Mortgage Loan Processor

Job Summary:

Kearny Bank is seeking a skilled Mortgage Loan Processor to join our team. As a Mortgage Loan Processor, you will be responsible for processing 1st and 2nd mortgage loans in accordance with established policies and procedures.

Key Responsibilities:

• Loan Review and Processing: Review loans in process daily, prioritizing files according to mortgage contingency dates and rate lock expiration dates.
• Document Verification: Perform a thorough review of income, credit, and asset documents to determine eligibility.
• Communication and Follow-up: Initiate welcome calls and missing items letters within the designated Service Level Agreement (SLA) 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.
• Follow-up and Communication: Provide follow-up on a consistent basis with originators, borrowers, the closing department, and agents to complete processing.
• Loan Status Updates: Respond to inquiries from originators, agents, the closing department, and borrowers regarding the status of loans in process.
• Continuing History: Maintain an accurate and complete continuing history of the loan file via conversation log entries.
• Re-disclosures: Re-disclose the loan in compliance with applicable changed circumstances.
• Documentation and Organization: Gather various documentation deemed necessary by underwriting and organize/file appropriately for use by the department.
• Correspondence: Send necessary documents, such as disclosures, revised disclosures, consumer explanation letters, commitment letters, and flood notices.
• Process Coordination: Correspond with borrowers, loan officers, and underwriters to keep the process moving and resolve any outstanding issues.
• Paperless File Maintenance: Maintain a complete paperless file through the loan origination software accurately.
• File Status Updates: Maintain the 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.

Requirements:

• 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; high level of proficiency with mortgage loan processing and underwriting systems; excellent written and oral communication skills; MS Office Suite proficiency; 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.