Loan Processor IV
TD • Lewiston, ME35d • Hybrid
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Loan Processor IV - Mortgage Lending (HYBRID)
TD•Lewiston, ME
•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. This position will be hybrid, working 4 days per week in the near future. The role involves reviewing all required documents, such as borrower documents, D/U & LP findings, title and HOI for submission, and ordering and following up on all Third-Party needs including HOI, title, 4506T, payoffs, written verifications, and subordinations. The Loan Processor IV handles the most complex loans, including those for self-employed individuals, CEMA, condos and co-ops, Government, Right-Step, Jumbo, and Wealth. They own borrower communication from conditional approval to closing, validate all required documents, ensure data fields are complete, and resolve 3rd party conditions. The role also involves interacting with vendors, ensuring services are ordered timely, documenting interactions, and potentially assisting in training other Loan Processors. This position requires expert system, industry, and process knowledge, and may involve coaching and mentoring junior processors, pre-underwriting files, and functioning as a manager delegate in certain circumstances.
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 the accuracy of mortgage and consumer loans from conditional approval to closing.
- 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, including HOI, title, 4506T, payoffs, written verifications, and subordinations.
- 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.
- Validates all documents required by underwriting are present, accurately indexed and meet the stated underwriter requirements.
- Ensures all data fields required by underwriting are complete.
- Resolves 3rd party conditions on the loan.
- Interacts with vendors providing service on the loan transaction, obtain necessary documentation including Home Owners Insurance providers, Title companies, Home Owners Associations.
- Ensures all services required for the loan transaction are ordered timely.
- Documents all interactions on the loan transaction.
- May assist in training other Loan Processors.
- May coach and mentor 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
- Base salary and variable compensation/incentive awards
- Eligibility for cash and/or equity incentive awards
- 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
- Reward and recognition
- Training programs
- Online learning platform
- Mentoring programs
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
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