Job Description

Description

Position at loanDepot

Position Summary:

Responsible for performing multiple functions including (but not limited to) warehouse batching, daily cash and funding reconciliations, setting up and sending out wires and book transfers, cash forecasting, dry sweeps, ad-hoc reporting and analytics, closing agent vetting and other support-related functions as needed. Ensures that the performance of all duties are in accordance with the company’s policies and procedures, as well as all U.S. state and federal laws and regulations, where the company does business.

Responsibilities:

• Manages daily cash activity between multiple warehouse banks, ensuring proper allocation of funded loans based on best execution and guaranteeing cost efficiency by tracking advance rates, interest credits, usage, etc.
• Interacts with multiple department heads to strategically and professionally create business relationships while serving the needs of all business units.
• Extracts, analyzes, and presents data in a concise and usable format; quickly recognizing inconsistencies and errors and fixing them to ensure timely loan funding.
• Manages warehouse/gestation facilities and related cash reporting; improving and updating cash position forecasts; produces financial models that assist with accurately projecting funding and cash movements.
• Interacts with other departments in problem solving and ongoing management of Treasury.
• Creates new models/reports from scratch using data from disparate systems.
• Works under strict time constraints with varying levels of pressure dependent upon the time of the month.
• Performs other duties and projects as assigned.

Requirements

• Bachelor’s Degree in Accounting, Finance, or Economics is preferred
• A minimum of two (2) years equivalent work experience in the financial services or Mortgage Industry will be accepted in lieu of a Bachelor’s Degree
• Excellent understanding of Excel raw data files in csv or Excel format is a must
• Experience with mortgage related accounting such as fair value, MSR, ECR, GOS, curtailments, haircuts, locks, etc. are a plus – as well as cash and liquidity analysis/management.

Why work for #teamloanDepot:

• Aggressive compensation package based on experience and skill set.
• Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
• Work with other passionate, purposeful, and customer-centric people.
• Extensive internal growth and professional development opportunities including tuition reimbursement.
• Comprehensive benefits package including Medical/Dental/Vision.
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.

About loanDepot:

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.

Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $24.04 and $36.30. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location. 

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. 

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