Commercial Mortgage Loan Processor
About The Position
The Commercial Mortgage Loan Processor is responsible for preparing loan applications for submission to Underwriting, processing loan applications, and facilitating loan closings. This role involves maintaining loan files, analyzing required data, entering information into the loan origination system, and ordering necessary reports such as credit reports, appraisals, and flood certifications. The processor will interact with various parties including borrowers, attorneys, appraisers, engineers, title companies, and brokers to ensure accuracy and completeness of files. Additionally, the role requires maintaining updated departmental reports, resolving problem situations before closing, responding to inquiries, and assisting with the compilation of relevant information. The position also involves word processing, proofreading, processing checks and wires, analyzing general ledger accounts, ensuring bills are paid, maintaining organized records, and providing guidance to other departments in the absence of a supervisor. Assistance with closing CRE loans and performing other related duties as needed is also expected.
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
- Prepares loan application for submission to Underwriting by setting up and maintaining Commercial Real Estate Loan files.
- Assures all required data is ascertained and analyzed.
- Enters relevant loan and property information into the loan origination system.
- Orders credit report, appraisal, Phase I (if required), and flood certification.
- Reviews file for accuracy and completeness.
- Processes loan applications and facilitates loan closings by interacting with borrowers, attorneys, appraisers, engineers, title companies and brokers.
- Maintains accurate and current information on all applications by comparing verified information to that originally provided.
- Maintains and updates departmental reports relative to new CRE loan origination.
- Resolves problem situations prior to closing by communicating with brokers, borrowers, internal stakeholders and/or attorneys.
- Responds to inquiries regarding mortgage loans by providing requested information.
- Participates in compiling relevant information necessary.
- Maintains an efficient flow of work in the Department by word processing and proof reading reports, documents, forms, letters, memos, special projects and photocopying.
- Processes various checks and wires received and analysis of monthly general ledger accounts.
- Ensures that all bills/expenses are promptly paid by initiating vouchers for payment through the accounts payable area.
- Ensures an organized method of record keeping and recording all departmental material by updating various manuals and setting up and maintaining files for retention.
- Provides guidance to other departments in the absence of supervisor/manager to ensure a continuous flow of work.
- Assists in closing CRE loans as needed.
- Assists when necessary by performing other related duties.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
