Commercial Loan Processor

Description

Responsible for performing various duties to support the loan processing function; coordinating work within the department, as well as with other departments; reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information.

Requirements

• •Work with lenders to assist in the preparation of early and closing disclosures for all loan types.
• •Works closely with all members of the lending & lending support teams, to assist as needed.
• •Prepare loan documents, by entering into the system, for application and closings including all types of loans (Real estate, personal loans, credit lines and business loans.).
• •Order appraisal, lien searches and flood certifications.
• •Assist in the preparation of loan Commitment Letters, when needed.
• •Make sure file meets guidelines of investors, MI companies or RHS guarantee program.
• •Fund FNMA through ULDD and FHLB loan presentment for funding of secondary market income.
• •Prepare monthly report of funding to send to DMI.
• •Help lenders with questions concerning secondary market files.
• •Prepare attorney requisitions.
• •Schedule loan closings as needed.
• •Process and disburse closed loans; organize loan documents in loan folders, maintain progress check list for each mortgage file, maintain incomplete list for secured loans.
• •Make payoffs to local banks, tax claim office, etc. as needed.
• •Maintain complete loan files and work to gather necessary documents/information for completion of files.
• •Assists with Escrow accounts, including disbursement of bills, and Annual Escrow Analysis as needed.
• •Assists in review of loan system changes, form changes, modification changes, etc.
• •Quote and process loan payoffs.
• •Correct loan payment errors.
• •Make changes to repayment schedules and automatic payments when required as well as having the correct documents signed relating to these changes.
• •Check daily billing and reminder notices.
• •Do online transfers and loan payments for customers by phone request.
• •Answer telephone when needed and assist customers with loan information.
• •Comply with all company policies and procedures.
• •Other administrative duties as assigned.