Commercial Mortgage Loan Processor

Ridgewood Savings Bank•Uniondale, NY

About The Position

The Commercial Mortgage Loan Processor is responsible for preparing loan applications for submission to Underwriting, processing loan applications, facilitating loan closings, and maintaining accurate records. This role involves significant interaction with borrowers, attorneys, appraisers, engineers, title companies, and brokers. The position also requires maintaining departmental reports, resolving problem situations, responding to inquiries, and ensuring an efficient workflow within the department. Additionally, the role involves processing checks and wires, managing accounts payable, and providing guidance to other departments in the absence of a supervisor.

Requirements

Minimum of two (2) years experience in the financial service industry, equivalent to two (2) years of college.
Minimum of one (1) year real estate experience.
Ability to work with a PC, including Microsoft Word and Excel.
Strong typing, math and organizational skills.
Good written and oral communication skills.
Demonstrated ability to multitask effectively.

Responsibilities

Setting up and maintaining Commercial Real Estate Loan files.
Assuring all required data is ascertained and analyzed.
Entering relevant loan and property information into the loan origination system.
Ordering credit reports, appraisals, Phase I (if required), and flood certifications.
Reviewing files for accuracy and completeness.
Processing loan applications and facilitating loan closings by interacting with borrowers, attorneys, appraisers, engineers, title companies, and brokers.
Maintaining accurate and current information on all applications by comparing verified information to that originally provided.
Maintaining and updating departmental reports relative to new CRE loan origination.
Resolving problem situations prior to closing by communicating with brokers, borrowers, internal stakeholders, and/or attorneys.
Responding to inquiries regarding mortgage loans by providing requested information via telephone or in person.
Compiling relevant information necessary.
Maintaining an efficient flow of work in the Department by word processing and proofreading reports, documents, forms, letters, memos, special projects, and photocopying.
Processing various checks and wires received and analysis of monthly general ledger accounts.
Ensuring that all bills/expenses are promptly paid by initiating vouchers for payment.
Ensuring an organized method of record keeping and recording all departmental material by updating various manuals and setting up and maintaining files for retention.
Providing guidance to other departments in the absence of supervisor/manager to ensure a continuous flow of work.
Assisting in closing CRE loans as needed.
Performing other related duties as necessary.