Consumer Loan Processor I

TD Bank•Mount Laurel, NJ

8d•Onsite

About The Position

The Consumer Loan Processor I is primarily responsible for providing support to the lending areas by reviewing the accuracy of consumer and mortgage loans from conditional approval to closing. This job is a Loan Originator and performs at least one of the following functions, or advertises or communicates that they can or will perform any of these functions, with an expectation of compensation or monetary gain: takes an application, arranges a consumer credit transaction, assists a consumer in applying or obtaining consumer credit, offer or negotiates consumer credit, otherwise obtains or makes an extension of consumer credit for another person.

Requirements

High school diploma or GED required
0+ years' experience required
Detail-oriented
Ability to handle heavy workload, multitasks, and meets stringent deadlines
Strong oral and written communication skills, with ability to interact effectively with all customers, both internal and external
Strong PC skills
Flexible work schedule (rotation of nights and/or weekends as required)
Working knowledge and understanding of regulations from different states
Must be eligible for employment with a covered financial institution under the standards established by Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36.
Must be eligible for registration as a registered mortgage loan originator with the NMLS (Nationwide Mortgage Licensing System and Registry) in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C. §§ 5102 et seq., and its implementing regulations, 12 CFR Part 1007.
Satisfactory results on a criminal background check and a credit report check, and statements/certification from job applicant regarding administrative, civil, and/or criminal findings by any government agency/authority, are required by federal law for this position.

Nice To Haves

Real estate experience preferred
Document handling experience preferred
Loan processing experience preferred
Home equity sales experience preferred

Responsibilities

Contacts customer directly to obtain conditions placed by lender or underwriter
Reviews all required support materials, such as, titles, and flood certifications to prepare files for closing
Prepares required loan documentation for approved loan applications such as disclosures and Form 4506T
Serves as resource and provides support to customers, branches, and lending staff as needed
Contacts customers to collect and review additional information as necessary
Answers phone calls in queue as well as personal line to assist customers
Collects and reviews most conditions placed on loan by lender or underwriter
Advises customers regarding changes in rate and term.
Maintains regular communication with the customer by phone or email depending on customer preference.
Completes all annual required training on a timely basis.
Accurately document conversations with customers in the loan file
Establishes and follow up on due dates for documentation