Closing Funder in New Haven, CT at Key Bank- Corporate

Date Posted: 9/10/2018

Job Snapshot

  • Employee Type:
  • Location:
    195 Church Street
    New Haven, CT
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description


The Mortgage Loan Funder reports to the Mortgage Loan Closing Manager and is responsible for reviewing and verifying that all required aspects of the loan process have been met prior to wiring funds. In addition, this candidate will be responsible for reviewing documents and for balancing loans against estimates and final HUD-1/Closing Disclosure. Primary responsibilities include preparing and coordinating all final loan documentation for loan closings such as auditing loan files and lock confirmations, reviewing loan documents for funding and regulatory compliance, preparing collateral packages for shipment to investors, reviewing funding conditions, initiating funding requests and communicating final funding figures to escrow.

  • Prepare all loan documents and escrow instructions on all loans as required.
  • Review the file for conditions and/or instructions from the Processor, review and accurately detail all loan charges and prepare any documents required by the loan for funding.
  • Verifiy pricing of loan – Rate, Points, Fees, APR state restrictions
  • Review returning closing docs from title company
  • Balance loans against estimate and final HUD-1/Closing Disclosure statements
  • Review title report for liens and judgments to be paid at closing
  • Verify and balance funding figures in order to wire final loan proceeds to Title.
  • Fund loans and wire monies according to company standards and within the timeframes as expected by our customers.
  • Ensure timely delivery of funded loan file for purchase
  • Clear outstanding conditions given by shipping, collateral or servicing department
  • Direct escrow officer’s on breaking down borrower’s closing costs and seller credits.
  • Review and sign off closing conditions including insurance information.


  • High school diploma or equivalent work experience required
  • Minimum of 2+ years residential mortgage loan or accounting experience
  • Demonstrated ability to perform financial diagnosis along with creative problem solving
  • Ability to work in paperless system environment
  • Excellent written and verbal communication skills
  • Ability to prioritize and meet deadlines
  • Attention to detail and strong organizational skills
  • Ability to handle multiple tasks under tight time constraints with high volumeAbility to understand HUD-1 settlement statements
  • Demonstrate the ability to work in a high stress environment
  • Must be proactive, work with a sense of urgency, thrives in a very fast paced environment
  • Proficient in Microsoft office as well as ability to learn and utilize other information systems

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

Key Community Bank serves individuals and small to midsized businesses from Maine to Alaska through our 15-state network of over 1,200 branches, 1,500 ATMs, telephone banking and robust online and mobile platforms. KeyBank’s Consumer/Business Banking segment provides consumers and small business owners with straightforward banking solutions and personal finance expertise that helps them make confident financial decisions today and plan for tomorrow. Key Private Bank offers wealth planning that follows a consistent, disciplined approach guided by objective advice based on each unique situation. KeyBank Commercial Bank offers midsize business financial services that drive growth and profitability and help business owners identify new opportunities with products and services including deposit, cash management, investment services, commercial lending, equipment leasing, and asset-based lending.


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 31563BR

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