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 processingWorking knowledge of loan program guidelines including conventional jumbo and government loan programsProficiency in DU / LP / GUS and / or other major LOSAbility to calculate incomeStrong verbal and written communication skillsCreative problem solver with a positive attitudeAbility to prioritize and multi-task in order to meet deadlines strong organization skillsStrong sense of urgency and responsiveness along with the ability to demonstrate professionalismAdditional Information :
All your information will be kept confidential according to EEO guidelines.
Remote Work : No
Employment Type : Full-time
Key Skills
Dhcp,Food Technology,AIX,Equity Research,Audio Visual
Experience : years
Vacancy : 1