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New American Funding · 21 hours ago

Loan Coordinator

Montgomery County, PA

Full-time

Hybrid

Senior Level

$24/hr - $30/hr

5+ years exp

New American Funding is seeking a Loan Coordinator to join their team. The Loan Partner Two (LP2) will be responsible for prequalifying home loan applications and ensuring timely loan closures by collaborating with various stakeholders.

Financial ServicesLendingMortgage

Responsibilities

Prequalify: Contact all borrowers within 24 hours of the initial consultation to request and review cash, credit, and income qualifications

Pre-Approve: Accurately pre-approve eligible borrowers, handle payment scenarios, and proactively contact pre-approved buyers

Pipeline: Onboard newly received contracts and submit loan applications for eDisclosures. The LP2 ensures 95%+ of loans close on time and resolves 95%+ of loan issues before escalating to the Loan Officer

Qualification

NMLS licenseMortgage processing experienceFHAVAConventional knowledgeDU/DOLPEncompass proficiencyIncome analysis skillsCommunication skillsTime managementWork under pressure

Required

Must maintain an active NMLS license

Minimum 5 years of experience in mortgage processing, underwriting, or origination

Demonstrate proficient product knowledge of FHA, VA, Conventional and other loan programs such as Home Equity Lines of Credit, 2nd mortgages

Proficient in DU/DO, LP, Encompass

Ability to analyze tax returns and accurately calculate income for all types of borrowers

Strong communication skills, time management, and the ability to work under pressure

Must be able to work a flexible schedule that may include some evening or weekend hours

Must be able to verify identity and employment eligibility to work in the U.S

Must be able to lift up to ten pounds

Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information

VISION: See in the normal visual range with or without correction

HEARING: Hear in the normal audio range with or without correction