What are the responsibilities and job description for the Loan Set-up Coordinator position at Invictus Capital Partners / Verus Mortgage Capital?
Description
The Loan Setup Coordinator reviews and enters loan credit documents from our seller network to ensure they meet minimum requirements for efficient processing. This role involves correcting data, refining procedures, answering inquiries, maintaining pipeline and Service Level Agreement (SLA) requirements, and submitting loans for Third Party Reviews (TPR). The Setup Coordinator also identifies issues in documents and data to assist the Credit and Collateral teams and performs other related duties as assigned.
This position is based in our Bloomington, MN office and follows a hybrid work model, with 2–3 days per week onsite and the remainder remote.
Responsibilities and Duties:
- Provide initial review and data entry of loan credit documents and data submitted from our seller network to ensure minimum requirements met to facilitate smooth and efficient review by our review team. Documents include applications, credit reports, a variety of income verification documents, asset verifications, and evidence of property value.
- Review data for accuracy and collect or correct as applicable.
- Work with internal counterparts to refine procedures or enhance systems necessary to develop a thorough and efficient process.
- Willingness to work with the Operational team on any other duties necessary to acquire and securitize mortgage loan asset or as assigned by management.
- Answer and resolve internal or external email, phone, or other inquiries
- Maintains a current pipeline and SLA requirements for the position
- Submit loans for TPR review, ensuring all required documents are accurately completed and submitted. Promptly address any issues by coordinating with the Seller and TPR to facilitate resolution
- Identify issues and discrepancies in documents and data to assist Credit and Collateral teams.
- Maintains minimum daily file review/clearing requirements as set by management and SLA Key Performance Indicators (KPIs)
- Performs other related duties as assigned
Education and Experience:
- High School diploma or equivalent
- Minimum of 2 year’s processing experience.
- Individuals must have excellent customer service skills and be comfortable with candor, interaction with other team members, and clients/vendors
- Ability to review loan documents and associate data specific to program and company guidelines
- Ability to identify required conditions for missing requirements and/or data elements to facilitate the submission of a loan in accordance with company guidelines
- Ability to quickly adapt to changes in processes and workflow
- Ability to focus on multiple programs and tasks simultaneously
- High attention to detail
- Excellent organizational and time management skills. Under minimal supervision
- Demonstrated judgment and decision-making ability. Proficient in Windows and Adobe Applications
Key Competencies
- Attention to Detail: Critical for reviewing loan documents, identifying discrepancies, and ensuring data accuracy.
- Analytical Thinking: Ability to interpret loan documentation, spot issues, and support resolution across Credit and Collateral teams.
- Communication: Strong written and verbal communication skills are necessary for handling inquiries and collaborating with sellers, third parties, and internal teams.
- Time Management: Essential for maintaining pipeline volume, meeting SLAs, and balancing multiple priorities in a fast-paced environment.
- Adaptability: Must adjust quickly to changing processes, workflows, and priorities with minimal supervision.
- Customer Service Orientation: A proactive and professional approach to working with internal and external stakeholders, including sellers, vendors, and teammates.
How This Role Demonstrates Our Values
- Integrity: Ensures accurate, compliant, and transparent handling of sensitive loan documents.
- Collaboration: Works cross-functionally with internal teams and external partners to resolve issues and streamline processes.
- Excellence: Meets performance targets with precision and consistency, delivering high-quality work under tight deadlines.
- Critical Curiosity: Proactively identifies discrepancies, asks the right questions, and seeks opportunities for process improvement.
Benefits
- Great compensation package
- Attractive benefits plans and paid time off
- 401(k) w/ company matching
- Professional learning and development opportunities
- And much more!
Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.
Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.
Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.
About Invictus Capital Partners / Verus Mortgage Capital
Verus Mortgage Capital is an independent national mortgage investor. Verus offers its Sellers
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
