Summit Funding, Inc.
Loan Processor - Loan Coordinator
Summit Funding, Inc., Sacramento, California, United States, 95828
Company Description
Summit Funding, Inc. is one of the oldest privately owned top 50 national mortgage lenders. Founded in 1995 by CEO Todd Scrima, the company focuses on being the best rather than the biggest. Its growth mindset, positive culture, and stability make it a leader in the mortgage industry. Benefits and Perks
Competitive compensation structure Professional and financial growth through building teams Professional coaching and mentoring Full benefits including 401(k) with match Top producers invited annually to a Leaders Club all-inclusive 5‑star vacation Job Title
Loan Processor – Loan Coordinator Job Description
This role is for an experienced Loan Originator Assistant or Loan Processor who thrives on borrower interaction. The successful candidate will process conventional and government loans efficiently, working directly with borrowers, referral partners, loan officers, underwriting, and closing teams. The position is based in Sacramento or Lodi with a hybrid‑remote or fully remote option for eligible candidates. Starting pay ranges from $28–$32 per hour, plus per‑file bonuses. The schedule is Monday through Friday, typically between 7–9 a.m. and 3:30–6 p.m. Pacific time, with occasional overtime and weekend work. Responsibilities
Resolve escrow issues independently when possible. Receive loan applications, obtain credit information, and collect all required documentation. Disclose loan details, answer borrower questions, or refer to loan officer as needed. Verify completeness of loans and submit to underwriting within 24 hours of document receipt. Clear conditions that require communication with title companies, appraisers, employers, surveyors, etc. Prepare Closing Disclosure (CD) items, ensuring timely delivery to meet the escrow closing deadline. Ensure closing instructions and documents are released to title 72 hours before closing and the final settlement statement is provided to the loan officer or team 48 hours prior. Review closing statements against the Good Faith Estimate, correcting discrepancies. Meet clients to sign loan documents and manage correspondence, including thank‑you cards and cost calculations. Coordinate closing details with clients. Maintain detailed conversation logs for each file. Qualifications
Minimum of 2 years recent experience in mortgage lending, preferably in processing. Knowledge of loan program guidelines, including conventional, jumbo, and government programs (FHA, VA, USDA, DPA, Bond, Non‑QM). Proficiency with DU/LP/GUS and/or other major LOS software; Encompass preferred. Ability to calculate income. Strong verbal and written communication skills. Creative problem solving with a positive attitude. Excellent prioritization, multitasking, and organizational skills. Professional demeanor with a sense of urgency and responsiveness. Availability to work full time (40 hours per week). All information is kept confidential in accordance with EEO guidelines.
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Summit Funding, Inc. is one of the oldest privately owned top 50 national mortgage lenders. Founded in 1995 by CEO Todd Scrima, the company focuses on being the best rather than the biggest. Its growth mindset, positive culture, and stability make it a leader in the mortgage industry. Benefits and Perks
Competitive compensation structure Professional and financial growth through building teams Professional coaching and mentoring Full benefits including 401(k) with match Top producers invited annually to a Leaders Club all-inclusive 5‑star vacation Job Title
Loan Processor – Loan Coordinator Job Description
This role is for an experienced Loan Originator Assistant or Loan Processor who thrives on borrower interaction. The successful candidate will process conventional and government loans efficiently, working directly with borrowers, referral partners, loan officers, underwriting, and closing teams. The position is based in Sacramento or Lodi with a hybrid‑remote or fully remote option for eligible candidates. Starting pay ranges from $28–$32 per hour, plus per‑file bonuses. The schedule is Monday through Friday, typically between 7–9 a.m. and 3:30–6 p.m. Pacific time, with occasional overtime and weekend work. Responsibilities
Resolve escrow issues independently when possible. Receive loan applications, obtain credit information, and collect all required documentation. Disclose loan details, answer borrower questions, or refer to loan officer as needed. Verify completeness of loans and submit to underwriting within 24 hours of document receipt. Clear conditions that require communication with title companies, appraisers, employers, surveyors, etc. Prepare Closing Disclosure (CD) items, ensuring timely delivery to meet the escrow closing deadline. Ensure closing instructions and documents are released to title 72 hours before closing and the final settlement statement is provided to the loan officer or team 48 hours prior. Review closing statements against the Good Faith Estimate, correcting discrepancies. Meet clients to sign loan documents and manage correspondence, including thank‑you cards and cost calculations. Coordinate closing details with clients. Maintain detailed conversation logs for each file. Qualifications
Minimum of 2 years recent experience in mortgage lending, preferably in processing. Knowledge of loan program guidelines, including conventional, jumbo, and government programs (FHA, VA, USDA, DPA, Bond, Non‑QM). Proficiency with DU/LP/GUS and/or other major LOS software; Encompass preferred. Ability to calculate income. Strong verbal and written communication skills. Creative problem solving with a positive attitude. Excellent prioritization, multitasking, and organizational skills. Professional demeanor with a sense of urgency and responsiveness. Availability to work full time (40 hours per week). All information is kept confidential in accordance with EEO guidelines.
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