22 days old

Sr. Funder, Warehouse Lending - Santa Ana

Banc of California
Santa Ana, CA
  • Job Code
    18000434

Since 1941, Banc of California (NYSE:BANC) has provided full-service banking and lending to individuals and their businesses, families and employees throughout California and across the West.

Today, with over $10 billion in consolidated assets, we are large enough to meet our clients banking needs, yet small enough to care and serve them well. Banc of Californias strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success.

JOB SUMMARY:

Responsible for the daily loan funding process which includes monitoring client warehouse balances, reviewing loan wire amount and pricing of loans to accommodate earliest possible release of wires. Ensures loan documents are accurate and are in accordance with specific requirements and programs. Responsible for validating all information on all forms are in accordance with Bank and lending regulations. Provides final validation and approval of loan documents and requests wires out to closing agents. Performs all duties in accordance with the companys policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

1. Review incoming warehouse loan data file, loan documents and wire instructions for accuracy. Verifies all underwriting and doc conditions have been satisfied.
2. Review pricing of loans and disbursement amount requested; make necessary corrections if needed to ensure minimal risk exposures for Sellers advances.
3. Review and validate due diligence certification, note custodian certification and servicing tape for bulk loan funding.
4. Prepare additional funding wires, margin withdrawal requests and input wires in WireXchange.
5. Perform loan settlement process as needed.
6. Train new staff on basic funding and shipping concepts.
7. Resolve funding and collateral shipping issues that arise in the course of the day. Assist with collateral shipping and confirming Deed of Trust/Mortgage recordation as needed.
8. Monitor the aging report and follow up with clients on the loan status. Prepare client loan curtailment schedule accordingly.
9. Train new mortgage bankers clients on the warehouse lending operational workflow and how to use the warehouse loan system
10. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
11. Follows policies and procedures; completes tasks correctly and on time; supports the companys goals and values.
12. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
13. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to ones own actions and conduct.
14. Performs other duties and projects as assigned.

Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation.



ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:


  • Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA),Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti- Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal)and Community Reinvestment Act (CRA).

  • Advanced knowledge of related state and federal banking compliance regulations, and other Bank lending policies.

  • Advanced knowledge of title policies and related loan regulations such as RESPA, HMDA and other Bank lending policies on loans to directors.
    • Effective organizational and time management skills.

    • Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.

    • Intermediate typing skills to meet production needs of the position.

    • Intermediate math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.

    • Exceptional oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees.

    • Ability to complete routine forms, use existing form letters, and/or conduct routine oral communication.

    • Ability to work with general supervision while performing duties.

EDUCATION, EXPERIENCE AND/OR LICENSES:


    • High School Diploma and a minimum of 6 years related work experience and/or training.Work related experience should consist of a credit or loan processing background.

    • Bachelors Degree preferred.






Posted: 2019-02-27 Expires: 2019-03-28
Sponsored by:
Farm Credit Services of America Logo
Sponsored by:
Bank of America Logo

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Sr. Funder, Warehouse Lending - Santa Ana

Banc of California
Santa Ana, CA

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