---
title: 'Funding Associate at Ascent Developer Solutions'
canonical: 'https://feeny.ai/job/funding-associate-ascent-developer-solutions-encino-8j5v51s670g3'
type: 'job'
last_seen: '2026-10-24'
---

# Funding Associate at Ascent Developer Solutions

- **Company:** Ascent Developer Solutions
- **Location:** Encino, CA
- **Posted:** 2026-10-21
- **Last confirmed live:** 2026-10-24
- **Apply:** https://job-boards.greenhouse.io/ascentds/jobs/4463048009

## Job description

## About Ascent

Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.

## The Role

The Funding Associate executes daily loan fundings and construction draw releases for an institutionally backed private lender across residential real estate asset classes. This hands-on role manages funding readiness, funding package review, wire preparation and initiation, disbursement tracking, and exception resolution across multiple funding partners and platforms.

The role coordinates with internal teams, institutional banks, warehouse lenders, and third-party custodians to fund transactions accurately and on time while maintaining required approvals and segregation of duties. A core responsibility is using AI, automation, and practical process improvements to reduce manual work and build scalable funding operations.

The Work

Loan Funding and Partner Coordination

- Manage the daily funding queue and calendar, tracking readiness, submission deadlines, bank cutoffs, approvals, and outstanding conditions.
- Coordinate across Treasury, Sales, Closing, Credit, Accounting, Servicing, and Construction, and with external funding parties, to resolve conditions and meet deadlines.
- Execute direct, table, wet, and dry funding workflows; review and submit complete, accurate funding packages under each lending partner’s requirements.
- Reconcile funding amounts across loan systems, requests, partner submissions, wire instructions, and reporting. Resolve missing information, calculation differences, duplicate requests, and unsupported changes before release.
- Maintain partner checklists, submission records, status updates, and post-funding follow-up. Escalate transactions at risk and support onboarding of new warehouse facilities and platforms.

Wire Execution and Controls

- Set up and maintain wire templates with banking partners for recurring beneficiaries (warehouse lenders, title and escrow companies, custodians, construction borrowers), including additions, edits, and deactivations.
- Prepare and initiate loan funding and construction draw wires through approved banking platforms and accounting systems, subject to required independent approval and release.
- Validate beneficiaries, instructions, amounts, dates, and supporting documents; confirm instruction changes are independently verified under company procedures.
- Track approvals, releases, Fed references, receipt, rejected or returned wires, and cancellations. Reconcile scheduled versus released funds and coordinate recovery when needed.
- Immediately escalate suspected fraud, duplicate payments, beneficiary discrepancies, unauthorized changes, and unresolved funding exceptions.

Construction Draw Releases

- Manage the daily draw release queue and confirm required internal approvals before disbursement.
- Validate approved amounts against construction budgets, available holdbacks, prior disbursements, remaining commitments, and applicable loan limits.
- Review approvals, inspections, invoices, lien waivers, budget detail, and wire instructions for operational completeness. Escalate missing documents, insufficient holdbacks, or unsupported amounts.
- Track approved draws through release and final resolution, and confirm disbursements are accurately reflected in applicable systems and reporting.

AI, Automation, and Process Improvement

- Identify repetitive and error-prone work; use AI, spreadsheet tools, workflow automation, and low-code platforms to improve funding intake, document checks, queue management, wire preparation, tracking, and reporting.
- Build standardized templates, checklists, dashboards, and exception workflows. Reduce duplicate entry and improve consistency across loan, accounting, banking, and partner systems.
- Partner with Technology and Data on integration and broader development of a scalable treasury platform.
- Document workflows and measure improvements in processing time, accuracy, visibility, and cutoff performance.
- Preserve required approvals, audit trails, segregation of duties, data security, and human review in all automated or AI-assisted workflows.

Required Qualifications

- 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.

The Pay

Pay range is $90,000-$100,000 per year, with a discretionary bonus of 10% per year

The Work Environment

- This role works on-site from Ascent's Encino office, Monday - Thursday (Fridays are work-from-home).

Our Benefits

We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include four health plans, two dental plans, health savings account with employer contribution, flexible spending accounts, vision coverage, a 401(k) plan, and other optional benefits from which to choose.

Our Pledge

We pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.

## About Ascent Developer Solutions

## Company Overview
- **One-liner**: Ascent Developer Solutions is a private lending and institutional debt platform that provides customized short-term financing solutions for top-tier single-family, homebuilder, and multi-family developers.
- **Entity Type**: Private (funded via Private Equity round)
- **Headquarters**: Los Angeles (Encino), California, United States
- **Founded**: 2024
- **Founders**: Robert Wasmund

## Core Business
- Primary industry/industries: Financial Services (Real Estate Lending / Private Credit)
- Target customers: B2B — top-tier single-family developers, homebuilders, multi-family developers, and residential real estate investors
- Mission or purpose statement: To offer developers an efficient and streamlined advantage through customized financing solutions, proprietary software, and data-driven insights. The company was founded "For Developers. By Developers."

## Products & Services
- **Single-Family Luxury Loans**: Short-term secured loans for the purchase, renovation, and construction of luxury, market-rate, multi-property, and short-term rental assets.
- **Homebuilder Loans**: Build-for-sale and build-to-rent project financing for homebuilders.
- **Multi-Family Loans**: Financing for mixed-use, for-rent, and for-sale multi-family assets, including manufactured housing communities.
- **Bridge Financing**: Post-completion bridge loans for developers transitioning projects to permanent financing.

