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Summit Funding, Inc. · 6 hours ago

Loan Processor - Loan Coordinator

Sacramento, CA

Full-time

Hybrid

Entry, Mid Level

$28/hr - $32/hr

2+ years exp

Summit Funding, Inc. is one of the oldest privately owned top 50 national mortgage lenders, focusing on providing a positive culture and stability in the mortgage industry. They are seeking a detail-oriented Loan Processor - Loan Coordinator to manage loan applications, interact with clients, and ensure timely processing of loans to help clients achieve home ownership.

FinanceFinancial ServicesLendingWealth Management

Hiring Manager

Jennifer Hudson

Responsibilities

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

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

Qualification

Mortgage processing experienceLoan guidelinesEncompassCalculate incomeMulti-taskProfessionalismCommunication skillsCreative problem solverOrganization skills

Required

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

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