Talent.com
Mortgage Loan Processor - Loan Coordinator
Mortgage Loan Processor - Loan CoordinatorSummit Funding, Inc. • Chicago, Illinois, United States
Mortgage Loan Processor - Loan Coordinator

Mortgage Loan Processor - Loan Coordinator

Summit Funding, Inc. • Chicago, Illinois, United States
30+ days ago
Job type
  • Full-time
Job description

Mortgage Loan Processor - Loan Coordinator

  • Full-time
  • Work Type : Hybrid
  • FLSA Status : Nonexempt
  • Department : Branch Operations Support

Company Description

Summit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders. When Todd Scrima, our owner and CEO founded our company in 1995 his dream was not to be the biggest, but to strive to be the best. Our growth mindset, positive culture, and history of stability are just a few things that position our company as a leader in the mortgage industry.

Benefits and Perks :

  • 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.
  • Job Description

    Loan Coordinator - Loan Processor

    Starting pay ranges between $18-$29 / hr depending on experience plus bonuses based on production

    This position requires the ability to work a hybrid schedule in our downtown Chicago office but work from home opportunities will be available.

    The Mortgage Loan Coordinator - Processor position contributes to the mortgage loan process by being a key contact for both borrowers and internal partners within Summit Funding to manage a pipeline of loans from contract to close.

    What the Loan Coordinator-Processor is Responsible for :

  • Receive loan applications, obtain credit information for applicants, and collect all needed documentation for loans.Documentation to include : Verifications of Deposit (VOD), Verifications of Employment (VOE), appraisal, title, etc. as appropriate.
  • 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 cost calculations, etc.
  • Maintain a detailed conversation log for each file.
  • Qualifications

  • 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
  • Additional Information

    All your information will be kept confidential according to EEO guidelines.

    Create a job alert for this search

    Mortgage Loan Processor • Chicago, Illinois, United States

    Related jobs
    Mortgage Loan Originator

    Mortgage Loan Originator

    Horizon Bank • Munster, IN, United States
    Full-time
    Assist customers in securing conventional, lot, construction and FHA / VA / USDA residential mortgage loans in accordance with company policies and established Standard Operating Procedures (SOPs).Ensu...Show more
    Last updated: 30+ days ago • Promoted
    Mortgage Loan Originator

    Mortgage Loan Originator

    Jet Direct Mortgage • Chicago, IL, United States
    Full-time
    Join Our Team as a Mortgage Loan Originator!.Beyond the Basics : What Makes Jet Direct Mortgage Different?.We know you've heard it all before : "competitive compensation," "quick turn times," "in-hou...Show more
    Last updated: 16 days ago • Promoted
    Loan Origination Associate I

    Loan Origination Associate I

    Chase • Chicago, IL, US
    Full-time
    Equipment Finance Loan Origination Analyst.Join a dynamic team driving impactful change in equipment finance operations.Be part of a group that values innovation and collaboration.Apply today to he...Show more
    Last updated: 5 days ago • Promoted
    CRNA - Anesthesiology job available in Munster, Indiana

    CRNA - Anesthesiology job available in Munster, Indiana

    Britt Medical Search • Munster, IN, US
    Full-time
    Seeking CRNA to join talented team in NW Indiana.ORs, NORA includes 7 GI Suites, Cath Labs and IR.EMR system utilized in Inpatient & Outpatient settings. EPIC – fully integrated HIMSS Stag...Show more
    Last updated: 30+ days ago • Promoted
    Travel Nurse RN - Intensive Care Unit (ICU) / Critical Care - $2,820 per week in Zion, IL

    Travel Nurse RN - Intensive Care Unit (ICU) / Critical Care - $2,820 per week in Zion, IL

    TravelNurseSource • Zion, IL, US
    Full-time +1
    TravelNurseSource is working with Lancesoft Inc to find a qualified ICU / Critical Care RN in Zion, Illinois, 60099!.Minimum 3 years' experience required. References from most recent assignment within...Show more
    Last updated: 30+ days ago • Promoted
    Senior Home Lending Advisor - Lake County IL

    Senior Home Lending Advisor - Lake County IL

    JPMorganChase • Highland Park, IL, US
    Full-time
    Join our fun, high-energy team as a Senior Home Lending Advisor in Chase Home Lending and put your exceptional knowledge and understanding of home lending products to good use by serving as your cu...Show more
    Last updated: 1 day ago • Promoted
    Mortgage Loan Originator

