Loan Coordinator

POSITION SUMMARY

The Loan Coordinator will support Mortgage Loan Officers in all aspects of the mortgage loan origination process. Courtesy, customer service, and tact are essential elements of this position. The Loan Coordinator works as a team member, managing a pipeline of loans while communicating with clients, Loan Officers, and other members of the Operations team from loan approval to closing. Work involves a great degree of personal contact with others, both in and out of the Company, for purposes of obtaining information, obtaining documentation, building relationships, or soliciting cooperation. The Loan Coordinator must have excellent 'people skills' and be driven with the desire to make sure every client has a positive experience with ALCOVA Mortgage.

Requirements:

- 3+ recent years experience in mortgage industry

- current encompass experience

- NMLS license

DUTIES AND RESPONSIBILITIES

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

1. Responsible for assisting with the administrative duties related to client relationships and identifying client service and sales needs

2. Reviews loan applications to determine the completeness of all documents and verifies borrowers’ qualifications for specified loan products

3. Assists with coordination of all appropriate documentation and follows up with clients on an ongoing basis

4. Advises Loan Officers of any deficiencies or missing documentation

5. Responds to customer inquiries and referrals that are generated from both their own contacts and from the Loan Officers’ business

6. Conduct interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advise customers of product/pricing policies and guidelines, and gather any additional required information

7. Maintains a thorough and up-to-date knowledge of lending programs, policies, procedures, and regulatory requirements

8. Demonstrates commitment to professional ethics by complying with all federal and state compliance policies and requirements

9. Works with escrow teams to obtain all items necessary for disclosure (e.g. estimated HUD, preliminary title report, closing protection letter and wire instructions)

10. Coordinates sending of disclosures, ordering appraisals, and running of credit

11. Packages and submits complete files to Operations through the Company’s loan origination software program

12. Upon receipt of loan approval, works with Loan Officer Assistants, Loan Officers, and Escrow Officers to clear all “prior to doc” conditions and funding conditions

13. Arrange signing for borrowers with Escrow Officers

14. Works closely with Loan Officers, Funders, and Escrow Officers to clear funding conditions

15. Organizes filing system, answers phones, photocopies documents, and prepares correspondence and documents

16. Prepares marketing materials, and may coordinate meetings, conferences, and presentations

17. May be responsible for the preparation of specialized reports and documents

Job Type: Full-time

Pay: $40,000.00 - $55,000.00 per year

Benefits:

• Dental insurance
• Health insurance
• Paid time off

Work Location: Remote