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Correspondent Funder Jobs (NOW HIRING)

Description Responsible for the day-to-day operations within that office which includes wiring and processing domestic incoming and outgoing customer funds, correspondent bank customer funds, fed ...

Description Responsible for the day-to-day operations within that office which includes wiring and processing domestic incoming and outgoing customer funds, correspondent bank customer funds, fed ...

Wire Clerk

Lubbock, TX · On-site

$14.25 - $18.25/hr

Responsible for the day-to-day operations within that office which includes wiring and processing domestic incoming and outgoing customer funds, correspondent bank customer funds, fed funds, bank ...

Wire Transfer Specialist

Winona, MN · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Will maintain required balances with correspondent banks and the Federal Reserve Bank, as well as the purchase and sale of Fed Funds. The individual in this role will process ACH files and service ...

Post Closer

Strongsville, OH

$12.75 - $17/hr

The Post Closer works closely with Closing, Funding, Underwriting, and Correspondent Lending teams to resolve deficiencies and facilitate timely loan purchase and sale. At UHM, we understand ...

Post Closer

$14 - $19/hr

The Post Closer works closely with Closing, Funding, Underwriting, and Correspondent Lending teams to resolve deficiencies and facilitate timely loan purchase and sale. At UHM, we understand ...

Post Closer

Strongsville, OH

$12.75 - $17/hr

The Post Closer works closely with Closing, Funding, Underwriting, and Correspondent Lending teams to resolve deficiencies and facilitate timely loan purchase and sale. At UHM, we understand ...

Post Closer

Strongsville, OH · On-site +1

$12.75 - $17/hr

The Post Closer works closely with Closing, Funding, Underwriting, and Correspondent Lending teams to resolve deficiencies and facilitate timely loan purchase and sale. At UHM, we understand ...

Post Closer

Strongsville, OH · On-site

$12.75 - $17/hr

The Post Closer works closely with Closing, Funding, Underwriting, and Correspondent Lending teams to resolve deficiencies and facilitate timely loan purchase and sale. At UHM, we understand ...

Encompass Senior Program Manager - Remote

$118K - $119K/yr

Map current/future-state workflows for Delegated Correspondent (loan delivery, purchase review, funding). * Define portal roles, access, SLAs, statuses, and conditions aligned to investor policies.

This role oversees the daily delivery of correspondent banking services, such as proprietary ... Manage Federal Reserve (Fed Funds) related operational functions and issue resolution. * Ensure ...

Showing results 21-40

Correspondent Funder information

See salary details

$5

$19

$24

How much do correspondent funder jobs pay per hour?

As of Aug 18, 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 is a correspondent funder?

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 key skills and qualifications needed to thrive as a correspondent funder?

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 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 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:

Infographic showing various Correspondent Funder job openings in the United States as of August 2026, with employment types broken down into 82% Full Time, 14% Part Time, 1% Temporary, 1% Contract, and 2% Summer. Highlights an 89% Physical, 5% Hybrid, and 6% Remote job distribution, with an average salary of $40,307 per year, or $19.4 per hour.

Other

Posted 12 days ago


Job description

Description Responsible for the day-to-day operations within that office which includes wiring and processing domestic incoming and outgoing customer funds, correspondent bank customer funds, fed funds, bank investments and international wires. They are required to meet deadlines for the investment of fed funds for each business day and accurately calculate and maintain the necessary cash needed for the bank's operations which may include the investment or borrowing of fed funds from other institutions.
Essential Duties

1. Full knowledge of Fedline Advantage/Direct Line Wires in Jack Henry Silverlake.

2. Process Outgoing Wires over Direct Line Wires, Chase or Fedline Advantage.

3. Monitor Incoming Wires when using Direct Line Wires, Chase or Fedline Advantage, looking for unposted wires with Direct Line Wires.

4. Logging of Outgoing Wires and Daily Fedline balances

5. Calculation and Analysis of Daily Cash Requirement, Purchase Funds if needed.

6. Pull daily statements of Up Stream Correspondent Banks

7. Creation of GL Account Entries

8. Log Rates from Up Stream Correspondent Banks and complete daily Fed Funds Report.

9. Settlement of Fed Funds Which Includes Calculation for Daily and Overnight Investments

10. Balance Wire Clearing Account

11. Verifying All Wire Forms and Daily Log Packet to be sent to Scanning Department.

12. Analysis of Affected GL Accounts

13. Complete various spread sheets for tracking purposes

14. Represent the bank to the customer in a courteous and professional manner. Furnish prompt, efficient, and accurate service.

15. Give attention to detail and provide excellent communication skills.

16. Maintain work area in a clean, neat, and professional environment.

17. Participate in training sessions as required by supervisor.

Equal Opportunity Employer/Veterans/Disabled


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About City Bank

Sourced by ZipRecruiter

We come to work each day with a purpose that guides all our interactions. And, we truly value our three Fs - Faith, Family, Fun. Purpose: To use the power of relationships to help people succeed and live better Mission: We will build lasting relationships by delivering financial solutions with unrivaled customer service…one customer at a time. Vision: Our greatest achievement is when we help our stakeholders succeed – resulting in growth, profitability, and longevity for all.

Industry

Finance and insurance

Company size

501 - 1,000 Employees

Headquarters location

Lubbock, TX, US

Year founded

1941

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