    Mortgage Loan Originator

    Chicago Staffing • Chicago Heights, IL, US
    Full-time
    Bank, we're on a journey to do our best.Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.We b...Show more
    Last updated: 30+ days ago • Promoted
    Loan Origination Associate I

    Loan Origination Associate I

    JPMorgan Chase Bank, N.A. • Chicago, IL, United States
    Full-time
    Join a dynamic team driving impactful change in equipment finance operations.Be part of a group that values innovation and collaboration. Apply today to help shape the future of our business!.As an ...Show more
    Last updated: 5 days ago • Promoted
    Loan Processor III

    Loan Processor III

    Guild Mortgage • Chicago, IL, US
    Full-time
    Guild Mortgage Company, closing loans and opening doors since 1960.As a mortgage banking firm we are dedicated to serving the home owner / buyer. Our goal is to provide affordable home financing for o...Show more
    Last updated: 30+ days ago • Promoted
    Senior Mortgage Loan Processor Manager

    Senior Mortgage Loan Processor Manager

    BlackStar • Oak Lawn, Illinois, USA
    Full-time
    We are looking for a Production Manager to lead and grow our mortgage origination team.This hands-on leadership role is perfect for someone with experience recruiting training and mentoring Loan Of...Show more
    Last updated: 22 days ago • Promoted
    Mortgage Loan Originator

    Mortgage Loan Originator

    Fifth Third Bancorp • Chicago, IL, US
    Full-time
    Make Banking a Fifth Third Better.We connect great people to great opportunities.Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. Performs a wide range of dutie...Show more
    Last updated: 30+ days ago • Promoted
    Mortgage Forward - Mortgage Loan Originator

    Mortgage Forward - Mortgage Loan Originator

    Great Lakes Credit Union • Chicago, IL, United States
    Full-time
    Hiring GREAT people for our GREAT team!.Do you enjoy customer interaction and relationship building?.We are seeking Mortgage Loan Originators to join our team in key markets : .These positions are co...Show more
    Last updated: 29 days ago • Promoted
    CRNA - Anesthesiology job available in Chicago, Illinois

    CRNA - Anesthesiology job available in Chicago, Illinois

    Palm Health Resources • Zion, IL, US
    Part-time
    Part-time or per diem CRNA needed near the Illinois - Wisconsin state line.Work 8-hour weekday shifts at a well-regarded cancer treatment hospital and see neuro, ENT, thoracic, abdominal, ortho, an...Show more
    Last updated: 30+ days ago • Promoted
    Mortgage Loan Processor - Loan Coordinator

    Mortgage Loan Processor - Loan Coordinator

    Summit Funding • Chicago, IL, US
    Full-time
    Mortgage Loan Processor - Loan Coordinator.Summit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders. When Todd Scrima, our owner and CEO founded our company in...Show more
    Last updated: 30+ days ago • Promoted
    Senior Loan Processor Consumer Direct

    Senior Loan Processor Consumer Direct

    The Federal Savings Bank • Chicago, Illinois, USA
    Full-time
    The Federal Savings Bank (TFSB) is actively searching for experienced mortgage loan processing professionals to support our Consumer Direct team. At TFSB the senior loan processing role is known as ...Show more
    Last updated: 14 days ago • Promoted
    Mortgage Loan Originator

    Mortgage Loan Originator

    U.S. Bank • Chicago Heights, IL, United States
    Full-time
    Bank, we're on a journey to do our best.Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.We b...Show more
    Last updated: 28 days ago • Promoted
    Commercial Loan Processor

    Commercial Loan Processor

    Peoples Bank • Munster, IN, USA
    Full-time
    Quick Apply
    The Commercial Loan Processor is responsible for processing various commercial loans in a timely and efficient manner at the direction of Business Bankers. Provide support for the Commercial Loan Pr...Show more
    Last updated: 30+ days ago
    Mortgage Loan Originator - Metro Chicago

    Mortgage Loan Originator - Metro Chicago

    Scott Credit Union • Chicago, IL, United States
    Full-time
    Are you passionate about helping people achieve their dreams of homeownership? Scott Credit Union is seeking a skilled and motivated. Mortgage Loan Originator (MLO).Ready to make a difference in peo...Show more
    Last updated: 29 days ago • Promoted