Mortgage Loan Processor - Ridgewood Savings Bank
Lake Success, NY
About the 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.
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.
Source : Ridgewood Savings Bank
