Mortgage Loan Coordinator (26-70) at Reliable… · College…

MORTGAGE LOAN COORDINATOR (26-70) Full Time · Location: College Station, TX, US   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.