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Loan Processor Loan Coordinator
Loan Processor Loan CoordinatorSummit Funding • Eugene, Oregon, USA
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Loan Processor Loan Coordinator

Loan Processor Loan Coordinator

Summit Funding • Eugene, Oregon, USA
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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

    Key Skills

    Dhcp,Food Technology,AIX,Equity Research,Audio Visual

    Experience : years

    Vacancy : 1

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    Loan Processor • Eugene, Oregon, USA

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