Job Description

Loan Processor - Loan Coordinator

This job is for you if you LOVE the mortgage industry and you are an experienced Loan Originator Assistant or Loan Processor who craves more interaction with borrowers and clients. Let’s put your mortgage experience to work – with us at Summit Funding where you can help our clients achieve their dream of home ownership!

We are looking for a VERY detailed oriented experienced mortgage professional with a background in processing conventional and government loans to join our team. Summit processing loans in an efficient and timely manner, working directly with the borrower, referral partners, Loan Officer Team, and Underwriting and Closing teams.

Starting pay ranges between $28 - $32/hr depending on experience plus per file bonuses.

This position reports out of the Sacramento or Lodi Branch but is offered as hybrid-remote. Candidates will be asked to work at least 1 day a week in either office location with the ability to work remote from home the remaining days.

Normal work schedule will be Monday through Friday but ability to work overtime and weekends is a plus. Normal start time will be between the hours of 7am and 9am Pacific time, and normal end time will be between 3:30pm and 6pm Pacific time.

What YOU will do to make a difference at Summit Funding:

• 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.
• 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.

Qualifications

• Prefer a 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 including FHA, VA, USDA, DPA, Bond loans as well as Non QM loans.
• Proficiency in DU/LP/GUS and/or other major LOS, Encompass preferred.
• 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 with at least 1 day a week in either the Sacramento or Lodi office.

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Additional Information

All your information will be kept confidential according to EEO guidelines.