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TD · 16 hours ago

Loan Processor III (US)

Mount Laurel, NJ

Full-time

Onsite

Mid Level

$23.25/hr - $34/hr

3+ years exp

TD is one of the world's leading global financial institutions, and they are seeking a Loan Processor III to provide support in reviewing the accuracy of mortgage and consumer loans from conditional approval to closing. The role involves processing complex loans, ensuring compliance with regulations, and maintaining communication with borrowers and vendors throughout the loan transaction.

BankingFinanceFinancial ServicesWealth Management

Responsibilities

Provides support to customers, branches, and lending staff as needed

May assist in training of Loan Processor I and II

Processes more complex loans such as self-employed income, CEMA, condos and co-ops, Jumbo and Wealth

Provides support to customers, branches and lending staff as needed

Follow all regulations and policies appropriate to lending

Documents all interactions on the loan transaction and is responsible for documenting communications with interested parties

Owns borrower communication on loan file from conditional approval to closing

May order or facilitate ordering for Third -Party needs, responsible for follow up and receipt of HOI, title, 4506T, payoffs, written verifications, subordinations etc

Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission

Validate all documents required by underwriting are present, accurately indexed and meet the stated underwriter requirements

Ensure all data fields required by underwriting are complete

Resolve 3rd party conditions on the loan

Interact with vendors providing service on the loan transaction, obtain necessary documentation including Home Owners Insurance providers, Title companies, Home Owners Associations

Ensure all services required for the loan transaction are ordered timely

Document all interactions on the loan transaction

Process complex loans such as self-employed income, CEMA, condos and co-ops, Government, Right-Step, Jumbo and Wealth

Advanced system industry and process knowledge

May coach and mentor junior processes

May assist junior processors in processing loans

Qualification

Loan documentation experienceLending softwareBank loan productsDetail-orientedCommunication skillsMultitaskSolid knowledge of regulationsPC skillsWork independently

Required

High school diploma or GED

3-5 years loan documentation experience

Knowledge of Bank loan products and policies

Knowledge of lending software

Detail-oriented with ability to multitask

Ability to handle heavy workload and meet stringent deadlines

Excellent oral and written communication skills, with ability to interact effectively with all customers, both internal and external

Solid knowledge and understanding of states regulations

PC skills

Ability to work independently