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Provident Bank · 9 hours ago

Loan Processor II

Woodbridge, NJ

Full-time

Onsite

Entry, Mid Level

$19.38/hr - $24.26/hr

2+ years exp

Provident Bank is a highly regarded financial institution in New Jersey, committed to enhancing customer and employee experiences. The Loan Processor II will perform daily functions associated with processing consumer and residential loan applications, ensuring accuracy and compliance with regulatory guidelines.

Financial Services

Responsibilities

Performs automated processing functions and obtains credit information for new loan applications including the preparation of all necessary disclosures in compliance with regulatory guidelines and timeframes

Review loan applications for accuracy, completeness and conformity to loan programs

Make corrections if necessary

Verify rate/add points, fees, etc

Review credit report/complete red flag checklist

Manage E-Consent, Loan Prospector (LPA)

Disclose Loan Estimate and Intent to Proceed

Order Appraisal/AVM

Process Credit Card

Send out requests for VOEs, Tax Transcripts

Order Fraud reports

Electronically manage all incoming loan documentation, telephone inquiries, problem solving

Interact as needed with branch/bank staff questions and perform various tasks/projects as requested by management

Prepare/send out document check list (“needs” letter) to borrowers

Calculate income and complete income worksheets

Review assets needed for down payment and closing costs

Review/analyze income and assets

Request/review contract for sale of subject property (purchases only)

Update information in LOS based on documentation provided by the borrowers

Assign loan to underwriter for final review/decision

Consumer Loans: read and analyze AVMs

Assists in daily department routine including telephone inquiry and problem solving with customers, relationship managers and branches with questions or concerns. Performs various tasks, projects as requested

Performs automated processing functions and obtains credit information for loan pre-qualifications and applications including the preparation of all necessary disclosures in compliance with regulatory guidelines and timeframes

Orders credit reports, Verifications of Employment (VOEs), tax transcripts and appraisals

Processes credit application fee payments

Tracks and organizes all loan documentation in a timely manner. Inputs application data into system and establishes files. Prepares correspondence relative to completion of file including requests for further documentation and communicates this information with the borrower(s) and mortgage representatives

Performs other duties as needed

Qualification

Loan Origination SystemsRegulatory RequirementsResidential Loan ProcessesWindowsExcelCustomer ServiceInterpersonal SkillsCommunication SkillsOrganizational Skills

Required

High school diploma or GED

2-5 years of related experience

General knowledge of regulatory requirements for residential/consumer loan originations

Computer Literacy: Windows/Excel/Loan Origination Systems

Knowledge of residential loan processes and qualifications for credit worthiness

Ability to organize work and complete tasks on time

Ability to deal with customers and mortgage representatives in a courteous and efficient manner

Good interpersonal, oral and written communication skills

Must be sensitive to regulatory timeframes

Computer literacy: Ability to use PC; Windows, Excel, Loan Prospector and loan origination system (such as Encompass) software programs on a daily basis

This position requires registration with the Nationwide Multistate Licensing System and Registry (NMLS) in compliance with the SAFE Act. Candidates must be eligible to register and maintain active status upon hire