Mortgage Loan Processor

job
  • Ridgewood
Job Summary
Location
New Hyde Park ,NY 11044
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
15 Nov 2024
Share
Job Description
The estimated starting salary for his position is $59,664-$74,568 per year.
Duties and Responsibilities/Results:
  • Implements the processing of Retail and Wholesale mortgage and consumer loan applications by reviewing new applications submitted into the loan origination system.
  • Prepares loan application for submission to Underwriting.
  • Evaluating housing and debt ratios and determining their acceptability according to all lending policies and/or secondary market guidelines.
  • Ordering and evaluating credit report, appraisal, property report and flood certification, as applicable.
  • Verifying employment/income, asset and any other indebtedness not included in credit reports, as applicable.
  • Reviewing file for accuracy of verified information and completeness of all necessary disclosures as required by federal and state regulations.
  • Updates and maintains accurate and current recorded data into the loan origination systems.
  • Ensures appropriate forms as required have been appropriately obtained and are a component of all application packages.
  • Analyzes loans not meeting lending policies and determine recommendations for non-approval action such as Suspensions, Offers and/or Declines.
  • Prepares revised disclosures as needed and Commitments of approval, in accordance with all lending regulations and ensures delivery to customer, Bank Attorney, and Broker if applicable.
  • Ensure the accuracy of the submission of required HMDA and Compliance data.
  • Ensures the closing process by reviewing committed files to ensure that all documents and outstanding conditions necessary to close the loan are present and accurate.
  • Ensures the integrity of the pipeline by updating expired documents, as well as tracking all expiring commitments and notifying the applicant of the expiration.
  • Ensure a quality loan portfolio by a thorough review and analysis of processed applications and documentation by verifying consistency and accuracy of prepared and broker submitted documents and making the necessary corrections where errors are found; also interact with staff as well as applicants, brokers and attorneys regarding resolution of outstanding issues prior to closing.
  • Assists in resolving problem situations prior to closing by communicating with applicants, consultants, brokers and/or attorneys.
  • Responds to inquiries regarding mortgage and consumer loans via telephone and/or e-mail.
  • Helps out whenever necessary by performing other related duties which may be required from time to time.
Job Specifications:
  • High School Diploma or G.E.D. equivalent
  • Good organizational skills with the ability to communicate and interact effectively with the public, supervisors and other support areas.
  • A minimum of two years related mortgage and consumer loan experience is required.
  • Proficiency with loan origination software, such as LendingPad
  • A knowledge of Federal and State Regulations and Secondary Market requirements as well as internal Bank policies.
  • Strong attention to detail and accuracy
  • Knowledge of Underwriting SONYMA loans beneficial but not required.
Other Smiliar Jobs
 
FT Messenger/ Mail Clerk
  • New Hyde Park, NY
  • 2 Days ago
Mortgage Loan Processor
  • New York, NY
  • 4 Days ago
Mortgage Loan Processor
  • Ocean City, NJ
  • 4 Days ago
Mortgage Loan Processor
  • West Chester, OH
  • 4 Days ago
Mortgage Loan Processor
  • Phoenix, AZ
  • 4 Days ago
Mortgage Loan Processor
  • Frederick, MD
  • 4 Days ago
Mortgage Loan Processor
  • Huntington Beach, CA
  • 4 Days ago
Mortgage Loan Processor
  • Lexington, SC
  • 4 Days ago
Mortgage Loan Processor
  • Fort Washington, PA
  • 4 Days ago
Mortgage Loan Processor
  • Greenville, SC
  • 4 Days ago
Mortgage Loan Processor
  • San Diego, CA
  • 4 Days ago
Mortgage Loan Processor
  • Sugar Land, TX
  • 4 Days ago
Mortgage Loan Processor
  • Fort Lauderdale, FL
  • 4 Days ago
Mortgage Loan Processor
  • Columbia, SC
  • 4 Days ago
Mortgage Loan Processor
  • Phoenix, AZ
  • 4 Days ago