Loan Processor II

Provident Financial Services•Woodbridge, NJ

37d•$19 - $24

About The Position

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees' experience. POSITION OVERVIEW: Under direct supervision, this position performs all daily functions associated with processing a consumer/residential loan application. Should be able to perform many of the duties listed below since it is at the intermediate level of loan coordinator.

Requirements

High school diploma or GED
2-5 years of related experience
General knowledge of regulatory requirements for residential/consumer loan originations
Computer Literacy: Windows/Excel/Loan Origination Systems
Knowledge of residential loan processes and qualifications for credit worthiness.
Ability to organize work and complete tasks on time.
Ability to deal with customers and mortgage representatives in a courteous and efficient manner.
Good interpersonal, oral and written communication skills.
Must be sensitive to regulatory timeframes
Computer literacy: Ability to use PC; Windows, Excel, Loan Prospector and loan origination system (such as Encompass) software programs on a daily basis.
This position requires registration with the Nationwide Multistate Licensing System and Registry (NMLS) in compliance with the SAFE Act. Candidates must be eligible to register and maintain active status upon hire.

Responsibilities

Performs automated processing functions and obtains credit information for new loan applications including the preparation of all necessary disclosures in compliance with regulatory guidelines and timeframes.
Review loan applications for accuracy, completeness and conformity to loan programs
Make corrections if necessary
Verify rate/add points, fees, etc.
Review credit report/complete red flag checklist
Manage E-Consent, Loan Prospector (LPA),
Disclose Loan Estimate and Intent to Proceed
Order Appraisal/AVM
Process Credit Card
Send out requests for VOEs, Tax Transcripts
Order Fraud reports
Electronically manage all incoming loan documentation, telephone inquiries, problem solving
Interact as needed with branch/bank staff questions and perform various tasks/projects as requested by management.
Prepare/send out document check list ("needs" letter) to borrowers
Calculate income and complete income worksheets
Review assets needed for down payment and closing costs
Review/analyze income and assets
Request/review contract for sale of subject property (purchases only)
Update information in LOS based on documentation provided by the borrowers
Assign loan to underwriter for final review/decision
Consumer Loans: read and analyze AVMs
Assists in daily department routine including telephone inquiry and problem solving with customers, relationship managers and branches with questions or concerns. Performs various tasks, projects as requested.
Performs automated processing functions and obtains credit information for loan pre-qualifications and applications including the preparation of all necessary disclosures in compliance with regulatory guidelines and timeframes
Orders credit reports, Verifications of Employment (VOEs), tax transcripts and appraisals
Processes credit application fee payments.
Tracks and organizes all loan documentation in a timely manner. Inputs application data into system and establishes files. Prepares correspondence relative to completion of file including requests for further documentation and communicates this information with the borrower(s) and mortgage representatives.
Performs other duties as needed.

Benefits

Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank's Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

Stand Out From the Crowd

Upload your resume and get instant feedback on how well it matches this job.

Upload and Match Resume