Job Description
Summit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders. They are seeking a Mortgage Loan Coordinator - Processor to manage a pipeline of loans from contract to close, acting as a key contact for both borrowers and internal partners. Responsibilities Receive loan applications, obtain credit information for applicants, and collect all needed documentation for 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 Solve escrow issues without involving the Loan Officer when possible 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 bolthires calculations, etc Maintain a detailed conversation log for each file Skills Minimum of 1 year of recent experience in mortgage, preferably in processing Working knowledge of loan program guidelines including conventional, jumbo, condo, DPA (IDHA), government loan programs and NQM (DSCR and bank statement) Proficiency in DU/LP/GUS and Encompass 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 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 including possible bonuses based on performance. 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 Overview Summit Funding, Inc. is more than just a mortgage company. It was founded in 1995, and is headquartered in Sacramento, California, USA, with a workforce of 501-1000 employees. Its website is