Funding Analyst

This is an exciting opportunity to join an industry leader in a growing market.  We offer a fast paced and fun environment where your input and experience are valued.

Company

Verus Mortgage Capital is an independent national mortgage investor. Verus offers it’s Sellers responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.

Role

Verus Mortgage Capital is seeking a Funding Analyst to join our growing team.  The Funding Analyst will identify loans which are ready for settlement, preparing funding/purchasing schedules, and submitting funding/purchasing schedules to clients for approval and disbursement.  This role also participates in internal data reporting, system maintenance, problem resolution, training, and other tasks as needed.  The ideal candidate will have strong analytical skills and experience with mortgage originations and secondary mortgage market purchase transactions.  Candidates must possess the interpersonal skills to facilitate a cohesive work relationship with both internal and external partners at various levels.

Accountabilities

  • Ensure that loan level pricing is properly verified at the time of funding/purchasing
  • Preparing loans for funding/purchase includes but is not limited to: Validation of loan level final prices using a combination of automation and manual checks; Validation of total wire amount, including a review of escrow balances, loan amortization & appropriate principal balance, confirmation of the calculations for interest and premium, servicing data, obtain approval/signatures on purchase advice documents and correct wiring instructions
  • Process seller requested post funding review and adjustments
  • Monitor shared e-mail inbox and telephone queues providing professional response(s) for incoming inquiries from both internal and external sources.
  • Complete additional projects and responsibilities as assigned

Required Skills / Abilities

  • A general understanding of mortgage banking, the origination process, secondary mortgage purchase process
  • Knowledge of securitization, servicing and mortgage accounting also a plus.
  • Working knowledge of Microsoft Office suite with demonstrated proficiency with Excel (i.e., macros, pivot tables, etc.)
  • The ability to thrive both independently and collaboratively within an entrepreneurial small team environment is required.
  • Knowledge of various Mortgage Origination systems is a plus

Required Attribute

  • Strong communication, and interpersonal skills coupled with the ability to identify and provide recommendations to conflicts and discrepancies.
  • Ability to independently complete multiple time-sensitive tasks with minimal supervision
  • Awareness of and ability to meet considerably tight deadlines
  • Ability to maintain focus and accuracy within considerable time constraints
  • Ability to communicate effectively while accomplishing complex time-sensitive tasks
  • Ability to work both independently and collaboratively within a small team environment
  • Desire and willingness to learn from others and to teach others
  • Demonstrated ability to take initiative beyond daily responsibilities and the capacity to identify potential improvements to processes and procedures.
  • Familiarity with internal reporting processes and the aptitude to interpret data
  • Familiarity with Loan Documents and a firm understanding of general loan data

Education and Experience

  • 4-year degree in Business, Finance, Accounting.
  • Minimum of 5 years’ experience in the origination processes with demonstrated experience in loan funding and purchasing.

 

All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.

Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.

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