Loan Processor Professional

Job highlights

• . May order or facilitate ordering for Third -Party needs,responsible for follow up and receipt of HOI,title,4506T,payoffs,written verifications,subordinations etc. Validate all documents required by underwriting are present,accurately indexed and meet the stated underwriter requirements.
• . Proficient PC skills. .

Mortgage Loan Processor I (US)

Job Profile Summary: The Loan Processor I provide support to the lending areas by reviewing the accuracy of consumer and mortgage loans from conditional approval to closing.

Depth & Scope:

• Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission
• Provides support to customers, branches and lending staff as needed
• Follow all regulations and policies appropriate to lending
• Documents all interactions on the loan transaction and is responsible for documenting communications with interested parties
• Owns borrower communication on loan file from conditional approval to closing.
• May order or facilitate ordering for Third -Party needs, responsible for follow up and receipt of HOI, title, 4506T, payoffs, written verifications, subordinations etc
• Validate all documents required by underwriting are present, accurately indexed and meet the stated underwriter requirements
• Ensure all data fields required by underwriting are complete
• Resolve 3rd party conditions on the loan
• Interact with vendors providing service on the loan transaction, obtain necessary documentation including Home-Owners Insurance providers, Title companies, Home-Owners Associations
• Ensure all services required for the loan transaction are ordered timely
• Document all interactions on the loan transaction
• Process the least complex loans typically Express Agency loans or Home Equity loans
• Rudimentary system, industry, and process knowledge

Education & Experience:

• High School diploma or GED required
• 0-3 years experience required
• Detail-oriented
• Ability to handle heavy workload, multitasks, and meets stringent deadlines
• Strong oral and written communication skills, with ability to interact effectively with all customers, both internal and external
• Strong PC skills

Mortgage Loan Processor II (US)

Job Profile Summary: The Loan Processor II provides support to the lending areas by reviewing the accuracy of consumer and mortgage loans from conditional approval to closing.

Depth & Scope:

• Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission
• Provides support to customers, branches and lending staff as needed
• Follow all regulations and policies appropriate to lending
• Documents all interactions on the loan transaction and is responsible for documenting communications with interested parties.
• Owns borrower communication on loan file from conditional approval to closing.
• May order or facilitate ordering for Third -Party needs, responsible for follow up and receipt of HOI, title, 4506T, payoffs, written verifications, subordinations etc
• Validate all documents required by underwriting are present, accurately indexed and meet the stated underwriter requirements
• Ensure all data fields required by underwriting are complete
• Resolve 3rd party conditions on the loan
• Interact with vendors providing service on the loan transaction, obtain necessary documentation including Home-Owners Insurance providers, Title companies, Home-Owners Associations
• Ensure all services required for the loan transaction are ordered timely
• Document all interactions on the loan transaction
• Process the least complex loans typically Express Agency loans, Condo Pud or Home Equity loans
• May assist in training the Loan Processor I
• Processes some complex loans such as CEMA, condos and co-ops
• Basic system, industry and process knowledge

Education & Experience:

• High School diploma or GED required
• 2+ years loan documentation experience
• Detail oriented
• Working knowledge of Bank loan products and policies
• Knowledge of lending software preferred
• Proven ability to handle heavy workload and meet stringent deadlines
• Solid oral and written communication skills, with ability to interact effectively with all customers, both internal and external
• Working knowledge and understanding of regulations from different states
• Strong PC skills

Mortgage Loan Processor III (US)

Job Profile Summary: The Loan Processor III provides support to the lending areas by reviewing the accuracy of mortgage and consumer loans from conditional approval to closing.

Depth & Scope:

• Provides support to customers, branches, and lending staff as needed
• May assist in training of Loan Processor I and II
• Processes more complex loans such as self-employed income, CEMA, condos and co-ops, Jumbo and Wealth
• Provides support to customers, branches and lending staff as needed
• Follow all regulations and policies appropriate to lending
• Documents all interactions on the loan transaction and is responsible for documenting communications with interested parties.
• Owns borrower communication on loan file from conditional approval to closing
• May order or facilitate ordering for Third -Party needs, responsible for follow up and receipt of HOI, title, 4506T, payoffs, written verifications, subordinations etc
• Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission
• Validate all documents required by underwriting are present, accurately indexed and meet the stated underwriter requirements
• Ensure all data fields required by underwriting are complete
• Resolve 3rd party conditions on the loan
• Interact with vendors providing service on the loan transaction, obtain necessary documentation including Home-Owners Insurance providers, Title companies, Home-Owners Associations
• Ensure all services required for the loan transaction are ordered timely
• Document all interactions on the loan transaction
• Process complex loans such as self-employed income, CEMA, condos and co-ops, Government, Right-Step, Jumbo and Wealth
• Advanced system industry and process knowledge
• May coach and mentor junior processes
• May assist junior processors in processing loans

Education & Experience:

• High school diploma or GED
• 3-5 years loan documentation experience
• Knowledge of Bank loan products and policies
• Knowledge of lending software
• Detail-oriented with ability to multitask
• Ability to handle heavy workload and meet stringent deadlines
• Excellent oral and written communication skills, with ability to interact effectively with all customers, both internal and external
• Solid knowledge and understanding of states regulations
• PC skills
• Ability to work independently

Mortgage Loan Processor IV (US)

Job Profile Summary: The Loan Processor IV provides support to the lending areas by reviewing the accuracy of mortgage and consumer loans from conditional

approval to closing.

Depth & Scope:

• Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission
• Orders and follows up on all Third -Party needs. HOI, title, 4506T, payoffs, written verifications, subordinations etc
• Processes most complex loans such as self-employed income, CEMA, condos and co-ops, Government, Right-Step, Jumbo and Wealth
• Owns borrower communication on loan file from conditional approval to closing.
• May order or facilitates for ordering responsible for follow up and receipt of HOI, title, 4506T, payoffs, written verifications, subordinations etc
• Validate all documents required by underwriting are present, accurately indexed and meet the stated underwriter requirements
• Ensure all data fields required by underwriting are complete
• Resolve 3rd party conditions on the loan
• Interact with vendors providing service on the loan transaction, obtain necessary documentation including Home-Owners
• Insurance providers, Title companies, Home-Owners Associations
• Ensure all services required for the loan transaction are ordered timely
• Document all interactions on the loan transaction
• May assist in training other Loan Processors
• Expert system, industry and process knowledge
• May coach and mento junior processors
• May assist junior processors in processing loans
• May pre-underwrite files
• May function as manager delegate in certain circumstances
• May serve as a subject matter expert for special projects

Education & Experience:

• High school diploma or GED
• 5 plus years loan documentation experience
• Demonstrated knowledge of Bank loan products and policies
• Demonstrated knowledge of lending software
• detail-oriented with the ability to multitask
• Ability to handle heavy workload and meet stringent deadlines
• Outstanding oral and written communication skills, with ability to interact effectively with all customers, both internal and external
• Solid knowledge and understanding of states regulations
• Proficient PC skills