SME-Loan Processor

Job Profile Summary: The Loan Processor 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