary: · The Funding Specialist is responsible for file preparations and communications with third parties to ensure a loan is funded properly. This role reviews all documents to ensure ...
Job description

Job Title: Funding Specialist

Department: Operations

FLSA Status: Non-exempt

Position Summary:

The Funding Specialist is responsible for file preparations and communications with third parties to ensure a loan is funded properly. This role reviews all documents to ensure accuracy and facilitates timely monetary transfers.

Essential Functions & Responsibilities:

  • Prepare File for Funding
  • Check all title requirements and recordable documents for validity and insurability
  • Release and/or set up wires for disbursement and printing checks
  • Work with vendors/attorneys/partners to facilitate the funding of loans on time
  • Report any discrepancies, issues, shortages, or funding errors immediately
  • Follow up and remediation on daily deposits, delayed fundings, escalations, funding issues, funding exceptions, stale checks, file balances
  • Review exception reports to communicate delays and issues to customers
  • Work on final funding process: overnight checks, booking or posting wires and deposits, wire confirmations, prepare FFD paperwork
  • RDC Deposits and Positive Pay
  • Mail out payments, scan documents, follow up on tax payments, handle remittance corrections
  • Maintain compliance on wire and check policies
  • Assist with file balances and stale checks
  • Help with post-closing, recording and policy as necessary
  • Maintain correspondence with clients and borrowers for corrections/trailing documents if needed
  • Other duties as assigned
 


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