NewFed Mortgage Corp. is dedicated to making the mortgage process smooth and service-focused for borrowers and their team. The Loan Setup Coordinator plays a vital role in supporting the loan lifecycle by ensuring files are organized and loan processes move efficiently, while gaining valuable experience in mortgage operations.
Responsibilities
- Order and track appraisals, title commitments, flood certifications, FHA Case Numbers, VA Certificates of Eligibility, and other loan-level verification
- Prepare and deliver accurate, TRID-compliant initial disclosures in accordance with regulatory timelines and company policy
- Track outstanding items, follow up with vendors and internal teams, and ensure timely completion of third-party orders
- Review incoming documentation for completeness and accuracy to ensure loans are properly set up for processing
- Communicate with loan officers, processors, and production partners to provide updates on loan setup status
- Respond to internal team inquiries and provide status updates by phone and email, in collaboration with processing and sales teams
- Ensure loan set-up activities align with company policies, TRID requirements, and applicable regulations
- Assist with ongoing projects and other administrative tasks such as scheduling, report preparation, correspondence, and other clerical responsibilities
Skills
- Education: High school diploma or equivalent
- Tech-Savvy: Comfortable navigating the internet and vendor systems to research, order, and track documentation
- Communication Skills: Clear and professional in both verbal and written communication to ensure accurate information exchange
- Proficiency in Microsoft Office: Intermediate skills with Word, Excel, and Outlook to complete documentation, tracking, and correspondence
- Data Entry & Accuracy: Efficient and accurate when entering data into systems to maintain reliable records
- Follow-Up Skills: Persistent and organized in tracking outstanding items to ensure timely completion of tasks
- Work Under Pressure: Able to perform efficiently and accurately when faced with tight deadlines or competing priorities
- Mortgage Industry Knowledge: Familiarity with TRID, industry processes and terminology is helpful, though not required
Benefits
- Full-time employees are eligible for benefits and 401(k) participation starting the first of the month following 30 days of employment.
- Includes vacation time, sick time, personal time, and company holidays to support a healthy work-life balance.
- 401(k) Plan: Features a company match to support long-term financial goals.
Company Overview
NewFed Mortgage Corp. is a real estate company that provides housing lending services. It was founded in 2001, and is headquartered in Danvers, Massachusetts, USA, with a workforce of 51-200 employees. Its website is http://newfed.com.