Mortgage Loan Processor - Loan Coordinator
Summit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders. They are seeking a Mortgage Loan Coordinator - Processor to manage a pipeline of loans from contract to close, acting as a key contact for both borrowers and internal partners.
Responsibilities
- Receive loan applications, obtain credit information for applicants, and collect all needed documentation for loans
- Answer all borrower questions or refer to Loan Officer as needed
- Verify loans are complete and submit to Underwriting based on Investor and/or Automated Underwriting System (AUS) requirements within 24 hours of receipt of documents
- Clear any conditions that require communication to title companies, appraiser, employers, surveyors, etc
- Solve escrow issues without involving the Loan Officer when possible
- Collect all necessary items needed to prepare the Closing Disclosure (CD) and ensure timely drawing and delivery of the CD in order to meet the expected close of escrow
- Ensure closing instructions and documents have been released to title 72 hours before closing, and a final settlement statement is issued to the Loan Officer or team 48 hours prior to closing
- Review all closing statements and compare to signed Good Faith Estimate (GFE) before signings, and correct discrepancies where needed
- Meet with clients to sign loan documents
- Send out correspondence including thank you cards, closing cost calculations, etc
- Maintain a detailed conversation log for each file
Skills
- Minimum of 1 year of recent experience in mortgage, preferably in processing
- Working knowledge of loan program guidelines including conventional, jumbo, condo, DPA (IDHA), government loan programs and NQM (DSCR and bank statement)
- Proficiency in DU/LP/GUS and Encompass or other major LOS
- Ability to calculate income
- Strong verbal and written communication skills
- Creative problem solver with a positive attitude
- Ability to prioritize and multi-task in order to meet deadlines, strong organization skills
- Strong sense of urgency and responsiveness along with the ability to demonstrate professionalism
Benefits
- Opportunity to further a career in a competitive, fast-paced growing industry where you can make a difference in people’s lives.
- Opportunity to earn competitive compensation including possible bonuses based on performance.
- Full benefits include medical, dental, vision, 401K plus match, 11 paid holidays, paid time off, and more.
- Fun team atmosphere, professional development, and more.
Company Overview