Mortgage Loan Coordinator (26-84)

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 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: 

• Mortgage Loan Processing, Origination, or Closing – experience 2+ years
• Fundamental knowledge of Fannie Mae Guidelines
• High School Diploma or equivalent
• Bachelor’s Degree in Business, Business Administration, Finance, or related field preferred.
• Excellent verbal and written communication skills, analytical and organizational skills.
• Broad experience in mortgage lending and/or retail banking.