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Salary: USD 90,000 - 100,000 / annual
Ascent Developer Solutions is a leading private lending platform serving real estate developers nationwide in acquisition, renovation, and construction of residential real estate. The Funding Associate executes daily loan fundings and construction draw releases for an institutionally backed private lender, managing the complete funding lifecycle across multiple asset classes and funding partners.
Key responsibilities include managing the daily funding queue and calendar, tracking readiness, submission deadlines, bank cutoffs, and approvals. You will coordinate across Treasury, Sales, Closing, Credit, Accounting, Servicing, and Construction teams, as well as external funding parties including institutional banks, warehouse lenders, and third-party custodians, to resolve conditions and meet deadlines.
The role requires executing direct, table, wet, and dry funding workflows; reviewing and submitting complete, accurate funding packages per each lending partner's requirements; and reconciling funding amounts across loan systems, requests, partner submissions, wire instructions, and reporting. You will identify and resolve missing information, calculation differences, duplicate requests, and unsupported changes before release.
Wire execution and controls are central to the role. You will set up and maintain wire templates with banking partners for recurring beneficiaries, prepare and initiate loan funding and construction draw wires through approved banking platforms, and validate beneficiaries, instructions, amounts, dates, and supporting documents. You will track approvals, releases, Fed references, receipt, rejected or returned wires, and cancellations, and immediately escalate suspected fraud, duplicate payments, beneficiary discrepancies, or unauthorized changes.
Construction draw management involves validating approved amounts against construction budgets, available holdbacks, prior disbursements, and loan limits. You will review approvals, inspections, invoices, lien waivers, and wire instructions for completeness, escalate missing documents or insufficient holdbacks, and track approved draws through release and final resolution.
A core responsibility is identifying repetitive and error-prone work and using AI, spreadsheet tools, workflow automation, and low-code platforms to improve funding intake, document checks, queue management, wire preparation, tracking, and reporting. You will build standardized templates, checklists, dashboards, and exception workflows, reduce duplicate entry, and improve consistency across systems while preserving required approvals, audit trails, segregation of duties, and human review.
REQUIREMENTS:
- Three or more years of experience in private lending, mortgage banking, construction lending, specialty finance, treasury operations, or funding operations
- Experience reviewing funding packages, partner submissions, wire instructions, and calculations, and coordinating with institutional banks, warehouse lenders, and custodians
- Strong spreadsheet skills, including lookup formulas, data validation, exception reporting, and operational tracking; ability to learn new systems and partner workflows quickly
- Strong organization, clear communication, and independent problem-solving in a high-volume, deadline-driven environment
- Sound judgment to stop or escalate transactions when information does not reconcile and drive outstanding issues through resolution
PREFERRED QUALIFICATIONS:
- Experience in residential bridge or construction lending and managing multiple warehouse facilities or institutional funding relationships
- Direct experience executing loan fundings and construction draw releases, including table and direct funding structures
- Experience with major institutional banks and their commercial banking and wire platforms
- Familiarity with major accounting systems, loan origination systems, treasury management platforms, and reporting tools
- Practical experience using AI, data transformation tools, workflow automation, or low-code platforms to improve operational processes while preserving appropriate controls
