SVP, Mortgage Funding Operations

🔥 12 hours ago

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Cornerstone Capital Bank

WebsiteLinkedInAll Job Openings

51 - 200 employees

🏦 Banking

💸 Finance

Banking • Finance

Cornerstone Capital Bank is a community-focused national bank formed by the merger of Cornerstone Home Lending and Roscoe Bank that provides mortgage origination and servicing, personal and commercial banking, and institutional treasury and liquidity services. The bank emphasizes customer service, stability, and digital convenience, offering fee-free deposit accounts, national ATM access, wire and ACH transfers, and integrated mobile banking alongside personalized, one-on-one financial support. It serves consumers, businesses, and other financial institutions with a broad suite of banking and home-lending products.

📋 Description

• 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