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Correspondent Funder Jobs (NOW HIRING)

Iowa Bankers

Correspondent Loan Funder

Johnston, IA · On-site

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

NQM Funding LLC

Purchase Funder

Boca Raton, FL · On-site

$45K - $50K/yr

Fund cleared correspondent loans ready for purchase. * Work collaboratively with internal ... NQM Funding, LLC management will maintain and observe personnel policies which will not ...

acralending

Funder

Scottsdale, AZ

Summary Assist in managing correspondent client ("Seller") relationships, analyze and compile data related to seller loan purchasing transactions with Acra Lending. The Funder will be responsible for ...

Acra Lending

Funder

Irving, TX · On-site

Summary Assist in managing correspondent client ("Seller") relationships, analyze and compile data related to seller loan purchasing transactions with Acra Lending. The Funder will be responsible for ...

acralending

Funder

Irving, TX

Summary Assist in managing correspondent client ("Seller") relationships, analyze and compile data related to seller loan purchasing transactions with Acra Lending. The Funder will be responsible for ...

Deephaven

OR

Job Overview The Correspondent Account Executive is responsible for developing and maintaining relationships with correspondent lending partners to drive the origination and funding of non-QM loans.

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Correspondent Funder information

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How much do correspondent funder jobs pay per hour?

As of Jul 5, 2026, the average hourly pay for correspondent funder in the United States is $19.38, according to ZipRecruiter salary data. Most workers in this role earn between $16.83 and $21.63 per hour, depending on experience, location, and employer.

What are Correspondent Funders?

Correspondent Funders are professionals in the mortgage industry who review, approve, and fund loans originated by correspondent lenders. They ensure all loan documents are accurate, verify compliance with investor and regulatory guidelines, and release funds to close the loan transaction. Their role is critical in facilitating the purchase or refinancing of homes, maintaining quality control, and minimizing risk for lenders and investors.

What are the common challenges faced by a Correspondent Funder when managing multiple loan closings simultaneously?

As a Correspondent Funder, one of the main challenges is balancing accuracy and efficiency when handling several loan files at once. The role requires meticulous attention to detail to ensure all documentation is compliant and funds are disbursed correctly within tight deadlines. Coordinating with loan officers, title companies, and other internal teams can add complexity, especially when unexpected issues arise at the last minute. Staying organized and proactively communicating with all parties is essential to successfully manage these challenges and ensure smooth closings.

What are the key skills and qualifications needed to thrive as a Correspondent Funder, and why are they important?

To thrive as a Correspondent Funder, you need in-depth knowledge of mortgage lending, loan documentation, and compliance regulations, typically supported by a background in finance or banking. Familiarity with loan origination systems (LOS), automated underwriting systems like DU/LP, and quality control tools is essential. Strong attention to detail, analytical thinking, and effective communication help ensure accuracy and collaboration across teams. These skills and qualifications are vital for minimizing risk, ensuring regulatory compliance, and facilitating smooth loan purchase transactions.

What is the difference between Correspondent Funder vs Loan Officer?

AspectCorrespondent FunderLoan Officer
CredentialsTypically requires financial or banking certifications, knowledge of lending productsRequires mortgage or loan origination licenses, sales skills
Work EnvironmentWorks with lenders, investors, and borrowers to fund loansWorks directly with clients to originate and approve loans
Industry UsageCommon in mortgage and commercial lending sectorsPrevalent in banking, mortgage, and consumer lending

While both roles involve lending, a Correspondent Funder primarily sources and funds loans through third-party lenders or investors, focusing on loan funding processes. A Loan Officer interacts directly with borrowers to evaluate and approve loan applications. Understanding these differences helps clarify career paths and employer expectations in the lending industry.

More about Correspondent Funder jobs
What are the most commonly searched types of Correspondent Funder jobs? The most popular types of Correspondent Funder jobs are:
What job categories do people searching Correspondent Funder jobs look for? The top searched job categories for Correspondent Funder jobs are:
Correspondent Funder jobs near you
Infographic showing various Correspondent Funder job openings in the United States as of June 2026, with employment types broken down into 97% Full Time, 1% Part Time, 1% Temporary, and 1% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $40,307 per year, or $19.4 per hour.
Correspondent Loan Funder

Correspondent Loan Funder

Iowa Bankers Mortgage Corporation

Johnston, IA • On-site

Other

Posted 3 days ago

Job description

Description:

Role Definition: Indexes and audits correspondent closed loan files, communicates pre-purchase conditions to bank contacts, and approve loans for purchase in a timely manner to meet investor delivery commitments. 

I. Conduct pre-purchase audit of loan files submitted by Alliance and Traditional Correspondent Banks for purchase to ensure completeness, accuracy, and adherence to IBMC and investor guidelines. Identify deficiencies that may prevent loans from aligning with investor or internal guidelines. Escalate issues as necessary.

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

III. Provide proactive communication to banks regarding active pipeline and purchase conditions. Respond to inquiries as necessary to resolve issues and provide superior service to correspondent partners.

IV. Review and clear purchase conditions for purchase approval. Update loan transaction details with complete purchase information and reconcile final purchase transaction. Process and distribute Purchase Advice to bank contacts.

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

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


Requirements:

A. Required Education: High school diploma or general education degree (GED)

B. Required Work Experience: One to two years of related experience and/or training within the mortgage industry; or equivalent combination of education and experience.  

C. Technology Skills: Encompass Loan Origination System

D. Required Skills or traits for the position: Experience processing or analyzing residential mortgage loans.



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