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Asset Based Lending · 1 day ago

Mortgage Loan Processor

Cherry Hill, NJ

Full-time

Onsite

Entry, Mid Level

2+ years exp

Asset Based Lending, LLC is a leading hard money lender in the U.S. specializing in fast Bridge financing for real estate investors. The Loan Processor manages the loan application process from submission to closing, ensuring efficiency, accuracy, and compliance with regulations while providing exceptional customer service.

LendingReal EstateService Industry

Hiring Manager

Christa Raspante

Responsibilities

Facilitate a seamless loan process by managing applications and documentation

Collaborate with internal teams (Loan Originators, Sales Assistants, Underwriters, Team Leaders) and external parties (real estate agents, borrowers, title companies, attorneys, HOI Agents, escrow agents)

Build and maintain strong relationships with borrowers, guiding them through documentation requirements

Review loan approvals and address conditions for Underwriting and Closing teams promptly

Meet or exceed service level agreements (SLAs) for turnaround times

Collect and verify documentation for Bridge loans, ensuring accuracy

Uphold ABL’s core values and consumer-centric model to provide outstanding customer service

Coordinate with Sales and Closing teams for timely and accurate updates

Schedule and track closing dates, contingency dates, and loan lock expirations

Maintain detailed records of loan volume, status, and outcomes (approvals, cancellations, denials)

Ensure compliance with federal and state lending regulations

Perform additional duties as needed

Compile, review, and organize loan packages, including initial conditions and documents

Serve as the primary point of contact for borrowers, brokers, and third parties post-application

Place orders for third-party documents (title, HOI, appraisal, HOA, etc.)

Proactively follow up with third parties to obtain required documents

Verify borrower, property, credit, and financial information in the LOS for accuracy

Identify and document potential issues (e.g., late payments in credit reports) for review

Provide timely status updates to Loan Originators, Sales Assistants, brokers, and borrowers

Qualification

Mortgage operations experienceBridge loans expertiseLoan origination systemsSalesforce proficiencyCommunication skillsAttention to detailOrganizational skillsTeam-orientedGoal-oriented