Correspondent Lending Funding Manager - Avp
Communicated with internal and external clients to insure the closed mortgage loans were funded and boarded to the servicing system correctly.• Oversee the flow funding function to ensure loans were accurately and expediently funded which included wire transfers sent to the Correspondents or warehouse banks accurately and timely.• Oversee and manage data entry, preliminary review, and pending function of flow-funded loans. • Manage flow funding loans to ensure the sale of loans to Freddie Mac within 120 days of the Note date. • Ensure loans are funded within 70 days of Note date to avoid an appraisal update.• Coach and train team members on new processes or documentation requirements.• Ensure team members were kept up to date on cross-training within the department.• Accessed penalties to Correspondent if loans were not ready for funding within the funding timeframe.• Assigned team members files for funding and pending.• Managed the Flow Funding Team, completed and provided yearly reviews - Personal Development Plans plus 6-month reviews and goals.• Review monthly production reports for each associate and coach as needed.• Reviewed daily ADHOC reports.• Committed to taking actions necessary to accomplish missions/goals. • Turns thoughts into actions through proper planning, organizing, and execution.• Exhibits pride in work and accomplishments. Possesses self-motivation and a strong work ethic including initiative, energy, and desire to begin and complete assigned tasks.
