Summit Funding, Inc. · 1 hour ago
Loan Processor - Loan Coordinator
Chattanooga, TN
Full-time
Onsite
Entry, Mid Level
$20/hr - $25/hr
2+ years expSummit Funding, Inc. is one of the oldest privately owned top 50 national mortgage lenders, dedicated to making homeownership a reality. The Loan Processor - Loan Coordinator will assist clients by managing loan applications, ensuring all documentation is collected, and facilitating the closing process.
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
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
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
Required
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
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
Ability to work full time, 40 hour a week schedule
Benefits
Opportunity to further a career in a competitive, fast-paced growing industry where you can make a difference in people’s lives.
Opportunity to earn competitive compensation.
Full benefits include medical, dental, vision, 401K plus match, 11 paid holidays, paid time off, and more.
Fun team atmosphere, professional development, and more.
Company
Summit Funding, Inc.
Summit Funding, Inc. is more than just a mortgage company.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Aaron Hardin
Loan Partner
Alison Everitt
Loan Partner II
Recent News
HousingWire.com
2025-05-02
2022-10-13
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