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Loan Funder Jobs (NOW HIRING)

East West Bank

Sr. Mortgage Loan Funder

Manhattan, NY · On-site

$34/hr

Overview Sr. Mortgage Loan Funder plays a critical role in supporting Mortgage Loan Originators (MLOs), particularly those in Private Banking MLO roles, by identifying solutions to complex loan ...

East West Bank

Sr. Mortgage Loan Funder

Manhattan, NY · On-site

$34 - $44/hr

East West Bank gives people the confidence to reach further. Sr. Mortgage Loan Funder plays a critical role in supporting Mortgage Loan Originators (MLOs), particularly those in Private Banking MLO ...

Frost Bank

Mortgage Funder

San Antonio, TX

Audit mortgage loan documents to ensure funding conditions have been satisfied in accordance with company guidelines * Review final signed closing package for accuracy prior to wire request and ...

Frost Bank

Mortgage Funder

San Antonio, TX · On-site

Audit mortgage loan documents to ensure funding conditions have been satisfied in accordance with company guidelines * Review final signed closing package for accuracy prior to wire request and ...

Orion Lending

Be Seen First

Mortgage Funder (remote)

Orange, CA · Remote

$31.25/hr

Position Summary The funder's primary responsibility is to perform all the tasks relating to loan closings after receiving approval to close from Underwriting, including the preparation and release ...

Paramount Residential Mortgage Group

Funder

Corona, CA · On-site

$27/hr

Compiles loan documentation and ensures that all conditions and requirements for closing are met ... Maintains document mailing/conversation log, and funding registers. Ensures warehouse files arrive ...

Paramount Residential Mortgage Group

Funder

Corona, CA · On-site

$27/hr

Compiles loan documentation and ensures that all conditions and requirements for closing are met ... Maintains document mailing/conversation log, and funding registers. Ensures warehouse files arrive ...

Paramount Residential Mortgage Group

Funder

Corona, CA

$27/hr

Compiles loan documentation and ensures that all conditions and requirements for closing are met ... Maintains document mailing/conversation log, and funding registers. Ensures warehouse files arrive ...

Paramount Residential Mortgage Group

Funder

Corona, CA

$27/hr

Compiles loan documentation and ensures that all conditions and requirements for closing are met ... Maintains document mailing/conversation log, and funding registers. Ensures warehouse files arrive ...

TEKsystems

Mortgage Funder - Pensacola, FL

Pensacola, FL · Hybrid

$17.60/hr

Review loan documentation to ensure accuracy, completeness, and compliance. * Accurately disburse funds according to lender instructions and closing statements. * Resolve documentation discrepancies ...

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Loan Funder information

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How much do loan funder jobs pay per hour?

As of Aug 26, 2026, the average hourly pay for loan funder in the United States is $22.93, according to ZipRecruiter salary data. Most workers in this role earn between $21.63 and $23.80 per hour, depending on experience, location, and employer.

What is a loan funder?

Loan Funders are financial professionals responsible for reviewing, verifying, and disbursing funds for approved loans. They ensure that all required documentation is complete and accurate before releasing loan proceeds to borrowers or third parties. Their role is critical in the final stage of the loan process, as they verify compliance with lending guidelines and regulations to minimize risk for the lender.

What does a loan funder do?

A loan funder works for a mortgage firm or consumer loan company to determine the amount of money closing agents may offer to clients. As a loan funder, your duties include analyzing financial risk, creating internal documents and reports on the loan process, and determining best practices for the department. You may also answer client questions and calls, coordinate with banks and credit companies, and oversee the processing of loan documents. To pursue a career as a loan funder, you typically need relevant work experience, like training at a bank or brokerage firm, and eligibility to obtain national licensing and registration requirements. Although there are minimal educational requirements for the job, an associate or bachelor’s degree in accounting, finance, or business administration may offer a competitive edge. Additional qualifications include excellent math, communication, and critical thinking skills.

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

To thrive as a Loan Funder, you need a strong understanding of loan processing, financial documentation, and regulatory compliance, often supported by experience in banking or mortgage lending. Familiarity with loan origination systems (LOS), credit analysis tools, and industry certifications like NMLS are commonly required. Attention to detail, strong organizational skills, and effective communication help Loan Funders excel in fast-paced environments. These skills and qualifications are crucial for ensuring accurate, timely funding and maintaining regulatory standards in financial transactions.

