Correspondent Loan Funder

Job in Johnston, Polk County, Iowa, 50131, USA

Listing for: Iowa Bankers Mortgage Corporation

Full Time position
Listed on 2026-07-11

Job specializations:

Finance & Banking
Mortgage Loan Originator / Advisor, Banking Operations, Loan Servicing, Loan Officer / Lending

Salary/Wage Range or Industry Benchmark: 42000 - 66000 USD Yearly USD 42000.00 66000.00 YEAR

Job Description

Indexes and audits correspondent closed loan files, communicates pre‑purchase conditions to bank contacts, and approves loans for purchase in a timely manner to meet investor delivery commitments.

Responsibilities

Conduct pre‑purchase audit of loan files submitted by Alliance and Traditional Correspondent Banks to ensure completeness and adherence to IBMC and investor guidelines.

Input and verify data in the Loan Origination System to ensure accurate data is delivered to investors.

Provide proactive communication to banks regarding active pipeline and purchase conditions, responding to inquiries to resolve issues and provide superior service to correspondent partners.

Review and clear purchase conditions for approval, update transaction details, reconcile final purchase transaction, and distribute Purchase Advice to bank contacts.

Manage daily pipelines, ensuring timely processing within IBMC expected service levels.

Complete document upload and accurate indexing within the Loan Origination System.

Requirements

High school diploma or GED.
One to two years of related experience and/or training within the mortgage industry, or an equivalent combination of education and experience.
Proficiency with the Encompass Loan Origination System.
Experience processing or analyzing residential mortgage loans.

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