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Loan Processor

AT Addison Group
Addison Group

Loan Processor

Binghamton, NY

Candidate will provide quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission. Will contact borrower and / or institutional mortgage loan officer to collect necessary documentation and act as a liaison between origination staff, underwriters, and customers to effectively close loans.

Location: Long Island, NY

Roles & Responsibilities

  • Responsible for processing loans from set-up to closing by verifying, compiling and entering borrower information in to loan processing systems.
  • Reviews loan application files to verify that all data is complete and meets standards, including the loan type and purpose, borrower assets, liabilities, and employment.
  • Verify and analyze loan documentation including income, credit, appraisal, and title, while maintaining strict compliance with all applicable federal and state regulations.
  • Interact with Mortgage Professionals to obtain information from the borrower or to seek clarification about documents in the loan file.
  • Informs the Processing Manager of discrepancies in the file and obtains direction on how to proceed, as applicable.
  • Record data to track the status of loans in processing.
  • Submit loan application files to underwriting for approval, and creates and mails approval or denial letters to applicants.
  • Submit approved mortgage loan files to closing for settlement.
  • Responsible for handling non-public information (NPI) about borrowers.
  • Adhere to all applicable internal NPI policies and procedures, and protect the confidentiality of borrower information.
  • Performs administrative duties such as faxing, photocopying, filing and phone support, as required, by Loan Processor II and Processing Managers.
  • Minimum 1 year commitment; possible extension to 2 years.
  • Initial on-site work required on Long Island; remote within 3 months.

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Core Requirements
  • High school diploma or GED.
  • Minimum of 1 year experience in mortgage loan processing. Prior experience involving multi-tasking and detail-oriented responsibilities.
  • NMLS ID preferred

Client-provided location(s): Johnson City, NY 13790, USA
Job ID: AddisonGroup-465650
Employment Type: Other