SVP, Mortgage Funding Operations
Posted 1ds ago
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Job Description
Head of Mortgage Funding Operations at Cornerstone Capital Bank overseeing retail operations and funding for joint venture builder partners. Requires extensive experience in mortgage lending and financial performance management.
Responsibilities:
- Oversee critical initiative to leverage the company’s capabilities as a bank to fund Cornerstone’s mortgage banking retail operations
- Establish mortgage funding lines for joint venture builder partners
- Monitor daily borrowings, advance rates, curtailment schedules, and collateral eligibility
- Review wires, closing docs, and authorize the release of funds to title/settlement agents
- Coordinate with Capital Markets on the gestation and sale of loans to secondary market investors or GSEs
- Evaluate a Warehouse Management System that integrates with Phoenix Core, LV365, and Data Warehouse
- Develop and execute a phased rollout plan for CCB mortgage funding, including staffing, gating criteria, and pilot testing
Requirements:
- Bachelor’s degree in Finance, Accounting, Business, or related field
- 10–15+ years of experience in warehouse lending, correspondent lending, mortgage banking, or specialty finance
- Proven leadership experience managing operations and financial performance
- Strong knowledge of warehouse lending structures, collateral management, treasury, and regulatory requirements
- Experience with warehouse lending platforms such as OptiFunder Greyhound, ProMerit/WLS, or similar systems
- Excellent leadership, communication, and analytical skills
- Warehouse lending platforms and core systems that track line availability, collateral pooling, and document custody (e.g., ProMerit, Greyhound by OptiFunder)
- Loan Origination Systems (LOS): Processing and underwriting systems where the loan originates (e.g., Empower, Loan Vision, Black Knight)
- Document Management & Custody: Systems used to track and ship physical or eNotes (e.g., MERS integrations, DocMagic, eSignSystems)
Benefits:
- Medical
- Dental
- Vision
- Accidental Death
- Long-Term Disability
- Short-Term Disability
- FSA
- HSA
- 401K
- Basic Life
- Voluntary Life
- Paid Parental Leave



















