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Corp Legal - Loan Coordinator at Harbor Group Management

Posted in Management 30+ days ago.

Type: Full-Time
Location: Norfolk, Virginia





Job Description:

LOAN COORDINATOR

JOB PURPOSE

:  A Loan Coordinator, under the supervision of in-house legal staff, will touch every step of the commercial first lien mortgage process from origination to exit, expected to be through a sale to a securitization trust. 



ESSENTIAL DUTIES AND RESPONSIBILITIES:
 



  • Coordinate and communicate with multiple internal departments to facilitate an efficient process to close loans.  

  • Communicate with borrowers and their counsel to collect all borrower application items, property information, due diligence materials, credit authorizations.

  • Collect applicable KYC and AML documentation and deliver to closer/servicer.

  • Coordinate receipt of documents from borrower and review for conformity to servicer requirements.

  • Deliver borrower information to lender counsel, participate in weekly checklist calls; follow up with borrower for any missing items throughout the process.

  • Ensure all required loan/borrower data is collected and delivered to closer/service and warehouse lender, using required electronic platform.

  • Monitor reporting deliverables and confirm timely delivery with internal parties.

  • Monitor deliverables for compliance with securitization exit requirements.

  • Ensure adherence to privacy and cybersecurity protocols.

  • Complete initial quality checks on all borrower documents and advise of any deficiency or discrepancies.

  • Deliver loan closing packages for the servicer and outside counsel review.

  • Liaison with internal and external legal counsel, borrower and servicer in coordinating receipt and review of required documents to expedite closing process.

  • Collect and coordinate invoices for servicer.

  • Post-closing preparation of loan files.

QUALIFICATIONS:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


  • Bachelor's Degree and minimum of 2-4 years' related experience

  • Prior bank loan operations experience and/or paralegal background preferred.

  • Basic knowledge of loan underwriting terminology.

  • Strong written and verbal communication skills. Strong intellect, intellectual curiosity and motivated.

  • Intermediate to Advanced skills in Word, Excel, and SharePoint. PowerPoint skills helpful.

  • Ability to work independently and under critical time constraints.

  • Strong organizational and analytical skills.





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