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Loan Processor (First American International Bank)
Ref No.: 16-08457
Location: Brooklyn, New York
Validate and verify information contained in customer applications. Processes loan files and coordinates follow up activities between loan originator, underwriter and closers. May interact directly with customers to assist loan originator. Maintain physical loan file from application to closing. Enter and update loan related data in the origination system and assemble and verify loan documents for accuracy and authenticity.
  • Provide administrative assistance to Loan Officer (or underwriter) and staff, including updating loan data for entry into the financial institution's origination systems and assembling loan documentation.
  • Ensure that loan files contain documents with proper signatures, dates and other relevant data.
  • Assemble and verify accuracy of loan documentation.
  • Check documents for proper vesting, legal descriptions, closing dates and signatures.
  • Maintain and monitor loan files to ensure required documentation for loan closing.
  • Coordinate resources from other departments necessary to obtain information and document.
  • Monitor for potential fraudulent activity.
Additional Duties and Responsibilities / Projects
  • Senior processors are expected to assist the department manager with training and overseeing processors.
Job Qualifications
  • High school diploma or equivalent.
  • Must have at least 2 years loan origination process experience.
  • Must familiar with Federal and State regulations for residential lending including TRID.
  • Must familiar with Client guidelines.
  • Must familiarity with loan origination process, operations and products and services.
  • Six months to one year experience in an office environment, banking experience preferred.
  • Good attention to detail and strong organization and interpersonal skills.
  • Ability to work with outside investors and portfolio products.
  • Chinese speakers preferred.
Job Type: Full-time
Salary: $50,000.00 /year
Required education:
  • High school or equivalent
Required experience:
  • Client: 1 year
  • Trid: 1 year
  • Loan Processing: 2 years
  • Mortgage: 2 years
ControlID: 14.234.89 SHR