Loan Set-up Coordinator (Underwriting)

Description

The Loan Set-up Coordinator will work directly with our correspondent sellers and internal staff. This role requires a conscientious, self-motivated professional capable of managing assigned tasks and finding solutions in a fast-paced correspondent acquisition environment.

Responsibilities and Duties :

• Provide initial review and data entry of loan credit documents and data submitted from our seller network to ensure minimum requirements met to facilitate a smooth and efficient review by our review team. Documents include applications, credit reports, a variety of income verification documents, asset verifications, and evidence of property value.
• Review data for accuracy and collect or correct as applicable.
• Work with internal counterparts to refine procedures or enhance systems necessary to develop a thorough and efficient process.
• Willingness to work with Operational team on any other duties necessary to acquire and securitize mortgage loan asset or as assigned by management.
• Answer and resolve internal or external email, phone, or other inquiries
• Maintains a current pipeline and SLA requirements for the position
• Validate data and correct or complete where required when received from TPRs to ensure accuracy in condition requirements for the purchase of a closed loan
• Identify issues and discrepancies in documents and data to assist Credit and Collateral teams.
• Maintains minimum daily file review / clearing requirements as set by management and SLA KPIs
• Performs other related duties as assigned

Education and Experience :

Key Competencies

Attention to Detail : The ability to meticulously review loan documents and data for accuracy, ensuring all required elements are complete and compliant with company guidelines.

Customer Service Skills : Excellent interpersonal skills to effectively interact with internal teams, clients, and vendors, ensuring clear communication and resolution of inquiries.

Organizational and Time Management Skills : Proficiency in managing multiple tasks and maintaining an active pipeline while meeting service level agreements (SLAs) and key performance indicators (KPIs).

Problem-Solving and Decision-Making Ability : Demonstrated ability to identify discrepancies in documentation and data, collaborate with teams to resolve issues, and make sound judgments in a fast-paced environment.

Adaptability and Technical Proficiency : Capability to quickly adapt to changing processes and workflows, along with proficiency in Windows, Adobe applications, and other relevant software tools.

How This Role Demonstrates Our Values

Integrity : The Loan Set-Up Coordinator must exemplify strong ethics and accountability by ensuring accurate and thorough reviews of loan documents, adhering to company policies, and maintaining confidentiality of sensitive client and company information. Upholding these standards directly reflects the value of integrity in daily responsibilities.

Excellence : Meeting minimum daily file review requirements, maintaining SLA KPIs, and ensuring accuracy in all tasks showcases the pursuit of excellence. The role demands a high level of attention to detail and organizational skills, ensuring a consistently exceptional standard of work.

Collaboration : This role requires seamless interaction with internal teams, such as the Credit and Collateral teams, as well as external counterparts, like clients and vendors. Actively engaging with others to refine processes and resolve discrepancies demonstrates a collaborative mindset that drives collective success.

Critical Curiosity : The Loan Set-Up Coordinator must possess the ability to critically analyze loan data and documentation, identify missing elements or discrepancies, and adapt to changing workflows. This curiosity to explore solutions and refine processes supports the company's innovative and forward-thinking culture.

Benefits

Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.

Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.

All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.

Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.

Invictus Capital Partners, LP (“Invictus”), a leading investment firm, and its subsidiary Verus Residential Loanco, LLC (“Verus,” and together with Invictus, the “Companies”), manage and oversee investments in Non-Agency single family residential mortgage loans.  Invictus is located in Washington, D.C. and has approximately 50 employees, and Verus is located in Minneapolis and has approximately 200 employees.  The Companies have overseen the acquisition of over $38 billion of mortgage loans since their inception.  In addition, Invictus manages over $19 billion in gross assets and has completed over 70 rated securitizations.  Interested candidates can learn more about the Companies by visiting www.invictuscp.com and www.verusmc.com.