Loan Set Up Coordinator
About The Position
The Loan Set Up Coordinator (AKA Approval Specialist) will perform all loan set up functions in a timely and efficient manner to ensure a complete and organized file is ready for processing. The Approval Specialist will work directly with the Loan Coordinator and Operations Manager to ensure that all documents needed for processing have been requested and received. This position requires frequent communication with the Loan Officer and Loan Partner. Starting pay ranges between $20.43 to $25.39/hr plus potential to earn per file bonuses on loans worked on and closed.
Requirements
- Prefer a minimum of 1 year of recent experience in the mortgage industry in a Loan Set Up or Junior Processing position with a retail mortgage lender.
- Must be proficient in Word, Excel, and Outlook applications.
- Must be proficient in DU/DO, LP, & major Originating systems. Encompass highly preferred.
- Must have excellent verbal and written communication skills.
- Must have a positive attitude.
- Must be dependable, self-motivated, and require minimal supervision.
- Must be proficient with all guidelines and websites necessary to complete job functions.
- Must be detail oriented.
- Must be able to work under pressure to meet deadlines.
- Must be able to organize, prioritize, and manage time.
- Candidates must be able to report into the downtown Chicago office as needed, but work from home opportunities will be available.
Responsibilities
- Complete loan set up within 48 hours of receipt.
- Verify loan file is complete, and Loan Officer has provided completed checklist and CCI, accompanying disclosures, documents, needs list, anticipated or confirmed program/investor, and etc.
- Return any incomplete loans back to Loan Officer. Send e-mail with list of missing items for completion to Loan Officer and Branch Manager.
- Order appraisals, preliminaries, flood, verifications, and all other validations required by Summit Funding, Inc.
- Assist Loan Coordinator(s) with follow up for items requested.
- Perform all branch file cancellations per current Loan Cancellation Policy.
- Learn how to properly re-disclose a loan, as needed.
- Place detailed comments in the conversation log every time a file is handled.
Benefits
- We offer a competitive compensation structure
- Professional and financial growth through building teams
- Professional Coaching and mentoring
- Full benefits including 401K with match
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
1,001-5,000 employees
