Funder, Correspondent Lending Sales in Bengaluru at Ocwen Financial Corporation

Date Posted: 1/16/2020

Job Snapshot

Job Description



The Funder is responsible for quality correspondent loan purchases and purchase advices while meeting all daily volume requirements. The Funder ensures all required items for the loan file are obtained and applicable fees are collected at the time of purchase. The Funder will work with Correspondents, Account Executives, Treasury, Accounting and internal Correspondent Lending team members. Funders are expected to maintain the upmost professionalism and remain goal-oriented throughout the process.

Job Functions:

The following reflects management’s definition of essential functions for this job but does not restrict the tasks that may be assigned. Management may assign or reassign duties and responsibilities to this job at any time due to reasonable accommodation or other reasons. This position encompasses review of wiring instructions documentation, fees, purchase advice preparation and purchase.
•Gather all required documents and conditions required to purchase the loan
•Audit applicable documents, wiring instructions and fees.
•Maintain updated status of loans and enter all required data
•Review LOS information for accuracy and to identify potential data or fee errors
•Work with team lead and/or team members on miscellaneous department projects as needed
•Cross-train in all positions for coverage purposes
•Determine any additional purchase conditions are required
•Prepare and deliver purchase advice
•Correct purchase advise and wire (if needed)
•Adhere to PHH Correspondent Lending policies and procedures
•Reliable and regular attendance and punctuality is expected 



• Minimum of two years’ experience as a funder or comparable position.
• Mathematically competent
• Correspondent Lending experience a plus
• High school diploma required
• Ability to prepare routine administrative paperwork
• Organizing and coordinating skills
• Ability to develop and maintain files and records
• Skill in the use of personal computers and related software applications, specifically Internet Explorer, Microsoft Outlook, and Microsoft Word
• Knowledge of customer service standards and procedures
• Excellent customer service skills
• Individual must be extremely detailed oriented
• Ability to meet deadlines
• Must at all times demonstrate cooperative behavior with colleagues and Supervisors

Ocwen is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity & Inclusion ensures that we are an organization that creates, promotes and sustains an inclusive work environment in which diversity, inclusiveness and respect are integral parts of our culture and work environment. Building the reputation as an outstanding place to work, a great business partner and a valued community member is our everyday endeavor.

Ocwen’s mission is to delight our customers through caring service and innovative lending solutions. We proudly serve over 1.3 million families with their mortgage needs by helping to find real solutions that benefit our customers and help to build stronger communities. Helping Homeowners is What We Do!®

Consider an opportunity to join our global team and put “Caring in Action” while growing your career.

Ocwen is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Primary Location: IN-KA-Bangalore
Work Locations:
Bangalore Pritech 2 (PTECH-2)
Pritech SEZ Park, Block Number 12
5th Floor B Wing and 6th Floor A WingBellandur Village, Sarjapur Marathahalli Ring Road
Bangalore, 560103

Job: Sales and Business Development
Organization: India Business Unit
Schedule: Regular
Job Posting:


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