Funding Supervisor

Funding Supervisor Pasadena Wholesale Operations Center

IndyMac Bancorp, Inc. (NYSE: NDE) (Indymac) is the holding company for IndyMac Bank, F.S.B. (Indymac Bank), the largest savings and loan in Los Angeles and the 7th largest mortgage originator in the nation. Indymac Bank, operating as a hybrid thrift/mortgage banker, provides cost-efficient financing for the acquisition, development, and improvement of single-family homes. Indymac also provides financing secured by single-family homes and other banking products to facilitate consumers personal financial goals.

With an increased focus on building customer relationships and a valuable consumer franchise, Indymac is committed to becoming a top six mortgage lender in the U.S. by 2010, while maintaining annualized earnings per share growth in excess of 15 percent. The company is dedicated to constantly raising expectations and conducting itself with the highest level of ethics.

Our Pasadena Wholesale Operations center has an outstanding opportunity for a Funding Supervisor. This position assists our Funding Manager in managing and coordinating activities of personnel involved in document drawing and funding of wholesale prime and non-prime loans within our mortgage lending operations center of Indymacs Mortgage Banking Group, Mortgage Professionals, responsible for fundings over $300 million per month.

The selected candidate will assist in managing daily funding activities of about 6-10 Funders and Senior Funders to ensure customer funding commitments and needs are met. The position also assists in the management of loans over permissible, wet loans/ineligible collateral, and the collection of negative proceeds; and develops and maintains policies and procedures for the funding department.

The Funding Supervisor helps to provide input to the development of Internet product strategy and research and development of new and emerging products. He/she also performs administrative activities associated with the effective management of funding operations, including compiling, storing, and retrieving production data for reports. And, assists in determining responsibilities of assigned organization and staff positions to accomplish business objectives. This position trains and ensures all assigned employees are aware of and comply with company/department policies and procedures and may conduct periodic staff meetings with the funding department. Also the position performs other functions or duties, as assigned by the Regional Operations Manager or another senior executive.


Requirements:

Qualified individuals will have over 5 to 7 years experience in funding, post-closing or related mortgage banking operations or equivalent combination of education and experience. For this supervisory role, we prefer candidates with experience in progressively responsible management, lead or supervisory roles within an operation that has produced at least $60MM/month in loan volume. We also require a Associates degree from two-year college or technical school or work equivalent plus the ability to read, analyze, and interpret general business periodicals, technical procedures, underwriting guidelines, and governmental regulations.

The top candidate must also have:

Knowledge of software packages including but not limited to Word Processing, Spreadsheets, E-mail, Internet and Database.
Knowledge of Mortgage Banking preferred.
Ability to communicate clearly verbally and in writing.
Ability to solve problems and resolve conflicts.
Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures or governmental regulations.
Ability to write reports, business correspondence and procedure manuals.

This position will assist in managing 10+ funders and post closing associates and will share management responsibility for the overall direction, coordination, and evaluation of these operations units. Position also carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Join a growing organization! Indymac provides an array of outstanding benefits that begin the first of the month following 30 days of employment! Prefer local candidates. Please apply on line! Or, if interested and qualified contact Dale Gorman at 626-535-8972.