SME-Loan Originations

Job Profile Summary: The Loan Processor 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