New REMOTE Senior Loan Coordinator Opportunity! For this direct hire/ full-time position, we are seeking an experienced Loan Processor or Loan Officer (with at least three years of experience) who is looking to become a Sr. Loan Coordinator. The ideal candidate is likely a processor first by training but who also originates loans.
 
The ideal candidate will act as both Loan Officer and Processor in the loan transaction-working closely with the customer(s), operations management, underwriting and closing teams to facilitate a customer focused, efficient, and exceptional mortgage experience for the applicant.
 
Senior Loan Coordinator Responsibilities
Processor Functions

• Process and order third party and vendor services applicable to the loan
• Process FHA, VA, Conventional and other loan programs such as USDA, Home Equity Lines and Loans, Home Improvement loans, and Down Payment and Construction loans
• Obtain required loan documentation from borrower(s) as applicable
• Request, review and verify all loan documents such as income, credit, appraisal and title insurance-validate complete and accurate prior to submission to underwriting
• Navigate client exception (e.g., credit and collateral) processes, ensuring appropriate and clear documentation
• Manage SLA’s and regulatory deadlines
• Submit full loan packages for underwriting review, communicate loan decision and remaining conditions to borrower
• Facilitate timely collection and review of conditions
• Manage and monitor pipeline by documenting at a minimum loan status, lock expiration and conversation log
• Note: Loan Coordinator will not have underwriting authority

 
Loan Officer Functions

• Manage and follow up on loan applications and inquiries from lender clients
• Educate the borrower(s) on the loan process
• Interview the customer/borrower related to their loan application
• Understand and communicate origination costs/fees to the consumer
• Expedite completion of an application
• Facilitate pre-approvals (pre-qualifications)
• Run credit and analyze the applicant(s) financial status and credit history
• Structure and restructure the loan as needed; explain options to applicants
• Facilitate disclosure review and where applicable, signature
• Collect appraisal and/or application fees at appropriate points in the loan process
• Facilitate rate lock for applicant(s)
• Facilitate, as applicable, change of circumstance redisclosures and signatures
• Communicate adverse loan decisions and/or counteroffers
• Must be familiar with DO/DU/LPA
• Work directly with consumer to obtain documentation to ensure timely turn times and meet SLA’s
• Calculate income (all income types)
• Ensure information in LOS is accurate and updated in a timely manner
• Review files for completeness and ensure required items are obtained quickly

 
 
Senior Loan Coordinator Qualifications

• REQUIRED – Minimum7-10 years processing or 5-7 years loan officer experience in an origination production environment
• NMLS state licenses or federal registration
• Experience with Conforming, Non-QM, Jumbo and FHA and VA loans
• Strong working knowledge of applicable regulatory requirements
• Strong working knowledge of mortgage technology tools
• Strong working knowledge of DO/DU/LPA
• Strong working knowledge of Microsoft Office suite of products preferred

 
EDUCATION
Bachelor’s degree preferred. Will consider high school or equivalent with deep mortgage background or experience.
Bilingual in Spanish a plus
 
SALARY RANGE:
Salary range for this role is $60,000-80,000 per year
 
OTHER COMPENSATION:
Competitive sign-on bonus for this role
 
BENEFITS:
The client offers a competitive benefits package to all full-time employees:

• Medical, employer covers 90% of premiums
• Dental, employer covers 90% of premiums
• Vision, employer covers 90% of premiums
• 401k with employer match
• Unlimited Personal Time Off
• Short-Term & Long-Term Disability
• Paid Parental Leave
• Bonus programs available for eligible employees