girl looking into her desktop
Back to search results

Mortgage Loan Coordinator – Preferred Lending

New Bedford, Massachusetts;

Job Description:

The Mortgage Loan Coordinator (MLC) role is a Preferred Lending sales support position, typically providing dedicated operational and sales support to multiple Credit Solutions Advisors (CSAs). Incumbents may also support office initiatives on a regular basis.

A MLC will be a point of contact for the client and must be able to effectively communicate to the client.  However, a MLC cannot make declination calls. The MLC may partner to perform pipeline reviews to ensure completion of pre and post Initial Credit Decision tasks, receipt of client conditions, including upload and review for potential additional documentation indicated, and Kept Informed Routines.

Tasks include supporting Credit Solutions Advisors throughout the loan process, including collecting additional documents as required by underwriting to ensure timely closing of loans. However, a MLC cannot take applications, quote rates or sell products. They will serve as a liaison between fulfillment and underwriting and the client. MLCs will partner closely with Credit Solutions Advisors to deliver exceptional client care. They will focus on delivering an exceptional client experience through connecting clients to our digital capabilities.

This position may be subject to SAFE Act Registration Requirements. Pursuant to the SAFE Act requirements, all applicants for employment who will be engaged in residential loan mortgage originations (as defined by the SAFE Act) must register with the federal registry system and maintain a status in good standing under the SAFE Act requirements. If at any time the Bank determines that your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to register successfully or to maintain a status in good standing under the SAFE Act will affect your eligibility for continued employment and may result in your immediate termination.

Required skills:

  • Minimum of 1+ years relevant industry experience, such as mortgage processing
  • Knowledge of mortgage product and solutions, including regulatory and product guidelines
  • Strong computer skills including Microsoft Office, with medium to advanced Excel skills and database management
  • Solid time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously
  • Ability to demonstrate excellent communication and ability to build and sustain relationships with clients and partners
  • A true team player and collaborator, translating knowledge and experience into strong and productive relationships internally and externally
  • Results oriented with proven track record of outstanding ability to motivate and influence other to accomplish objectives: present oneself assertively, convincingly and with confidence to establish credibility and respect with others
  • Excellent problem solving skills
  • Must be able to provide evidence of consultative communication and relationship building skills leading to client service, fulfillment and delight in previous roles
  • Dedicated, enthusiastic, driven and performance-oriented; possesses a strong work ethic
  • Highly motivated self-starter, proactive, with intense focus on results. Conveys a sense of urgency to achieve business goals and exceed expectations
  • A respected business partner who adds value to the broader team and can diplomatically handle conflict; demonstrated ability to cultivate effective partnerships with other LOBs
  • Ability to handle ambiguity and adapt to changing circumstances
  • An impeccable reputation for integrity and consistency; must possess sound business ethics acting  in the best interest of the client

Desired Skills:

  • Knowledge of banking (credit and deposit) products and services
  • Familiar with FHA and HUD guidelines
  • Mortgage and processing experience

    Initially you may be required to work from home and/or remotely in this role: 

    Internet Service Provider at home (no public WiFi or Internet)(high speed internet access and a secure or password-protected internet connection)
    Sufficient room to set up a laptop, monitor, keyboard and mouse
    Comfortable space to work for a full shift 
    Quiet, private and SECURE space in which to work

Job Band:

H8

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Mortgage Loan Coordinator (MLC) role is a Preferred Lending sales support position, typically providing dedicated operational and sales support to multiple Credit Solutions Advisors (CSAs). Incumbents may also support office initiatives on a regular basis.

A MLC will be a point of contact for the client and must be able to effectively communicate to the client.  However, a MLC cannot make declination calls. The MLC may partner to perform pipeline reviews to ensure completion of pre and post Initial Credit Decision tasks, receipt of client conditions, including upload and review for potential additional documentation indicated, and Kept Informed Routines.

Tasks include supporting Credit Solutions Advisors throughout the loan process, including collecting additional documents as required by underwriting to ensure timely closing of loans. However, a MLC cannot take applications, quote rates or sell products. They will serve as a liaison between fulfillment and underwriting and the client. MLCs will partner closely with Credit Solutions Advisors to deliver exceptional client care. They will focus on delivering an exceptional client experience through connecting clients to our digital capabilities.

This position may be subject to SAFE Act Registration Requirements. Pursuant to the SAFE Act requirements, all applicants for employment who will be engaged in residential loan mortgage originations (as defined by the SAFE Act) must register with the federal registry system and maintain a status in good standing under the SAFE Act requirements. If at any time the Bank determines that your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to register successfully or to maintain a status in good standing under the SAFE Act will affect your eligibility for continued employment and may result in your immediate termination.

Required skills:

  • Minimum of 1+ years relevant industry experience, such as mortgage processing
  • Knowledge of mortgage product and solutions, including regulatory and product guidelines
  • Strong computer skills including Microsoft Office, with medium to advanced Excel skills and database management
  • Solid time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously
  • Ability to demonstrate excellent communication and ability to build and sustain relationships with clients and partners
  • A true team player and collaborator, translating knowledge and experience into strong and productive relationships internally and externally
  • Results oriented with proven track record of outstanding ability to motivate and influence other to accomplish objectives: present oneself assertively, convincingly and with confidence to establish credibility and respect with others
  • Excellent problem solving skills
  • Must be able to provide evidence of consultative communication and relationship building skills leading to client service, fulfillment and delight in previous roles
  • Dedicated, enthusiastic, driven and performance-oriented; possesses a strong work ethic
  • Highly motivated self-starter, proactive, with intense focus on results. Conveys a sense of urgency to achieve business goals and exceed expectations
  • A respected business partner who adds value to the broader team and can diplomatically handle conflict; demonstrated ability to cultivate effective partnerships with other LOBs
  • Ability to handle ambiguity and adapt to changing circumstances
  • An impeccable reputation for integrity and consistency; must possess sound business ethics acting  in the best interest of the client

Desired Skills:

  • Knowledge of banking (credit and deposit) products and services
  • Familiar with FHA and HUD guidelines
  • Mortgage and processing experience

    Initially you may be required to work from home and/or remotely in this role: 

    Internet Service Provider at home (no public WiFi or Internet)(high speed internet access and a secure or password-protected internet connection)
    Sufficient room to set up a laptop, monitor, keyboard and mouse
    Comfortable space to work for a full shift 
    Quiet, private and SECURE space in which to work

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21048601

Band: H8

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Gardenia Martinez-Milligan

Referral Bonus:

0

Connecticut job seekers

In accordance with Connecticut law:

if you have questions about compensation and general benefits information for this job posting, please email equalpayinformation@bofa.com. This is a dedicated mailbox designed to exclusively support job seekers requesting information under the Connecticut law. Only inquiries for this purpose will receive a reply. For all other inquiries, please review our Frequently Asked Questions.