Mortgage Loan Coordinator (26-84)

Mortgage Loan CoordinatorLocation: College Station, TXJob Summary:The Mortgage Loan Coordinator 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 Mortgage Loan Coordinator 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, Mortgage Loan Coordinator 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+ yearsFundamental knowledge of Fannie Mae GuidelinesHigh School Diploma or equivalentBachelor'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.