Funding & Post Closing Manager - Officer
Marquette Bank•Orland Park, IL
•$70,000 - $85,000
About The Position
The Funding and Post Closing Manager Officer oversees team activities related to funding commercial and consumer loans and manages residential loans from closing through funding and delivery to investors. The role ensures compliance, accuracy, and timely execution of funding and post-closing activities. It also involves overseeing staff, reviewing work and performance, and supporting departmental and organizational goals while adhering to applicable regulations and internal policies.
Requirements
- Minimum 7–10 years of experience with residential real estate loans.
- Prior management experience required; this is an Officer/AVP-level position.
- Experience using the Encompass platform required.
- Working knowledge of bank operations, systems, and regulatory guidelines.
- Self-motivated, with willingness to implement changes to improve bank performance.
- Strong communication, organization, and time-management skills.
- Team-oriented approach.
- Ability to handle and complete multiple tasks under time constraints.
- Good customer service skills.
- Ability to handle difficult and sensitive business situations.
- Good analytical and problem-solving skills.
Nice To Haves
- Bachelor’s degree preferred, or certification in Business Finance or Real Estate Lending.
Responsibilities
- Validate funding desk requests against bank requirements before facilitating loan disbursements and wires.
- Perform daily, weekly, and monthly general ledger balancing across multiple accounts.
- Compile monthly management reports.
- Manage residential loans from closing through funding, delivery to investors, and sale or booking.
- Monitor timely submission of loans to title companies and investors to meet funding and lock expiration dates.
- Clear deficiencies and collaborate with Operations to obtain necessary documents.
- Obtain purchase advice from investors and verify the accuracy of payments received.
- Collect and track first payments; manage PMI, taxes, and payments due until investor purchase; and balance final remittance.
- Facilitate appraisal ordering and fee tracking for residential real estate loans.
- Participate in the Grant process by initiating, processing, and submitting documentation.
- Respond to FNMA data requests and investor document stipulations.
- Monitor the MERS system to ensure loans are entered and transferred properly.
- Participate in Disaster Recovery and Business Continuity initiatives as assigned.
- Oversee and manage staff; review work product and performance.
- Comply with applicable laws and regulations, including the Bank Secrecy Act, HMDA, and Community Reinvestment Act, and follow internal policies, procedures, and risk-management responsibilities.
- Perform job-related responsibilities that support departmental and organizational goals.
Benefits
- Health insurance
- Term life and disability insurance
- Generous time off
- 401(k) Salary Savings Plan
- Employee Stock Ownership Plan (ESOP)
- Gym subsidy
- Tuition reimbursement
- Community involvement opportunities
- Free FunRewards checking account
- Variable pay may include performance-based incentives, commissions, target bonus, and discretionary bonus
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
