Mortgage Loan Specialist

2 months ago


Fairfield, New Jersey, United States Kearny Bank Full time
Mortgage Loan Processor Job Description

At Kearny Bank, we are seeking a highly skilled Mortgage Loan Processor to join our team. As a Mortgage Loan Processor, you will play a critical role in ensuring the smooth processing of 1st and 2nd mortgage loans.

Key Responsibilities:
  • Loan Review and Prioritization: Review loans in process daily, prioritizing files based on mortgage contingency dates and rate lock expiration dates.
  • Document Verification: Perform thorough reviews of income, credit, and asset documents to determine eligibility.
  • Communication and Follow-up: Initiate welcome calls and missing items letters within designated Service Level Agreements (SLAs) from receipt of the loan file.
  • Agency Income Calculations: Complete applicable agency income calculation forms accurately.
  • Service Orders: Order services required for the loan process, such as flood certification, appraisal, and automated underwriting.
  • Loan Status Updates: Provide follow-up on a consistent basis with originators, borrowers, the closing department, and agents to complete processing.
  • Customer Support: Respond to inquiries from originators, agents, the closing department, and borrowers regarding the status of loans in process.
  • File Maintenance: Maintain accurate and complete continuing history of the loan file via conversation log entries.
  • Regulatory Compliance: Re-disclose the loan in compliance with applicable changed circumstances.
  • Documentation and Correspondence: Gather various documentation deemed necessary by underwriting and organize/file appropriately for use by the department.
  • Communication and Resolution: Correspond with borrowers, loan officers, and underwriters to keep the process moving and resolve any outstanding issues.
  • File Accuracy: Maintain a complete paperless file through the loan origination software accurately.
  • Guideline Knowledge: Maintain status of all files in process and update as needed; keep abreast of all FHA, VA, and conventional guidelines and changes that may affect loan status.
Qualifications:
  • Education: High school diploma or equivalent required, bachelor's degree preferred.
  • Experience: Two to four years related experience or equivalent.
  • Knowledge and Skills: Thorough working knowledge of real estate documentation, policies, compliance, and procedures.
  • Technical Skills: High level of proficiency with mortgage loan processing and underwriting systems.
  • Communication Skills: Excellent written and oral communication skills.
  • Software Proficiency: MS Office Suite proficiency.
  • Preferred Experience: Experience with Encompass preferred.
  • Customer Service: Excellent customer service skills.
Working Conditions:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Regular attendance and punctuality are essential functions of every job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

While performing the duties of this job, the employee is regularly required to sit, use hands and fingers, handle or feel objects, use tools or controls, reach with hands and arms, talk and/or hear. The employee frequently is required to stand and walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by the job include close vision, distance vision, peripheral vision, color vision, depth perception, and the ability to adjust focus.



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