Loan Processor IV - Mortgage Lending (HYBRID)

TD • Lewiston, ME

19h • $24 - $34 • Hybrid

About The Position

The Loan Processor IV provides support to the lending areas by reviewing the accuracy of mortgage and consumer loans from conditional approval to closing. Please note the locations associated with this posting. Position will be hybrid 4x per week in the near future.

Requirements

• High school diploma or GED
• 5 plus years loan documentation experience
• Demonstrated knowledge of Bank loan products and policies
• Demonstrated knowledge of lending software
• detail-oriented with the ability to multitask
• Ability to handle heavy workload and meet stringent deadlines
• Outstanding oral and written communication skills, with ability to interact effectively with all customers, both internal and external
• Solid knowledge and understanding of states regulations
• Proficient PC skills

Nice To Haves

• 3-5 years loan processing experience
• Experience processing Government loans, FHA, VA and USDA
• Prior experience with Encompass

Responsibilities

• Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission
• Orders and follows up on all Third -Party needs. HOI, title, 4506T, payoffs, written verifications, subordinations etc
• Processes most complex loans such as self-employed income, CEMA, condos and co-ops, Government, Right-Step, Jumbo and Wealth
• Owns borrower communication on loan file from conditional approval to closing.
• Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission
• May order or facilitates for ordering responsible for follow up and receipt of HOI, title, 4506T, payoffs, written verifications, subordinations etc
• 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
• May assist in training other Loan Processors
• Expert system, industry and process knowledge
• May coach and mento junior processors
• May assist junior processors in processing loans
• May pre-underwrite files
• May function as manager delegate in certain circumstances
• May serve as a subject matter expert for special projects

Benefits

• Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.
• Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
• You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED