Bridge Loan Processor - Fast Closings, Detail-Driven

Asset Based Lending; New Jersey; On-site; USD 52,000 - 72,000; Full time

Job summary

Asset Based Lending, LLC in New Jersey is seeking a Loan Processor to manage the loan application process from submission to closing. You will ensure efficiency, accuracy, and regulatory compliance, handling RTL Bridge loans and DSCR rental loans, and coordinating with loan originators, underwriters, and title companies.

The ideal candidate has 2–3 years in mortgage operations, strong communication, attention to detail, and the ability to work independently while building strong borrower

Qualifications

• Minimum of 2-3 years of mortgage operations experience, preferably with Bridge loans.
• Strong verbal and written communication skills.
• Team-oriented, adaptable, and accountable.
• Strong attention to detail and organizational skills.
• Ability to prioritize and multitask multiple projects and deadlines.
• Highly motivated and goal-oriented.
• Experience with systems like Salesforce or ability to learn quickly.
• Ability to work independently with minimal supervision.

Responsibilities

• Compile, review, and organize loan packages, including initial conditions and documents.
• Serve as the primary point of contact for borrowers, brokers, and third parties post-application.
• Place orders for third-party documents (title, HOI, appraisal, HOA, etc.).
• Proactively follow up with third parties to obtain required documents.
• Verify borrower, property, credit, and financial information in the LOS for accuracy.
• Identify and document potential issues (e.g., late payments in credit reports) for review.
• Provide timely status updates to Loan Originators, Sales Assistants, brokers, and borrowers.
• Facilitate a seamless loan process by managing applications and documentation.
• Collaborate with internal teams (Loan Originators, Sales Assistants, Underwriters, Team Leaders) and external parties (real estate agents, borrowers, title companies, attorneys, HOI Agents, escrow agents).
• Build and maintain strong relationships with borrowers, guiding them through documentation requirements.
• Review loan approvals and address conditions for Underwriting and Closing teams promptly.
• Meet or exceed service level agreements (SLAs) for turnaround times.
• Collect and verify documentation for Bridge loans, ensuring accuracy.
• Uphold ABL’s core values and consumer-centric model to provide outstanding customer service.
• Coordinate with Sales and Closing teams for timely and accurate updates.
• Schedule and track closing dates, contingency dates, and loan lock expirations.
• Maintain detailed records of loan volume, status, and outcomes (approvals, cancellations, denials).
• Ensure compliance with federal and state lending regulations.
• Perform additional duties as needed.

Skills

Mortgage operations

Bridge loans

Communication

Teamwork

Attention to detail

Organizational skills

Multitasking

Self-management

Salesforce

Tools

Salesforce

Job description

Asset Based Lending, LLC in New Jersey is seeking a Loan Processor to manage the loan application process from submission to closing. You will ensure efficiency, accuracy, and regulatory compliance, handling RTL Bridge loans and DSCR rental loans, and coordinating with loan originators, underwriters, and title companies.

The ideal candidate has 2–3 years in mortgage operations, strong communication, attention to detail, and the ability to work independently while building strong borrower