Senior Loan Coordinator
6 days ago
A highly skilled Mortgage Client Coordinator is sought to join our team at SummitHR. The ideal candidate will possess a strong understanding of the mortgage lending process, with experience in loan origination, file management, and customer service.
Key Responsibilities:- Oversee multiple aspects of origination, file management, communication, and the overall customer experience for assigned LMPs.
- Obtain and ensure all loan documentation is complete and accurate, reviewing inputted data for integrity.
- Act as liaison with staff and departments to collect borrower documentation necessary to qualify and pre-underwrite files.
- Assist LMPs in evaluating possible loan scenarios and determining suitable financial products and investment options.
- Prepare and submit loan packages to Underwriting, including FHA, VA, Conventional, and other loan programs.
- Analyze applications, credit reports, income, assets, liabilities, and collateral documentation for accuracy.
- Ensure all documentation meets investor guidelines prior to submitting files to Mortgage Underwriter.
- Order and obtain third-party verifications, including employment verification, 4506T, appraisal, title, credit reports, and hazard insurance.
- Issue Federal and State disclosures correctly and ensure signing and dating by applicable parties.
- Enter and audit information in Company's LOS to guarantee accuracy.
- Submit loans through Automated Underwriting System (AUS) to validate documentations against findings.
- Provide applicants with copies of appraisals and written valuations before consummation.
Requirements:
- High School Diploma or GED equivalent required.
- Minimum of 3 years' experience in lending field preferred.
- Active Loan Mortgage Originator License through NMLS required in all states where loans originated.
- Previous sales and administrative support experience preferred.
- Experience submitting loans to multiple investors preferred.
- Proficient in Encompass/Optimal Blue/DU/LP and major origination systems preferred.
- Working knowledge of mortgage loan process, FNMA, FHA, VA, RD, USDA, and SAFE ACT guidelines.
- Excellent written and verbal communication skills.
- Able to manage multiple tasks and deadlines in a fast-paced environment.
- Ability to read, analyze, and interpret financial data.
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