SVP, Mortgage Funding Operations

Cornerstone Home Lending•,

2d•$200,000 - $250,000

About The Position

Cornerstone Capital Bank is a new bank, with over $330 million in capital and $2 billion in total assets and arises from the combination of mortgage industry giant Cornerstone Home Lending and community banking standout Roscoe State Bank. You’ll be on the front end of working for an innovative large community bank that is a leader in mortgage lending and community banking and growing in middle-market commercial and real estate lending. We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us. The Head of CCB Mortgage Funding Operations will oversee a critical initiative to leverage the company’s capabilities as a bank to fund Cornerstone’s mortgage banking retail operations, as well as establish mortgage funding lines for its joint venture builder partners. Building scalable systems and managing risks, this role requires hands-on mortgage funding and warehouse lending experience to seamlessly integrate short-term credit facilities, ensuring maximum liquidity and lowest funding costs. The ideal candidate combines deep mortgage funding expertise with strong leadership, financial acumen, and operational discipline. This person must be equally comfortable managing daily execution and contributing to strategic decisions that drive growth, profitability, and risk management. You will be responsible for management and oversight of the group’s P&L, the CCB mortgage funding operations, regulatory responsibility, and operational excellence. You'll be a senior manager and accountable for the business to the mortgage division, executive leadership, and our board of directors.

Requirements

A Bachelor’s degree in Finance, Accounting, Business, or related field.
10–15+ years of experience in warehouse lending, correspondent lending, mortgage banking, or specialty finance.
Proven leadership experience managing operations and financial performance.
Strong knowledge of warehouse lending structures, collateral management, treasury, and regulatory requirements.
Experience with warehouse lending platforms such as OptiFunder Greyhound, ProMerit/WLS, or similar systems.
Excellent leadership, communication, and analytical skills.
Warehouse lending platforms and core systems that track line availability, collateral pooling, and document custody (e.g., ProMerit, Greyhound by OptiFunder).
Loan Origination Systems (LOS): Processing and underwriting systems where the loan originates (e.g., Empower, Loan Vision, Black Knight).
Document Management & Custody: Systems used to track and ship physical or eNotes (e.g., MERS integrations, DocMagic, eSignSystems).

Responsibilities

Warehouse Line Management: Monitoring daily borrowings, advance rates, curtailment schedules, and collateral eligibility to maintain strict adherence to credit agreements.
Funding Operations: Reviewing wires, closing docs, and authorizing the release of funds to title/settlement agents.
Loan Delivery & Sale: Coordinating closely with Capital Markets on the gestation and sale of loans to secondary market investors or GSEs (Fannie Mae/Freddie Mac) to clear warehouse lines quickly.
System Optimization: Evaluate a Warehouse Management System that integrates with Phoenix Core, LV365, the new batch wire system, and the Data Warehouse. Develop and execute a phased rollout plan for CCB mortgage funding, including staffing, gating criteria, and pilot testing with select ABA partners and CHL.