Funding Manager oversees and regulates the funding of the bank. Monitors short and long term funding needs. Being a Funding Manager ensures compliance with Federal Reserve requirements. Keeps abreast of market conditions. Additionally, Funding Manager requires a bachelor's degree in area of specialty. Typically reports a head of a unit/department. The Funding Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Funding Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
Summit Funding Is Expanding Across the great state of Tennessee. We are looking for Producing Loan Officers and Sales Managers and their teams of Originators to join us.
Sole owner and CEO Todd Scrima founded Summit Funding in 1995. While growing his company into the top 35 national retail lender we are today he has remained a loan officer at heart. And while many mortgage companies are dropping their retail lines, merging, or just plain closing shop we are positioned to be in business long term, regardless of market conditions!
Headquartered in Sacramento, CA, we are adding teams all across the U.S. Do you have a Branch or Team in a market we aren’t currently in? Let us know, as we are looking to expand nationwide. We are a direct seller servicer with GNMA, FNMA, and FHLMC.
We Are Growth Minded:
As a Sales Manager with Summit Funding, you have decision-making responsibilities for your team and your business
We offer in-house coaching to help your teams grow
We Are Supportive:
We offer competitive pricing and a wide range of products including specialty products (prime, alternative, jumbo, non-QM, etc.)
Our Pod Structured Operations (Processing, Underwriting, Closing) ensure your loans are closed on time and smooth
Our dedicated marketing and technology teams ensure you have access to the cutting-edge tools to grow your business
We Offer Seamless Onboarding:
Our experienced Onboarding team will assist you every step of the way with making your transition to Summit as seamless as possible. We want you up and running as badly as you do
The Sales Manager is responsible for leading, motivating, and driving individual and team performance and the overall growth of their team.
Benefits and Perks:
Summit Funding's compensation structure provides you the opportunity to earn based on your performance.
Depending on experience and location Summit Funding Sales Managers may be classified as outside sales exempt employees and are paid 100% commissions on the loans originated and closed, or non-exempt employees and are paid minimum wage as a factor of commissions on the loans originated and closed. The commission rate ranges between 50 to 150 basis points per loan depending on position, experience, and location. Sales Managers will also receive overrides on the loans originated and closed by their team of Loan Officers.
Producing Loan Officers or Sales Managers and their Team of Loan Officers will be state-licensed with NMLS, currently originating, and have an established referral database for sourcing their own leads.
Must be closing a minimum of 2 loans per month/per originator (individually or as a team) with a focus on purchase loans.
All your information will be kept confidential according to EEO guidelines.