Loan Processor Jobs in New Jersey
A Loan Processor in the banking industry serves as an intermediary between the potential borrower and the lending institution. They are responsible for reviewing loan applications, conducting credit research, coordinating with underwriters, and ensuring that the loans are processed in a timely manner. They assess the ability of the applicant to repay the loan, verify the information provided, and prepare documents for closing. The Loan Processor plays a key role in ensuring the smooth running of the loan approval process, that conforms with bank regulations and guidelines.
Important skills for a Loan Processor include excellent communication, attention to detail, quality customer service, and problem-solving abilities. They should be proficient in using loan processing software and have a strong understanding of banking and financial principles. Some of the certifications that could be beneficial are Certified Mortgage Loan Processor (NAMP-CMLP) and FHA Direct Endorsement (DE) Underwriting certification. Prior to becoming a Loan Processor, an individual might have roles such as Loan Officer Assistant, Credit Analyst, or Customer Service Representative in a banking or financial institution.
The Consumer Loan Processor provides support and coordination for Consumer Lending under the direction of the Processing Team Lead....
Minimum of 5 years residential mortgage processing experience. Experience with Encompass....
Ensure loan documentation is complete and complies with credit union policies. Connect with indirect business partners via email or phone on the progress of the loan....
We are building our capacity by hiring a junior mortgage loan processor for our highly productive and skilled lending team....
** Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission....
Responsibilities include but are not limited to: Processes a pipeline of complex FHA, VA, Non-Conforming, and Conforming mortgage transactions. Ensures regulatory compliance with disclosure and...
Review Line of Credit Renewals; review credit memos, offerings and commitment letters for accuracy and conformity to existing loan documentation....
Orders services required for the loan process (i.e.: flood certification, appraisal, automated underwriting etc.)...
As a Loan Processor, your customer service acumen and financial background will allow you to help families purchase high-quality homes in your community....
Demographic Data for New Jersey
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Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in New Jersey
Highest Education Level
Loan Processors in New Jersey offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Commercial Lending
- Account Maintenance
- Fannie Mae
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Encompass
- Mortgage Processing
- Wire Transfers
- Financial Services
- USDA
- Loan Servicing
- Mortgage Servicing
- Underwriting
- Internal Control
- Appraisal
- General Ledger
- File Management
- Real Estate
- Sales Management
- Referrals
- Finance
- Closing
- General Office Duties
- Accounting
- Retail
- High School Diploma
- Verbal Communication
- Written Communication
- Telephone Skills
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Multitasking
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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