Assoc Dir, Funding CL

Summary:

The Associate Director, Funding Correspondent Lending oversees the funding team to ensure adherence to internal policies and regulatory requirements for whole loans purchased and pooled by Freedom Mortgage. The Correspondent Channel funds significant production volumes of mortgage loans monthly, necessitating strong leadership, organizational, and employee development.  This position will establish and manage effective workflow processes to facilitate efficient work allocation, adhere to departmental procedures and training materials, and meet the production requirements of the channel. Additionally, the Associate Director will recruit team members, develop essential policies and procedures, implement internal controls, oversee capacity management, and continuously assess process efficiency to achieve channel objectives.

Essential Job Duties and Responsibilities:

• Ensures that the collateral is adequate and that all financial transactions associated with funding are correct.

• Responsible for reconciling all issues resulting from funding loans either through internal research or as requested by the Correspondent.

• Accountable for Co-Issue funding process and collaboration with deal coordinators and co-issue management team.

• Responsible for strategic planning and execution to enhance profitability, productivity, and efficiency.

• Interact regularly with operations to ensure capacity and time zone differences for on-shore and off-shore funding team to meet anticipated loan volume.

• Interact with Servicing to ensure accuracy of loan on boarding.  Serve as primary contact for servicing questions related to correspondent loans.

• Responsible to analyze tax penalty notifications from servicing and execute the recoup requests through contact with correspondent Regional Managers, Sales Associates and correspondent lenders.  Coordinate generation of billing invoices and confirm accuracy.

• Interact with Compliance and Legal regarding borrower complaints on correspondent loans.

• Monitors trends, recommends solutions, and provides consistent and timely feedback to Functional Leaders on strengths and areas of opportunity.

• Anticipates issues and/or problems that could impact the business for both Freedom and the client and provides valid solutions using a pro-active approach.

• Comply with all company policies and procedures.

• Maintain regular and punctual attendance.

Other Job Duties and Responsibilities:

Performs other related duties as assigned.

Supervisory Responsibilities:

This position has direct reports. Manages staff and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and/or Experience:

• Bachelor's degree (B.A.) from four-year College or University.

• 10+ years related experience and/or training; or equivalent combination of education and

Certificates, Licenses, Registrations:

None required

Work Complexity:

Problems and issues faced are moderately complex. Problems typically impact own department and maybe other departments. Problems are typically solved through drawing from prior experience and analysis of issues.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Equal Employment Opportunity:

The company is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information, or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act:

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities:

The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. The company may change the specific job duties with or without prior notice based on the needs of the organization.