What are some common challenges faced by loan funders during the loan closing process?

Loan Funders often encounter challenges such as tight deadlines, last-minute document changes, and ensuring all compliance requirements are met before disbursing funds. Accurate attention to detail is crucial, as even small errors can delay closings or result in compliance issues. Clear communication with loan officers, underwriters, title companies, and borrowers is essential to resolve discrepancies quickly and maintain a smooth workflow. Developing strong organizational skills and maintaining up-to-date knowledge of regulations can help Loan Funders navigate these challenges effectively.

What is the difference between Loan Funder vs Loan Processor?

AspectLoan FunderLoan Processor
CredentialsMay require basic financial knowledge, sometimes certifications in lendingOften requires detailed financial analysis skills, certifications like MLO or loan processing courses
Work EnvironmentTypically works in lending companies, banks, or mortgage firms, focusing on funding loansWorks in similar environments, handling loan documentation and verification
Employer & Industry UsageUsed in mortgage, auto, personal loan industriesCommon in mortgage and banking sectors
Search & Comparison IntentPeople compare roles related to funding loansPeople compare roles involved in processing loan applications

The main difference is that a Loan Funder focuses on providing the funds for approved loans, while a Loan Processor handles the paperwork and verification process before approval. Both roles are essential in the lending process but serve different functions within the loan lifecycle.

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Loan Funder jobs near you
Infographic showing various Loan Funder job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 12% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $47,702 per year, or $22.9 per hour.

Home Equity Loan Funder

Alexandria, VA • On-site

Signature Federal Credit Union
Finance and Insurance • 11 - 50 employees
Learn more about Signature Federal Credit Unionexternal

$25.90 - $38.86/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 11 days ago

Job description

Role:

This position is responsible for processing, preparing loan packages and funding loans in a timely and accurate manner to ensure a high level of member satisfaction and meeting the goals of the Credit Union.


Essential Functions & Responsibilities:

  • Accurately process loan packages ensuring accuracy of credit union policies and procedures. Ordering tax transcripts. Ensures loan packages meet compliance guidelines fixing discrepancies as necessary.
  • Answer member inquiries regarding loan funding, and participate in management of overflow call resolution.
  • Performs other related duties as assigned.


Performance Measurements:

  1. To ensure loan closing requests are processed in a timely manner.
  2. To ensure proper documentation, system notation and CU loan set up procedures are followed for each loan funded.
  3. To balance loan file and work closely with underwriter to determine accurate funding amount.
  4. To provide friendly, prompt, professional, and accurate service and support to all members and coworkers including, answering question and/or processing loan request.
  5. To enhance the member's financial status by offering Credit Union's products/services that will serve the member.
  6. To ensure that all operations for assigned products are in compliance with governing regulation.
  7. To recommend new products and/or serves that will increase income, reduce expenses and/or enhance procedures.
  8. To make sure other job related duties are completed in a timely manner.
  9. To maintain a dependable record of attendance and timeliness.
  10. To successfully pass and complete bank training courses including BAI Courses to comply with the Bank Secrecy Act (BSA)
  11. To comply with Credit Union's security policy and other policies and procedures if applicable.


Knowledge and Skills:

Experience: Three years to five years of similar or related experience.


Education: A high school education or GED.


Interpersonal Skills: Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.


Other Skills:

  • Must have good communication skills and be detail oriented.
  • Must have an understanding of home equity loans and finance.
  • Must understand basic financial calculations.
  • Proficiency in MS Word, Excel, and Outlook.
  • Must be able to operate general office equipment including 10-key calculator, copier, fax, and computer.
  • Applicants must be eligible for bonding, which requires maintaining a credit history that meets fidelity bond standards.


Physical Requirements:

This position mostly operates from a desk. Physical activity is generally limited to lifting

small boxes or items less than 20 lbs. Must be able to sit for extended periods of time.


Work Environment: Typical office environment.


Disclaimer:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential

functions in accordance with the American with Disabilities Act.


This Job Description is not a complete statement of all duties and responsibilities comprising the position.

Company Description

Signature Federal Credit Union has proudly served members since 1970, supporting associations, businesses, alumni groups, and charitable organizations with trusted financial solutions. We provide comprehensive products and personalized resources designed to meet both everyday needs and life’s once-in-a-lifetime moments. As a full-service credit union, we are committed to helping our members build stronger businesses, families, and futures.