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Addison Group

Loan Processor

3+ months agoBinghamton, NY

Candidate will provide quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission. Will contact borrower and / or institutional mortgage loan officer to collect necessary documentation and act as a liaison between origination staff, underwriters, and customers to effectively close loans.

Location: Long Island, NY

Roles & Responsibilities

  • Responsible for processing loans from set-up to closing by verifying, compiling and entering borrower information in to loan processing systems.
  • Reviews loan application files to verify that all data is complete and meets standards, including the loan type and purpose, borrower assets, liabilities, and employment.
  • Verify and analyze loan documentation including income, credit, appraisal, and title, while maintaining strict compliance with all applicable federal and state regulations.
  • Interact with Mortgage Professionals to obtain information from the borrower or to seek clarification about documents in the loan file.
  • Informs the Processing Manager of discrepancies in the file and obtains direction on how to proceed, as applicable.
  • Record data to track the status of loans in processing.
  • Submit loan application files to underwriting for approval, and creates and mails approval or denial letters to applicants.
  • Submit approved mortgage loan files to closing for settlement.
  • Responsible for handling non-public information (NPI) about borrowers.
  • Adhere to all applicable internal NPI policies and procedures, and protect the confidentiality of borrower information.
  • Performs administrative duties such as faxing, photocopying, filing and phone support, as required, by Loan Processor II and Processing Managers.
  • Minimum 1 year commitment; possible extension to 2 years.
  • Initial on-site work required on Long Island; remote within 3 months.

Core Requirements
  • High school diploma or GED.
  • Minimum of 1 year experience in mortgage loan processing. Prior experience involving multi-tasking and detail-oriented responsibilities.
  • NMLS ID preferred

Job ID: AddisonGroup-465650
Employment Type: Other