Job Description

Job Summary

The Loan Coordinator supports Loan Officers by structuring loan files to align with program and investor guidelines and ensuring applications are accurate, complete, and ready to move efficiently through the loan process. This role is primarily responsible for managing the front end of the pipeline, coordinating documentation, and proactively identifying issues that could impact loan approval or timelines.

The ideal candidate is a quick learner who is highly organized, detail-oriented, and able to manage multiple files at once while maintaining a strong sense of ownership and accountability in a fast-paced environment.

Responsibilities

• Serve as the primary point of contact for borrowers during the application phase, providing clear status updates and proactively addressing questions or issues throughout the loan process
• Collect, review, and organize borrower documentation (ex: income, assets, tax returns, and supporting materials), ensuring accuracy and alignment with program requirements
• Review loan applications and supporting documents for completeness, accuracy, and guideline alignment prior to submission to processing
• Structure loan files and scenarios in partnership with Loan Officers to meet program and investor guidelines and support successful underwriting outcomes
• Coordinate closely with processing, underwriting, and closing teams to ensure loans move efficiently through the pipeline; provide timely pipeline updates to Loan Officers
• Prepare and issue initial loan estimates and required disclosures in compliance with applicable regulations
• Schedule and coordinate closings, working with borrowers, title, attorneys, and internal teams to ensure a smooth closing experience
• Maintain accurate, well-documented loan files and ensure loan origination systems are kept current
• Support Loan Officers with borrower pre-qualification, scenario analysis, and pipeline management to enable focus on sales and relationship-building
• Take ownership of additional responsibilities as needed to support the Loan Officer’s business and ensure an exceptional borrower experience

Qualifications

• Strong organizational and time-management skills with the ability to handle multiple priorities in a fast-paced environment
• High attention to detail and accuracy, with a natural inclination to catch issues before they become problems
• Quick learner who can absorb new information, guidelines, and processes and apply them effectively
• Proactive, dependable self-starter with a strong sense of ownership and follow-through
• Clear, professional communicator who works well with borrowers and internal teams

This is an entry level role located out of our Monsey office with a base salary of $52,000 + bonus

Skills Required