Funding Associate

Planet Home Lending • Columbia, MD

2d

About The Position

The Funding Associate performs various funding and banking operations in support of the treasury team at Planet Home Lending, LLC. The funding associate is responsible for placing funding requests received from all business channels with warehouse banks, monitoring daily reports from warehouse banks to track loan status, and reconciling related debt balances on a daily and monthly basis. Maintain internal rec of daily fundings and reconcile against the warehouse bank records. This individual will interface with personnel in other offices regarding loan documents and closing status and with external banking operations teams. In addition, there will be opportunities for special projects within the Finance and Treasury departments, including but not limited to Planet’s commercial loan channel.

Requirements

• Associates or Bachelors’ degree preferred
• Minimum of two years’ experience in finance role or in operations in the mortgage industry, title company, etc.
• Basic excel proficiency is critical (i.e. pivot tables, VLOOKUP’s, keyboard shortcuts, and multiple workbook entries)
• Ability to multitask and prioritize tasks appropriately
• Capable of communicating effectively with various internal and external operations team members in multiple locations
• Rudimentary finance or mortgage knowledge
• Precision is a must!
• Attention to detail, including within loan funding packages and third-party reports
• Displays strong organizational skills with the ability to consistently meet deadlines
• Works well in a fast-paced environment
• The ability to work independently but also within a team environment seamlessly
• Familiarity with Encompass a plus

Responsibilities

• Receives daily loan funding requests from branch closing department, reviews package, and requests funds from warehouse banks.
• Reports loan sales for settlement at warehouse banks.
• Monitors daily warehouse bank reports, including collateral status, and maintains internal debt schedules and reconciliations
• Performs miscellaneous corporate finance and commercial loan functions
• Performs other duties and participates in special projects due to growing business as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree