Job 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 - Processor for Top Producing Team

Starting pay ranges between $24-$30/hr depending on experience with monthly bonuses based on production

This position reports out of the Roseville California office but is available as remote. Due to state NMLS licensing regulations, this position is not available for candidates in Alabama, Nevada or North Carolina. The required hours are 8:30am-5pm PST. 

We are seeking a highly experienced and strategic mortgage professional to act as a crucial partner to a top-producing Branch Manager. This is not a traditional processing role. You will be the primary architect of loan files, taking ownership at the pre-approval stage to analyze, structure, and strategize the optimal financing solution for clients before the Loan Officer's initial consultation.

The ideal candidate thrives in a high-volume, fast-paced environment and is a decisive, autonomous worker who is empowered to "run fast" and make critical decisions. If you are a proactive problem-solver who enjoys the front-end complexity of structuring loans and wants to be a key collaborator in a high-growth environment, this role is for you.

What the Loan Coordinator-Processor is Responsible for:  

• Front-End File Architecture
  • In-depth reviews of borrower income, assets, and credit to determine the most suitable loan programs from the outset.
• Strategic Collaboration 
  • Provide recommendations to the Loan Officer on file structure, proactively identifying potential challenges, and offering solutions to ensure a smooth process. 
• Pre-Approval and Pipeline Management 
  • Ownership of pre-approval pipeline to manage both prospective and active loans.
• Initial Disclosures 
  • Manage issuance of initial disclosures once a property is under contract.
• Loan Processing 
  • As capacity allows, manage files from contract to close, working to clear conditions and ensure timely closings. 

Qualifications

• Minimum of 5 years of current hands-on experience in a high-volume mortgage environment. 
• NMLS licensed or ability to be licensed within 90 days is required.
• Mortgage experience during the 2020-2021 refinance boom is preferred. 
• Ability to work effectively in a fast-paced environment.
• Deep working knowledge of loan program guidelines and understanding of factors including credit and LTV.
• Ability to work proactively and make decisions under pressure. 

Additional Information

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

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