Sr. Loan Processor

Madison Mortgage Services Inc.; Village of New Hyde Park (NY); On-site; USD 65,000 - 110,000; Full time

Job summary

An established industry player is seeking a senior loan processor to join their dedicated team of mortgage professionals. This role offers a fantastic opportunity for someone with extensive experience in loan processing and a keen eye for detail. You will be pivotal in guiding borrowers through the mortgage closing process, ensuring all documentation is accurate and compliant with regulatory standards. If you thrive in a collaborative environment and are eager to contribute to a supportive team, this position could be your next career milestone. Join us to leverage your expertise and grow in a rewarding career.

Qualifications

• 2-3 years of experience as a mortgage loan processor is essential.
• Solid knowledge of various residential mortgage loans is vital.

Responsibilities

• Order documentation and maintain mortgage loan files for processing.
• Verify accuracy of loan documentation and ensure compliance with guidelines.
• Serve as main contact for all parties involved in the loan closing process.

Skills

Attention to detail

Customer service

Knowledge of mortgage industry

Loan processing

Education

High school diploma

Bachelor’s degree

Tools

MS Office

Loan Origination Software (LOS)

Automated Underwriting System (AUS)

Job description

We are looking for an experienced senior loan processor to join our tight-knit group of mortgage professionals. The successful applicant will have years of experience in loan processing, excellent attention to detail, and a skilled approach to customer service to help our borrowers navigate the mortgage closing process. We provide the opportunities, the team, and the growth potential to help you achieve your career goals. If this sounds like the ideal job for you, please apply today!

Responsibilities:

1. Order third party documentation and reports for residential home loans, create and maintain the mortgage loan file, and assist in clearing underwriting conditions as requested.
2. Verify the accuracy of all obtained loan documentation, such as title insurance, loan applications, appraisals, credit reports, and income and asset declarations, and provide them promptly to underwriters for loan approval.
3. Confirm that all loan files, credit packages, and disclosure packages comply with company lending policies, as well as state and federal lending guidelines.
4. Input loan file documentation accurately into necessary software programs.
5. Serve as the main point of contact for title companies, real estate agents, mortgage loan officers, borrowers, and mortgage underwriters to facilitate a timely loan closing.

Qualifications:

1. Federal and state home loan regulatory requirements and overall mortgage industry knowledge is essential.
2. Intermediate proficiency with MS Office, Loan Origination Software (LOS), and Automated Underwriting System (AUS) are assets.
3. College (Bachelor’s degree) preferred; high school diploma required.
4. 2-3 years experience with a mortgage company, mortgage banker, or mortgage lender as a mortgage loan processor is needed.
5. Solid knowledge of various residential mortgage loans such as FNMA, FHA, VA, USDA, and Conventional is vital; Commercial loan and Refinance loan knowledge is helpful.
6. Minimum 3-5 years of proven success as a Loan Processor at a mortgage broker, mortgage lender, bank, or credit union working a high volume pipeline.
7. This position is based in Lake Success and is not a remote position.
8. The schedule is Monday - Friday from 9 am to 6 pm.

Compensation:

$65,000 - $110,000 annually