Funding Manager

Western Alliance Bank•Dallas, TX

About The Position

As the Funding Manager you'll lead, supervise and manage the daily pipeline of loan assigned to the team. You'll provide guidance to staff to assist with expectations, pipeline reviews, and communicate frequently with Loan Processing and Underwriting departments as well as with the Sales team. Ensure quality and compliance of docs and funding associates with company policies, procedures, and investor guidelines. Maintain a thorough working knowledge of company and regulatory changes that affect the funding process. Demonstrate a thorough working knowledge of all aspects of mortgage, closing and funding guidelines. Assist in development and implementation of formal and informal training programs. Develop and maintains clear guidelines of department workflow. Excellent knowledge of the mortgage closing process and TRID requirement. Review all wires for dual approval process. Manage various pipelines with special attention to lock expiration, CDs/COCs due, PCCDs due, Escrow disbursement. Communicate to treasury regarding funding’s and federal ref numbers. Maintain feedback for monthly title calls. Prioritize rush transactions, monitors lock expirations, reviews rejected tax payments and handles remediation of all compliance findings. Take ownership in resolving loan level issues with the team. Ensure the team is communicating and following up, keeping all stakeholders up to date. Assist departmental staff when necessary. Lead and develop a team: responsible for hiring, coaching, performance management, training and development.

Requirements

10+ years of related experience in Retail Residential Mortgage Closing/Funding or similar field
High school diploma required; Bachelor's degree in related field preferred
Previous leadership experience required
Intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, capital markets and/or other residential mortgage products and services
Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
Advanced Conventional and Government loan experience required including streamlines and IRRRLs
Advanced experience with Encompass
Intermediate speaking and writing communication skills

Responsibilities

Lead, supervise and manage the daily pipeline of loan assigned to the team
Provide guidance to staff to assist with expectations, pipeline reviews
Communicate frequently with Loan Processing and Underwriting departments as well as with the Sales team
Ensure quality and compliance of docs and funding associates with company policies, procedures, and investor guidelines
Maintain a thorough working knowledge of company and regulatory changes that affect the funding process
Demonstrate a thorough working knowledge of all aspects of mortgage, closing and funding guidelines
Assist in development and implementation of formal and informal training programs
Develop and maintains clear guidelines of department workflow
Review all wires for dual approval process
Manage various pipelines with special attention to lock expiration, CDs/COCs due, PCCDs due, Escrow disbursement
Communicate to treasury regarding funding’s and federal ref numbers
Maintain feedback for monthly title calls
Prioritize rush transactions, monitors lock expirations, reviews rejected tax payments and handles remediation of all compliance findings
Take ownership in resolving loan level issues with the team
Ensure the team is communicating and following up, keeping all stakeholders up to date
Assist departmental staff when necessary
Lead and develop a team: responsible for hiring, coaching, performance management, training and development