Mortgage Loan Coordinator (25-10)

Launch a rewarding career in finance! American Momentum Bank islooking for a motivated and organized individual to join our dynamic team as a Mortgage Loan Coordinator . This vital role offers the opportunity to be the backbone of our lending process, ensuring a smooth, efficient experience for every client. If you are seeking a professional, team-oriented organization with comprehensive health and 401 (k) benefits that is secure and growing, please apply for immediate consideration.

MORTGAGE LOAN COORDINATOR

Location : College Station, TX

Job Summary :

The MLC is responsible for processing mortgage loan applications according to guidelines established by the Bank, Fannie Mae, Correspondent Investors, and Federal / State Regulations. They will work directly with clients during the origination of the loan, and through processing, closing, and funding. The MLC must be professional and capable of working in a customer-focused environment. They must be very detail-oriented, with experience in managing the loan application from origination through closing, funding, and post-closing.

Job Duties & Responsibilities :

• Prepare mortgage loan disclosures in compliance with all laws and regulations, i.e., RESPA, Reg Z, etc. - including the Loan Estimate. Maintain compliance with regulatory disclosures throughout the processing of the loan.
• Track receipt of disclosures and appraisals in compliance with E-Sign Act, and Investor requirements for electronic delivery.
• Communicate with the clients to obtain supporting credit documentation. Communicate loan approvals, conditions, rate locks, etc., to borrowers and related parties.
• Order all third-party documentation required at closing, i.e., Appraisal, Title Commitment, Flood Cert, etc.
• Input application in the loan origination system, order credit report, run Automated Underwriting, and generate / review preliminary findings. (If input done by originator, MLC to verify input, credit, and AUS findings.)
• Submit complete application package to underwriter and coordinate with parties to obtain follow-up documentation to clear loan conditions.
• Prepare loan for closing, coordinating with attorneys, title companies, and Borrowers.
• Knowledgeable in financial institution operating policies and procedures, and banking regulations, state and federal.
• Other administrative duties as assigned.

Key Qualifications :