Funder

Key Responsibilities

• Receipt and Posting of Funds: Post received funds accurately to the appropriate closing files, including Earnest Money Deposit (EMD) checks/wires, incoming lender wires, buyer wires, and cash to close. Ensure the timely and accurate recording of all financial transactions related to real estate closings.
• Document Management: Save wire confirmations and deposit confirmations systematically in the corresponding closing files. Maintain organized and complete documentation related to financial transactions for audit purposes.
• Balance Confirmation: Confirm that the closing file is in balance, and expected funds are receipted according to the transaction details. Identify and resolve any discrepancies in the fund balances promptly.
• Outgoing Wires and Ledger Transfers: Set up outgoing wires and ledger transfers accurately based on the transaction requirements. Release outgoing wires and ledger transfers in compliance with security protocols.
• Communication and Notification: Notify the closing team promptly when earnest money is received, ensuring timely file opening procedures. Communicate effectively with internal and external stakeholders regarding fund-related updates and requirements.
• Payoff Verification: Verify payoff wires and ensure accurate and timely processing of payoffs. Collaborate with relevant parties to resolve any issues related to payoff verification.
• Stop Payments: Input stop payments in the bank and Qualia as needed, ensuring proper documentation and compliance with procedures.
• Monitor and manage the banking beneficiary list effectively.

Qualifications

• Education: High school diploma or equivalent required.
• Experience: Entry-level but experience in real estate closings or a similar role is favored. Familiarity with real estate transactions, banking procedures, and financial documentation is a plus.
• Technical Skills: Proficient in using financial software and tools. Knowledge of banking systems and wire transfer processes. Experience with real estate closing software, such as Qualia.