Consumer Loan Processor III in Lexington, Massachusetts | DiversityInc Careers
 
This job has expired and you can't apply for it anymore. Start a new search.

Consumer Loan Processor III

Job Description
The Consumer Loan Processor III is primarily responsible for providing support to the lending areas by reviewing the accuracy of mortgage and consumer loans from conditional approval to closing.Job Requirements
• Contacts customers directly to obtain conditions placed by lender or mortgage underwriter
• Prepares required loan documentation for approved loan applications such as disclosures
• Provides support to customers, branches, and lending staff as needed
• Contacts customers to collect and review additional information as necessary.
• Answers phones in queue as well as personal line to assist customers
• May test new systems and documentation software
• May assist in training of Loan Processor I and II
• Processes all specialty products
• Reviews and verifies all required support materials, such as, titles, and floods to ensure the files are ready for closing
• Does NOT negotiate terms and conditions of loan
• Must be eligible for employment under regulatory standards applicable to the position
Qualifications
• HS Diploma or GED required
• 1-3 years loan documentation experience
• 1-3 years loan processing experience preferred
• Knowledge of Bank loan products and policies
• Knowledge of lending software
• Detail-oriented with ability to multitask
• Ability to handle heavy workload and meet stringent deadlines
• Excellent oral and written communication skills, with ability to interact effectively with all customers, both internal and external
• Solid knowledge and understanding of states’ regulations
• PC skills
• Ability to work a flexible schedule (rotation of nights and/or weekends)
• This position falls within the definition of Loan Originator as defined under Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36, and the definition of Mortgage Loan Originator as defined under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C. §§ 5102 et seq., and its implementing regulations, 12 CFR Part 1007.
• Must be eligible for employment with a covered financial institution under the standards established by Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36.
• Must be eligible for registration as a registered mortgage loan originator with the NMLS (Nationwide Mortgage Licensing System and Registry) in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C. §§ 5102 et seq., and its implementing regulations, 12 CFR Part 1007.
• A satisfactory criminal background check, credit report, and statements from job applicant regarding administrative, civil, or criminal findings by any government agency are required by federal law for this position.