Loan Processor Loan Coordinator

Loan Processor - Loan Coordinator 

This job is for you if you LOVE the mortgage industry and you are an experienced Loan Originator Assistant or Loan Processor who craves more interaction with borrowers and clients. Lets put your mortgage experience to work with us at Summit Funding where you can help our clients achieve their dream of home ownership! 

We are looking for a VERY detailed oriented experienced mortgage professional with a background in processing conventional and government loans to join our team. Summit processing loans in an efficient and timely manner working directly with the borrower referral partners Loan Officer Team and Underwriting and Closing teams.

Starting pay ranges between $28 - $32/hr depending on experience plus per file bonuses. 

This position reports out of the Sacramento or Lodi Branch but is offered as hybrid-remote or remote depending on experience and location.  Candidates local to Sacramento or Lodi with the ability work in the office will be preferred.

Normal work schedule will be Monday through Friday but ability to work overtime and weekends is a plus. Normal start time will be between the hours of 7am and 9am Pacific time and normal end time will be between 3:30pm and 6pm Pacific time.   

What YOU will do to make a difference at Summit Funding: 

• Solve escrow issues without involving the Loan Officer when possible.
• 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.
• Disclose 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.
• 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.
• Coordinate closing details with clients.
• Maintain a detailed conversation log for each file.

Qualifications :

• Prefer a minimum of 2 years of recent experience in mortgage lending preferably in processing
• Working knowledge of loan program guidelines including conventional jumbo and government loan programs including FHA VA USDA DPA Bond loans as well as Non QM loans.
• Proficiency in DU/LP/GUS and/or other major LOS Encompass preferred.
• 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
• Ability to work full time 40 hour a week schedule

Additional Information :

All your information will be kept confidential according to EEO guidelines.

Remote Work :

Yes

Employment Type :

Full-time