Temporary Mortgage Loan Processor - Cherry Hill, NJ

What You Will Do

1. Obtain and assemble complete loan package for underwriting; verify all required documentation in the file.
2. Perform the review and analysis of borrower's credit, employment, income and assets as required by specific loan program prior to submitting file to underwriting; update Loan Operating System (LOS) accordingly.
3. Communicate with loan officer, customer, underwriter, closing agent, and third parties necessary to obtain missing documentation required to qualify the loan.
4. Efficiently maintain and control loan pipeline within ECOA guidelines by promptly ordering services, monitoring timelines, and issuing the following documents as needed: Disclosures, Need More Information Letters, Commitment Letters, Statements of Denial, and any other communication to borrower to assure loan applications are processed accurately and in compliance with Bank and regulatory guidelines.
5. Accountable for meeting Key Performance Indicator (KPI) targets for Loan Processor role.
6. Understands compliance with all regulations governing the banking industry, as well as agency guidelines and organization policies.
7. Understands the compliance requirements for Loan Operations to ensure files are maintained in accordance with regulations.

What We Expect of You

• Thorough understanding and ability to process Conventional, FHA, VA and portfolio Mortgage Programs.
• General knowledge of banking regulations, governmental and secondary market requirements.
• Working knowledge of bank products and services or ability to be trained and learn quickly.
• Ability to use prudent decision-making skills.
• Ability to be diplomatic.
• Excellent interpersonal, oral and written communication skills.
• Proficient in Microsoft Office with solid typing skills.
• Flexibility in work schedule.

Your Qualifications

• High school diploma or equivalent.
• A minimum of one year of banking experience, preferably in the Mortgage Department, or a degree in a banking related discipline from an accredited institution.
• Additional coursework in banking, lending, or finance from an accredited institution or internal company training program is preferred.
• Valid NMLS Registration required.

Internal and External Contacts

• Internal contacts principally involve departmental coordinates.
• External contact with borrowers, real estate attorneys, realtors and builders.

Working Conditions/Physical Requirements

Office environment. Ability to operate computer. Ability to communicate in order to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint.