Loan Processor - Loan Coordinator
Loan Processor - Loan Coordinator
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Salary Not Disclosed
1 Vacancy
Job Description
Loan Coordinator - Loan Processor
Starting pay ranges between $23-$27/hr depending on experience with monthly bonuses based on production
This position reports out of the Eugene Oregon office but is available as in-office or remote depending on location. Preference for candidates in Pacific Standard Time (PST). The required hours are 8am-5pm PST.
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.
What the Loan Coordinator-Processor is Responsible for:
- Receive loan applications obtain credit information for applicants and collect all needed documentation for loans.
- Documentation to include: Verifications of Deposit (VOD) Verifications of Employment (VOE) appraisal title etc. as appropriate.
- 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.
Qualifications :
- 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
Additional Information :
All your information will be kept confidential according to EEO guidelines.
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
