PENNYMAC
We are looking for an experienced Mortgage Operations Manager, Funding to lead our funding team and ensure the accuracy and speed of loan closings at PENNYMAC.
Key Responsibilities
Team Leadership:
Manage and mentor the funding team, overseeing daily operations.
Ensure that team members meet deadlines and maintain accuracy in their work.
Provide training and development opportunities for team growth.
Loan Closing Oversight:
Supervise the review of closing documents, including the Closing Disclosure (CD), promissory note, and deed of trust.
Verify the accuracy and completeness of documents before authorizing fund disbursement.
Disbursement of Funds:
Approve and coordinate the disbursement of loan funds to escrow companies or title agencies.
Ensure funds are released according to the established timelines and policies.
Compliance and Risk Management:
Ensure adherence to regulatory requirements (TRID, RESPA, etc.) and internal company policies.
Monitor funding procedures to identify and mitigate risks.
Conduct audits and maintain records of all funded loans for future reference.
Cross-Departmental Coordination:
Collaborate with loan officers, underwriters, processors, title companies, and escrow officers to resolve issues that may arise during the funding process.
Act as a point of contact for escalated matters related to loan funding.
Process Improvement:
Identify inefficiencies in the funding process and implement strategies to improve workflow and accuracy.
Work with senior management to adjust procedures or introduce new technologies that streamline the process.
Reporting and Metrics:
Track key performance indicators (KPIs) related to loan closing and funding, such as turnaround times and error rates.
Provide reports to senior leadership, outlining team performance and areas for improvement.
What You’ll Bring
Bachelor’s degree or equivalent work experience
3+ years of experience in the mortgage industry, with at least 2 years in a supervisory or management role
Knowledge and deep understanding of loan closing, funding processes, and relevant regulations (TRID, RESPA, FHA, VA, and conventional loans)
Familiarity with loan origination systems (LOS), closing software, and banking systems used for fund disbursement; experience in Encompass is a plus
Advanced knowledge of Microsoft Office (Excel, Access, Word and PowerPoint)
Work model: Onsite
Why You Should Join As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Our team of 4,000 is guided by our core values of accountability, reliability and ethics. Pennymac is dedicated to sustainable growth, equity and inclusion, ensuring all employees and customers feel valued, respected and supported.
Benefits
Comprehensive Medical, Dental, and Vision coverage
Paid Time Off Programs including vacation, holidays, illness, and parental leave
Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe‑style dining (select locations)
Retirement benefits, life insurance, 401(k) match, and tuition reimbursement
Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
Compensation $65,000 - $100,000 per year, plus performance‑based bonuses and/or stock‑based incentives as approved. Salary ranges are based on role specifics, geographic location, and experience level.
Work Model OFFICE (Onsite)
Seniority level Not Applicable
Employment type Full‑time
Job function Management and Manufacturing
Location Tampa, FL
#J-18808-Ljbffr
Key Responsibilities
Team Leadership:
Manage and mentor the funding team, overseeing daily operations.
Ensure that team members meet deadlines and maintain accuracy in their work.
Provide training and development opportunities for team growth.
Loan Closing Oversight:
Supervise the review of closing documents, including the Closing Disclosure (CD), promissory note, and deed of trust.
Verify the accuracy and completeness of documents before authorizing fund disbursement.
Disbursement of Funds:
Approve and coordinate the disbursement of loan funds to escrow companies or title agencies.
Ensure funds are released according to the established timelines and policies.
Compliance and Risk Management:
Ensure adherence to regulatory requirements (TRID, RESPA, etc.) and internal company policies.
Monitor funding procedures to identify and mitigate risks.
Conduct audits and maintain records of all funded loans for future reference.
Cross-Departmental Coordination:
Collaborate with loan officers, underwriters, processors, title companies, and escrow officers to resolve issues that may arise during the funding process.
Act as a point of contact for escalated matters related to loan funding.
Process Improvement:
Identify inefficiencies in the funding process and implement strategies to improve workflow and accuracy.
Work with senior management to adjust procedures or introduce new technologies that streamline the process.
Reporting and Metrics:
Track key performance indicators (KPIs) related to loan closing and funding, such as turnaround times and error rates.
Provide reports to senior leadership, outlining team performance and areas for improvement.
What You’ll Bring
Bachelor’s degree or equivalent work experience
3+ years of experience in the mortgage industry, with at least 2 years in a supervisory or management role
Knowledge and deep understanding of loan closing, funding processes, and relevant regulations (TRID, RESPA, FHA, VA, and conventional loans)
Familiarity with loan origination systems (LOS), closing software, and banking systems used for fund disbursement; experience in Encompass is a plus
Advanced knowledge of Microsoft Office (Excel, Access, Word and PowerPoint)
Work model: Onsite
Why You Should Join As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Our team of 4,000 is guided by our core values of accountability, reliability and ethics. Pennymac is dedicated to sustainable growth, equity and inclusion, ensuring all employees and customers feel valued, respected and supported.
Benefits
Comprehensive Medical, Dental, and Vision coverage
Paid Time Off Programs including vacation, holidays, illness, and parental leave
Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe‑style dining (select locations)
Retirement benefits, life insurance, 401(k) match, and tuition reimbursement
Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
Compensation $65,000 - $100,000 per year, plus performance‑based bonuses and/or stock‑based incentives as approved. Salary ranges are based on role specifics, geographic location, and experience level.
Work Model OFFICE (Onsite)
Seniority level Not Applicable
Employment type Full‑time
Job function Management and Manufacturing
Location Tampa, FL
#J-18808-Ljbffr