Loan Processor

• Provide support to the lending areas by reviewing the accuracy of consumer and mortgage loans from conditional approval to closing.
• Take applications, arrange consumer credit transactions, assist consumers in applying or obtaining consumer credit, offer or negotiate consumer credit, and obtain or make an extension of consumer credit for another person.
• Contact customers directly to obtain conditions placed by lender or underwriter.
• Review all required support materials, such as titles, and flood certifications to prepare files for closing.
• Prepare required loan documentation for approved loan applications such as disclosures and Form 4506T.
• Serve as resource and provide support to customers, branches, and lending staff as needed.
• Contact customers to collect and review additional information as necessary.
• Answer phone calls in queue as well as personal line to assist customers.
• Collect and review most conditions placed on loan by lender or underwriter.
• Advise customers regarding changes in rate and term.

Consumer Loan Processor providing support for consumer and mortgage loans

Consumer Loan Processor

Consumer Loan Processor providing support for consumer loans and mortgage approvals. Responsible for reviewing loan accuracy from approval to closing in a hybrid banking environment.

• Providing support to the lending areas by reviewing the accuracy of complex consumer loans from conditional approval to closing.
• Contacts customers directly to obtain conditions placed by lender or underwriter.
• Prepares required loan documentation for approved loan applications such as disclosures.
• Provides support to customers, branches, and lending staff as needed.
• Contacts customers to collect and review additional information as necessary.
• Answers phones in queue as well as personal line to assist customers.
• May test new systems and documentation software.
• May assist in training of Loan Processer I and II.
• Processes all specialty products.
• Reviews and verifies all required support materials, such as, titles, and floods to ensure the files are ready for closing.
• Advises customers regarding changes in rate and term.

Consumer Loan Processor III managing complex consumer loans for TD Bank.

Consumer Loan Processor – III

Consumer Loan Processor III managing complex consumer loans for TD Bank, providing support from conditional approval to closing and handling customer interactions.

• Providing quality customer service by obtaining necessary documentation to underwrite the loan and orders third party documentation by communicating directly with the customer and/or Loan Officer
• Provides proper disclosures when required by applicable local, state, and federal regulations
• Perform a thorough review and analysis of borrower’s credit, employment, income, and assets as required by the loan program before submitting to underwriting
• Assemble the complete loan package in proper order for underwriting
• Verify all required documentation (pre-underwrite) in the file
• Complete the required loan checklist
• Verify that an application is complete and accurate; identify any potential issues that may arise in underwriting
• Prepare a loan approval summary, Forms 1008 and 1003, and ensure the accuracy of all the information printed on the documents; communicate directly with the Loan Originator, customer, and Underwriter to obtain initial and any missing documentation required to qualify for the loan
• Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures
• Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information
• Manage pipeline by completing and submitting reports within allotted turn-around times
• Assist set-up of loans
• Document all communication related to the loan application in the conversation log
• Train and assist supervision of new Loan Processors and other processing personnel
• Assist closing, secondary marketing, and loan servicing to obtain and clear outstanding suspense items from CrossCountry Mortgage investors
• Available to work varying hours and overtime if needed

Loan Processor managing documentation for residential mortgage applications

Loan Processor providing quality customer service in obtaining documentation for underwriting residential mortgage loans. Requires 5+ years of processing experience and knowledge of various loan types.

Loan Processor jobs in New Jersey

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Consumer Loan Processor

Consumer Loan Processor – III

Loan Processor