Mortgage Funding Manager
About The Position
PENNYMAC Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey. A Typical Day The Mortgage Fulfillment Funding Manager acts as a key contributor in workflow management, new initiatives, process development and culture building. As the Mortgage Fulfillment Funding Manager, you will monitor workflows and queues to ensure service levels are met, develop process improvements or actively seek methods to streamline business processes and manage and set goals for a team.
Requirements
- Bachelor's degree or equivalent work experience
- 3+ years of experience in mortgage industry, with at least 2 years in a supervisory or management role
- Knowledge and deep understanding of loan closing, funding processes, and relevant regulations (TRID, RESPA, FHA, VA, and conventional loans) required
- Familiarity with loan origination systems (LOS), closing software, and banking systems used for fund disbursement.
- Advance knowledge of Microsoft Office (Excel, Access, Word and PowerPoint)
Nice To Haves
- Encompass experience a plus
Responsibilities
- Manage and mentor the funding team, overseeing daily operations.
- Ensure that team members meet deadlines and maintain accuracy in their work.
- Provide training and development opportunities for team growth.
- Supervise the review of closing documents, including the Closing Disclosure (CD), promissory note, and deed of trust.
- Verify the accuracy and completeness of documents before authorizing fund disbursement.
- Approve and coordinate the disbursement of loan funds to escrow companies or title agencies.
- Ensure funds are released according to the established timelines and policies.
- Ensure adherence to regulatory requirements (TRID, RESPA, etc.) and internal company policies.
- Monitor funding procedures to identify and mitigate risks.
- Conduct audits and maintain records of all funded loans for future reference.
- Collaborate with loan officers, underwriters, processors, title companies, and escrow officers to resolve issues that may arise during the funding process.
- Act as a point of contact for escalated matters related to loan funding.
- Identify inefficiencies in the funding process and implement strategies to improve workflow and accuracy.
- Work with senior management to adjust procedures or introduce new technologies that streamline the process.
- Track key performance indicators (KPIs) related to loan closing and funding, such as turnaround times and error rates.
- Provide reports to senior leadership, outlining team performance and areas for improvement.
Benefits
- Comprehensive Medical, Dental, and Vision
- Paid Time Off Programs including vacation, holidays, illness, and parental leave
- Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
- Retirement benefits, life insurance, 401k match, and tuition reimbursement
- Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Manager
Industry
Real Estate
Number of Employees
1,001-5,000 employees
