Commercial Mortgage Loan Processor

Description

The estimated salary for this position is $53,199-$66,485/Annually.

Duties and Responsibilities/Results

• Prepares loan application for submission to Underwriting by:

• Setting up and maintaining Commercial Real Estate Loan files.

• Assuring all required data is ascertained and analyzed.

• Entering relevant loan and property information into the loan origination system

• Ordering credit report, appraisal, Phase I (if required), and flood certification.

• Reviewing file for accuracy and completeness.

• Process loan applications and facilitating loan closings by interacting both in person and over the telephone with borrowers, attorneys, appraisers, engineers, title companies and brokers.

• Maintain accurate and current information on all applications by comparing verified information to that originally provided.

• Maintain and update departmental reports relative to new CRE loan origination as necessary.

• Resolve problem situations prior to closing by communicating with brokers, borrowers, internal stakeholders and/or attorneys.

• Respond to inquiries regarding mortgage loans by providing requested information via telephone or in person through use of reference source material.

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• Participate in compiling relevant information necessary

• Maintain an efficient flow of work in the Department by word processing and proof reading reports, documents, forms, letters, memos, special projects and photocopying.

• Process various checks and wires received and analysis of monthly general ledger accounts by comparing departmental records to bank’s general ledger, making changes as required.

• Ensure that all bills/expenses are promptly paid by initiating vouchers for payment through the accounts payable area.

• Ensure an organized method of record keeping and recording all departmental material by updating various manuals and setting up and maintaining files for retention.

• Provide guidance to other departments in the absence of supervisor/manager to ensure a continuous flow of work.

• Assist in closing CRE loans as needed

• Assist when necessary by performing other related duties, which may become necessary from time to time.

Job Specifications

• Minimum of two (2) years experience in the financial service industry, equivalent to two (2) years of college.

• Minimum of one (1) year real estate experience.

• Ability to work with a PC, including Microsoft Word and Excel.

• Strong typing, math and organizational skills.

• Good written and oral communication skills.

• Demonstrated ability to multitask effectively.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.