Mortgage Loan Coordinator

Mortgage Loan Coordinator - Centennial, CO

Compensation Owned Job Description: Mortgage Loan Coordinator (MLC) is responsible for providing support to the assigned MLO. The primary focus of the position is to manage the clerical/administrative and loan processing duties of the Sales Office. A MLC may be the initial point of contact for a customer and must be able to effectively communicate to the customer, including receiving information from a customer who may be a potential sale opportunity for the MLO. Tasks include managing the loan process, including collecting additional documents as required by underwriting in order to insure timely closing of loans. In addition, a MLC may input loan application data provided. However, a MLC cannot take applications, quote rates or sell products. They will serve as a liaison for the loan center and the customer. Mortgage knowledge is utilized by managing appraisal/values, title forms, certifications, and other mortgage documents. MLCs are responsible for distributing marketing materials; this may include a weekly newsletter and/or quarterly newsletter. Job Posting Description (JPD): Mortgage Loan Coordinator (MLC) is responsible for providing support to the assigned Platinum Club MLO. The roles and assignments are reviewed on an annual basis. The primary focus of the position is to manage the clerical/administrative and loan processing duties of the Sales Office. A MLC may be the initial point of contact for a customer and must be able to effectively communicate to the customer, including receiving information from a customer who may be a potential sale opportunity for the Platinum Club MLO. Tasks include managing the loan process, including collecting additional documents as required by underwriting in order to insure timely closing of loans. In addition, a MLC may input loan application data provided. However, a MLC cannot take applications, quote rates or sell products. They will serve as a liaison for the loan center and the customer. Mortgage knowledge is utilized by managing appraisal/values, title forms, certifications, and other mortgage documents. MLCs are responsible for distributing marketing materials; this may include a weekly newsletter and/or quarterly newsletter. This position may be subject to SAFE Act Registration Requirements. Pursuant to the SAFE Act requirements, all applicants for employment who will be engaged in residential loan mortgage originations (as defined by the SAFE Act) must register with the federal registry system and maintain a status in good standing under the SAFE Act requirements. If at any time the Bank determines that your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to register successfully or to maintain a status in good standing under the SAFE Act will affect your eligibility for continued employment and may result in your immediate termination.