Escrow Funding Coordinator

Company Description

Monteith Abstract & Title Company, Inc., established in 1876 by A.M. Monteith, has a long-standing reputation for excellence. Since 1951, it has been owned and operated by the Turner family, maintaining a tradition of providing reliable services. The company offers abstracting, closing, and title insurance services to buyers, sellers, realtors, mortgage lenders, and builders. Dedicated to serving the Central Texas area, Monteith Abstract & Title Company prides itself on its commitment to professionalism and client satisfaction.

Position Summary

The Level 1 Funder is responsible for ensuring that all financial aspects of the real estate transaction are handled accurately, efficiently, and in compliance with company policies and industry regulations. This role plays a critical part in the closing process by reviewing final closing documents, verifying lender instructions, disbursing funds, and balancing files.

Responsibilities

• Review lender funding instructions for accuracy and completeness.
• Verify wire instructions and communicate with lenders to confirm receipt and disbursement approval.
• Review and balance settlement statements (CD / ALTA / HUD-1) and reconcile disbursement ledgers.
• Ensure all conditions for funding are met prior to disbursement.
• Prepare wire transfers and checks for the disbursement of funds in accordance with escrow instructions and regulatory compliance.
• Coordinate with escrow officers, lenders, and internal accounting to ensure timely funding and disbursement.
• Maintain accurate and complete file documentation in accordance with company policy and regulatory standards.
• Respond to inquiries regarding wire confirmations and funding status.
• Perform post-closing audits related to funding and disbursements.
• Assist with daily funding logs, file tracking, and other administrative tasks as needed.
• Ability to fully disburse a funded file.
• Prepare lender post-closing packages.
• Adheres to company policies and guidelines
• Undertake various job-related tasks as assigned, demonstrating flexibility and willingness to support the team’s objectives .

Qualifications

EDUCATION

EXPERIENCE

SKILLS

Work Hours / Schedule