Job Specifications

  • LocationMount Laurel,New Jersey
  • Published12 hours ago, 2021-05-08T08:11:26Z
  • 2021-05-11Full Time

Loan Processor IV

The Loan Processor IV is primarily responsible for providing support to the lending areas by reviewing the accuracy of mortgage and consumer loans from conditional approval to closing.

• High school diploma or GED
• 5 plus years loan documentation experience
• 5+ years loan processing experience preferred
• Prior experience with Construction loans preferred
• 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 the ability to interact directly and effectively with all customers, both internal and external and TD business partners
• Solid knowledge and understanding of states regulations
• Proficient PC skills
• 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
• Validates all documents required by underwriting are present, accurately indexed and meet the stated underwriter requirements.
• Ensures all data fields required by underwriting are complete
• Resolves 3rd party conditions on the loan
• Interacts with vendors providing service on the loan transaction, obtain necessary documentation including Homeowners Insurance providers, Title companies, Home Owners Associations
• Ensures all services required for the loan transaction are ordered timely
• Documents all interactions on the loan transaction
• May assist in training of more junior Loan Processors
• Must be eligible for employment under regulatory standards applicable to the position.