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Loan Funder Jobs (NOW HIRING)

Anchor Loan

Loan Funder

Thousand Oaks, CA · On-site

$26 - $31/hr

Why Anchor Loans? Anchor Loans is one of several operating companies owned by Pretium Partners ... Clear funding conditions with accuracy. * Ensuring that all files are complete and easy to navigate ...

Anchor Loan

Loan Funder

Thousand Oaks, CA · On-site +1

$26 - $31/hr

Why Anchor Loans? Anchor Loans is one of several operating companies owned by Pretium Partners ... Clear funding conditions with accuracy. * Ensuring that all files are complete and easy to navigate ...

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.

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 ...

Kings Mortgage Services

Mortgage Funder

Santa Ana, CA

$30 - $35/hr

Description The Funder is an intermediate level role within the Closing Department that is responsible for reviewing approved loan files, ensuring all closing conditions and funding requirements have ...

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How much do loan funder jobs pay per hour?

As of Jul 16, 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 are Loan Funders?

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.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. Their total compensation may also include a base salary, and they need strong sales and underwriting skills to succeed.

What jobs make $1,000,000 a year?

In the context of a loan funder or finance-related roles, very few jobs consistently earn $1,000,000 annually. Typically, high earnings at this level are found in top executive positions such as CEOs, hedge fund managers, private equity partners, or successful entrepreneurs, rather than standard job titles. These roles often require extensive experience, significant responsibility, and ownership stakes or performance-based bonuses.

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 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.

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 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 does a loan funder do?

A loan funder is responsible for providing funding to borrowers by evaluating loan applications, assessing creditworthiness, and determining loan terms. They often work with financial documents and use underwriting skills to ensure loans are profitable and manageable for borrowers. Loan funders may operate in banking, lending institutions, or private finance companies, typically requiring knowledge of financial regulations and risk assessment tools.

Will MLO be replaced by AI?

Loan officers, including mortgage loan originators (MLOs), are increasingly using AI tools to assist with tasks like credit analysis and document processing. However, the role still requires human judgment, relationship management, and compliance knowledge, making complete replacement unlikely in the near future.
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Loan Funder jobs near you
Infographic showing various Loan Funder job openings in the United States as of July 2026, with employment types broken down into 1% Locum Tenens, 77% Full Time, 9% Part Time, and 13% Nights. Highlights an 91% Physical, 4% Hybrid, and 5% Remote job distribution, with an average salary of $47,702 per year, or $22.9 per hour.

Loan Funder

Anchor Loan

Thousand Oaks, CA • On-site

$26 - $31/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 26 days ago

Job description

Why Anchor Loans?
Anchor Loans is one of several operating companies owned by Pretium Partners (+$60B AUM Financial Services Entity) and is working diligently to expand and grow its lending footprint.
Anchor Loans, established in 1998, is the nation's leading private, direct lender to experienced residential real estate investors and builders, and the first to surpass $10 billion in total fundings. Renowned for expediting financing for developers and investors, we specialize in bridge loans, ground-up construction, and single-family rental solutions for non-owner-occupied projects. Headquartered in beautiful Thousand Oaks, California, Anchor Loans currently lends in 48 states and is expanding into new markets and service lines to better serve our current and future borrowers.
Position Summary:
We are looking for a customer service-oriented professional who can effectively communicate with all related parties to successfully close the loan transaction. Able to work collaboratively with loan account coordinators, escrow agents, and title companies to ensure a timely and accurate loan closing process. Assures compliance with investor guidelines and customer service standards. Communicate with customers, internal staff, brokers, title companies, etc. to respond to inquiries, resolve problems, and obtain all necessary documentation required to fund the loan.
Essential Duties & Responsibilities:
  • Ensure an outstanding customer experience for all customers including, Borrowers, Third Parties, and Internal Staff. Review all preliminary title work and obtain clearances as necessary.
  • Review all Estimated HUDS thoroughly and with accuracy
  • Clear funding conditions with accuracy.
  • Ensuring that all files are complete and easy to navigate through and understand.
  • Responsibilities may include coordinating with Post Closing and Asset management for insurance and facility issues.
  • Performing related duties and special projects as assigned.
  • Resolving any problems and conditions on files.
  • Effectively communicates the status of documents and funding to all interested parties including Borrower, escrow, title, brokers, agents, etc.
  • Prepares accurate funding packages including closing statements, and funding figures, and reviews HUD1 for accuracy against disclosed fees
  • Requests wires and coordinates disbursements from title/escrow agents
  • Maintains updated target closing dates with accuracy
  • Ensures proper title insurance coverage
  • Review, approve, and order hazard insurance coverage

Job Requirements:
  • Experience: Minimum 2 years loan processing
  • Education: High School Diploma or GED equivalent, College Degree preferred.
  • Ability to maintain a high-volume workload in a fast-paced, deadline-driven environment
  • Strong customer service orientation, attention to detail, and excellent organizational skills
  • Clear and concise communicator with excellent follow-up skills
  • Advanced knowledge of loan processing and closing policies, procedures, documents, underwriting requirements, and approvals process.
  • Ability to perform clerical work requiring speed and accuracy.
  • Ability to manage multiple tasks and deadlines simultaneously
  • Must be comfortable on the phone and be a people person. Strong verbal and written communication skills
  • Ensure an outstanding customer experience for all customers including, Borrowers, Third Parties, and Internal Staff. Our goal is to establish strong relationships with our Customers and leave them with a sense of complete satisfaction in their decision to work with Anchor
  • General knowledge of all department positions: Funder, Underwriting, and Borrower Package Coordinator, Evaluation, Payments, Payoffs, Appraisals, Draws, Post Closing and Finance.

Work Environment:
This is a hybrid position which requires in-office reporting to Anchor's Thousand Oaks, CA office on Tuesday, Wednesday, and Thursday. Remote work is optional Monday and Friday.
Fully remote opportunities are also available.
*Must be able to start your day at 6:30am or 7am PST
Compensation:
The base pay range for this position is $26 - $31 an hour, plus annual discretionary bonus based on performance of the individual and company.
What We Offer:
The values of our employees reflect those of the company as a whole. If you embrace teamwork, innovation, and accountability you'll feel right at home. Our mission is to create opportunities for success by improving homes and communities. We set up our team members for success by offering a competitive benefits package that includes:
  • Comprehensive health insurance options including Medical, Dental, Vision, Basic Life/AD&D insurance
  • Generous sick leave & vacation benefits for rest, relaxation, and personal pursuits
  • Highly competitive performance bonus
  • 401(k) retirement program with employer match
  • Tuition reimbursement toward professional development
  • Workplace Celebrations, Team Building, Charity Drives, and Food Truck luncheons
  • Onsite gym (Thousand Oaks only)
  • 12 Paid Holidays

Diversity matters to our organization, and we are proud to be an equal opportunity employer. All qualified candidates are welcome and will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, natural origin, disability, age, veteran status, or any other protected characteristic.

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