Loan Booking & Funding Manager

The Loan Booking and Funding Manager leads a team of associates focused on booking and funding activities through the administration and coordination of consumer, mortgage, and marine loan servicing.

The Loan Booking and Funding Manager leads a team of associates focused on booking and funding activities through the administration and coordination of consumer, mortgage, and marine loan servicing.
The Loan Booking and Funding Manager possesses the skills to process all complex loan booking and funding requests, management of workflow, loan setup and testing of new or modified products and/or system enhancements. Key job aspects include providing guidance to other associates, documenting procedures, researching, and correcting issues.

• Leads the Loan Booking/Funding team in all processes related to Mortgage, Retail, Marine & Alternate Banking Booking & Funding. Uploading of loans using computer systems or hand booking as necessary. Balancing and processing monetary transactions as needed. Performing necessary tracking. Performing all follow up activities required. Working closely with branch personnel to ensure accurate and timely booking of new loans.
• Book participated and/or syndicated loans as well as specialty finance loans, including performing file maintenance for modifications, extensions, etc. Process draws and request funding from participating banks. Remit payments to participating bank(s).
• Provides assistance, guidance, and training for users of loan systems/operations and communicates system changes or problems to all areas of lending and customer service personnel affected. Reports perceived weaknesses and problems requiring attention to be addressed by management.
• Establishes systems, procedures and reports to control, balance, and monitor the accuracy of the loan system database and general ledger accounts.
• Answers external customer and in-house inquiries regarding all Booking/Funding department functions, particularly those that are unusual and complex in nature, keeping customer service a priority at all times. Researches problems, reverses payments as required; makes necessary corrections.
• Processes loan extensions and payment due date changes as needed. Calculates and processes re-amortization of loans upon lender or customer request.
• Processes investor reports and remits payments.
• Review and clear items noted on quality control reports distributed for loan tasks.
• Prepares written correspondence to customer inquiries when applicable.
• Ensures all bank control rate indexes related to loans are updated in a timely manner.
• Develops/maintains procedures for all primary duties to insure they are up to date and accurate.
• Assists with the preparation of department reports on specific facets of the department’s operations. Reviews reports provided to ensure department compliance including loan balancing and booking quality control.
• Adheres to the highest legal and ethical standards applicable to our industry, while observing both the spirit and letter of all government regulations and laws, and bank policies and procedures.
• Adherence to established policies and procedures;
  Create and amend assigned procedures immediately upon notification of change, addition or declination request.
• Maintains a high degree of cooperation and rapport with all employees in order to ensure accurate and efficient operations and service.
• Participate in internal and external quality control and audit assessments, providing prompt and accurate responses to inquiries made, as well as take immediate action to correct or resolve issues as they are known.
• Willingly performs other duties and projects as assigned.
• Ability to work independently and as a team,…