Loan Processor - Loan Coordinator

Summit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders. The Loan Coordinator - Processor position contributes to the mortgage loan process by being a key contact for both borrowers and internal partners within Summit Funding to manage a pipeline of loans from contract to close.

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 lending preferably in processing
• Working knowledge of loan program guidelines including conventional, jumbo, and government loan programs
• Proficiency in DU/LP/GUS and/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.

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