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Consumer Loan Processor

  • Consumer Loan Processor

    Job Locations
    US-NJ-Oak Ridge
    Posted Date
    3 weeks ago(10/16/2018 3:19 PM)
    Job ID
    2018-2030
    Address
    250 Oak Ridge Rd.
    Category
    Corporate
    City
    Oak Ridge
    Zip Code
    07438
    State
    NJ
  • Duties

    As a Consumer Loans Processor you will be responsible for processing and managing a high volume of Consumer Loans (home equity loans and lines, auto, personal loans, etc.) while meeting time-sensitive deadlines. You will assume the primary responsibility for the loan after receipt from the administrative staff up to clearing the file for the Loan Officer. Reviews loans for missing documents, communicates with borrowers and branches, analyzes the documents and resolves discrepancies in order to prepare the loan for the Loan Officer.

    • Assist clients and branches with submission of necessary documents, and manage the process from preliminary approval to closing.
    • Track support information and ensure the highest quality in loan documentation preparation and timely submission of the loan to underwriting.
    • Read, analyze and interpret loan documents, including various types of financial statements
    • Process information quickly with a high degree of accuracy
    • Research and resolve issues using various resources and process documentation
    • Timely and accurate entry of data into loan origination system
    • Gather, review and analyze necessary data (i. e. income, assets, employment verification, loan application, credit documents, and appraisals, etc.)
    • Provide proactive, timely follow-up to client, supervisor and other department staff
    • Correct errors and investigate inconsistencies
    • Verify and compile application information, review file to verify that data is complete and meets Bank standards
    • Verify accurate federal disclosures as necessary within legal timeframes
    • Perform appraisal, property, flood and judgment search reviews and request corrections as necessary
    • Follow up on conditions and clear loan files for closing
    • Perform any other related duties as required or assigned

    Requirements

    Qaulified candidates must be or possess:

    • Well-organized, able to prioritize, multi-task and work well independently and under pressure, meeting multiple and sometimes conflicting deadlines
    • Excellent communication skills, problem solving abilities, including knowing who to contact for assistance in obtaining resolution
    • Willing and able to abide by all applicable regulatory and department practices and procedures
    • 2 years of previous consumer loan processing experience, including expertise in the following:
      • Compliance knowledge to include ATR/QM and TRID
      • Working knowledge of CRIF ACTion loan origination system and Laser Pro documentation system (or similar systems)
    • Bondable
    • Willing and able to register with the NMLS (Nationwide Mortgage Licensing System)

    Employment Eligibility

    All Lakeland Bank employees must be bondable. FBI background checks are required to confirm eligibility for bonding.

    Note: A guilty plea or criminal conviction will not necessarily preclude employment at Lakeland Bank.

    Scheduled Hours

    Monday through Friday, 8:45am - 5:00pm, 7. 75 hours per day (30 minute unpaid lunch and 15 minute paid break), 38. 75 hours per week. Overtime as may be necessary.



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