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed (private company)
- **Key Metric**: Total Funding — Private Equity round led by Elliott Management Corp. (July 2024); the management team has collectively originated **over $20 billion** in loans across **20,000+ loan originations**.
- **Notable Investors/Partners**: Lead investor is **Elliott Management Corp.** (via Elliott Investment Management L.P.), a major global investment firm.
- **Growth Signals**: 
  - Rapid headcount growth: +89.5% year-over-year, now at 81 employees
  - Active expansion into New England with a new Boston office
  - Featured closings include a $39 million facility for a development parcel in the Inland Empire and a $14.25 million bridge loan for a 290-unit rental portfolio in Houston
  - 13 active job postings (as of mid-2026), with job posting volume up +116.7% year-over-year

## Competitive Advantages
- **Deep Industry Expertise**: Founded by Robert Wasmund, with an executive leadership team that collectively represents **200+ years** of hands-on industry experience and a proven track record of scaling private loan origination platforms.
- **Proprietary Technology**: The company leverages its own proprietary software and data product suites to streamline the lending process, doing the "heavy lifting" so team members can focus on high-value work.
- **Strong Capital Backing**: Backed by Elliott Management Corp., providing significant institutional credibility and capital access.
- **Niche Focus**: Specializes exclusively in top-tier developers, allowing for deep domain expertise and tailored solutions that generalist lenders cannot easily replicate.

## Strategic Focus
- **National Expansion**: Actively expanding beyond California into new markets, including the New England region (Boston office).
- **Talent Acquisition**: Aggressively hiring across multiple functions (sales, technology, legal, operations) to support rapid growth.
- **Technology Investment**: Continuing to build out proprietary software and data analytics capabilities to maintain a competitive edge in loan origination and servicing.
- **Product Diversification**: Expanding into manufactured housing community lending and other specialized real estate asset classes.

## Why Work Here
- **High-Growth Environment**: The company is in a rapid scaling phase (89.5% headcount growth YoY), offering employees the chance to grow their careers alongside the business.
- **Data-Driven Culture**: Ascent emphasizes leveraging data and insights for informed decision-making, making roles "more impactful and rewarding" — a strong draw for analytical talent.
- **Innovation & Adaptability**: The company describes itself as "constantly innovating & adapting" to provide new products and market opportunities, giving employees exposure to new skills and challenges.
- **Work Policy**: In-office (on-site) at the Encino, Los Angeles headquarters and the new Boston office. Employees work from physical offices.
- **Notable Perks**: Recognition programs like the "Apex Award for Employee Excellence"; emphasis on career growth and skill development.
- **Engineering/Culture Highlights**: The technology team (led by SVP of Technology John Issa) is building proprietary tools that directly impact the business. Roles like Senior Data Engineer and Senior Data Scientist are actively posted, indicating a strong technical backbone and investment in data infrastructure.

## Sources
1. [ascentds.com](https://www.ascentds.com/)
2. [ascentds.com/about-us](https://www.ascentds.com/about-us)
3. [ascentds.com/careers](https://www.ascentds.com/careers)
4. [linkedin.com/company/ascent-developer-solutions](https://www.linkedin.com/company/ascent-developer-solutions)
5. [builtin.com/company/ascent-developer-solutions](https://builtin.com/company/ascent-developer-solutions)

## Other roles at Ascent Developer Solutions

- [Relationship Manager, Construction Lending](https://feeny.ai/job/relationship-manager-construction-lending-ascent-developer-solutions-encino-wy5xvxp61sq3) — Encino, CA
- [Vice President - Real Estate Transactions Attorney](https://feeny.ai/job/vice-president-real-estate-transactions-attorney-ascent-developer-solutions-nep3q96d67xw) — Encino, CA
- [Forward Deployed Engineer II](https://feeny.ai/job/forward-deployed-engineer-ii-ascent-developer-solutions-encino-cqrz7c83rsmw) — Encino, CA
- [Forward Deployed Engineer I](https://feeny.ai/job/forward-deployed-engineer-i-ascent-developer-solutions-encino-b60fsyhwctsk) — Encino, CA
- [Sales Associate, Construction Lending](https://feeny.ai/job/sales-associate-construction-lending-ascent-developer-solutions-encino-rvb3yejyfvae) — Encino, CA
- [Senior Vice President, Capital Markets](https://feeny.ai/job/senior-vice-president-capital-markets-ascent-developer-solutions-encino-xp2efbb2cazr) — Encino, CA
- [Construction Risk Associate](https://feeny.ai/job/construction-risk-associate-ascent-developer-solutions-boston-6r3667ea92v2) — Boston, MA
- [Director, IT Operations](https://feeny.ai/job/director-it-operations-ascent-developer-solutions-encino-jbrry5vbt5vn) — Encino, CA
- [Vice President, Loan Officer](https://feeny.ai/job/vice-president-loan-officer-ascent-developer-solutions-encino-mt49834z2wr7) — Encino, CA
- [Machine Learning Engineer](https://feeny.ai/job/machine-learning-engineer-ascent-developer-solutions-encino-cmk29j2fpm51) — Encino, CA