S

Santander

Global retail and commercial banking group

Senior Coordinator - Loan Operations

Retail & Commercial BankingPosted on Nov 9
Full-timeSouthington, CT, USA$36.8k - $59k /yr

About the Job

Requirements

  • Proven work experience as a loan processor or in a similar role in the financial sector.
  • Understanding of loan underwriting and processing procedures.
  • Knowledge of relevant legislation and best practices.
  • Proficiency with loan processing software such as Encompass or Nautilus.
  • At least 1 year of experience processing residential or consumer loan transactions.
  • At least 1 year of strong understanding of home loan products and programs, specifically documentation guidelines as per industry standards.
  • Proficient computer skills, including Microsoft Office Suite, Word, PowerPoint, and Excel.
  • Excellent written and verbal communication skills.
  • Ability to work collaboratively within and across teams.
  • Ability to develop concrete solutions to fix root-cause problems.
  • Required high school diploma or General Education Development (GED).

Responsibilities

  • Order vendor verifications, including appraisal, title, verification of employment, verification of deposit, and flood checks; set up loans; process modification and subordination requests; prepare investor stacking orders and initial disclosures; and identify, obtain, and reconcile credit documents needed to process loan applications.
  • Manage loan applications by reviewing and verifying borrower information, collecting required documentation, and ensuring compliance with regulatory standards.
  • Coordinate with stakeholders and act as the borrower's primary contact and advocate, providing timely updates and supporting a positive experience.
  • Liaise between loan officers and underwriters, double-checking lending guidelines and all essential pre-document conditions related to each loan before and after approval.
  • Collect income, asset, contract, appraisal, condominium, credit, and title documents from borrowers, vendors, attorneys, realtors, and other external sources.
  • Review file documentation for missing or erroneous information, and proactively research and correct mistakes independently.
  • Serve as the primary point of contact for borrowers, realtors, correspondent lenders, loan officers, and other stakeholders; keep information accurate and timely and return calls and emails within 24 hours.
  • Work with underwriting and closing to address conditions or obtain additional information; prepare loan documents, including subordinations, modifications, and investor file-stacking orders.
  • Coordinate and participate in pipeline management calls with partners to address issues, and escalate matters requiring attention because of deadlines or client concerns.
  • Perform tasks required for compliance with regulatory requirements, including Customer Identification Program (CIP), Office of Foreign Assets Control (OFAC), appraisal delivery, disclosures, Equal Credit Opportunity Act (ECOA), Fair and Accurate Credit Transactions Act (FACTA), and Home Mortgage Disclosure Act (HMDA).
  • Manage customer service to key productivity metrics and dates, including rate locks, commitment and closing dates, and document expiration dates.
  • Resolve issues promptly and independently, taking ownership and following through to minimize client escalations to management or higher.
  • Assist borrowers in obtaining required documentation by using internet resources, credit agencies, documented employer research, online bank statements, realtors, attorneys, and insurance companies.
  • Coordinate ordering and receipt of key documents from external vendors, including appraisals, condominium documents, credit documents, and verifications; ensure the correct product is ordered and received on time, and review received products to update the loan record.

Desired Qualifications

  • At least 1 year of experience assessing errors or omissions in credit documents, including credit, income, appraisal, condominium, and asset documents.
  • Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

About the Company

Santander

Global retail and commercial banking group

Santander is a global bank focusing on retail and commercial banking in Europe and the Americas, serving individuals and SMEs with regional franchises and a broad consumer finance arm, plus a Corporate & Investment Banking division for multinational clients. It uses its Gravity cloud platform to migrate core banking and rapidly deploy digital services such as Openbank across markets, combining fintech-style agility with a bank's balance sheet. The bank differentiates itself by marrying a large retail footprint with global CIB capabilities under the One Santander verticals model to boost efficiency and cross-border revenue. Its goals include improving returns on tangible equity and financing the green economy through sustainable finance and renewable energy projects.

Company size
10,001+
Company stage
IPO
Headquarters
Boadilla del Monte, Spain
Founded
1902

Recently Posted Jobs

Explore more opportunities at Santander

See more jobs