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

SPE-Loan Processor