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  • Loan Closing Specialist

    Integrated Resources 4.5company rating

    Loan specialist job in Newark, NJ

    Integrated Resources, Inc., is led by a seasoned team with combined decades in the industry. We deliver strategic workforce solutions that help you manage your talent and business more efficiently and effectively. Since launching in 1996, IRI has attracted, assembled and retained key employees who are experts in their fields. This has helped us expand into new sectors and steadily grow. Job Description This is a loan closing position responsible for coordinating document flow and loan closings for a growing portfolio of secured solar loans with a stable Fortune 500 utility company located in New Jersey. The successful candidate must be familiar with closing residential and commercial loans and must work well in a fast-paced environment. Key Duties · Communicate with loan customers as to closing procedures and answer customer generated questions and interact regularly with state agencies, legal department, and solar contractors. · Coordinate document flow and gather due diligence from closing attorney, borrowers and solar contractors · Review documentation received, solar technical data and site inspection reports for accuracy · Schedule loan closings with borrower · Calculate final loan amount based upon solar technical data and loan commitment amount. · Prepare funding information sheets detailing wiring information and disbursal of loan proceeds · Coordinate with Accounts Payable to process loan disbursals · Organize closing documentation, files and records Essential Qualifications: · Bachelor's degree or equivalent experience. · Minimum of 3 years of loan processing and/or loan closing experience · Knowledge of, or ability to learn quickly, the technical aspect of solar system production · Experience with records and file management · Strong computer skills; in-depth knowledge of MS Office (Word, Excel) and SharePoint Desired: · Basic knowledge of NJ SREC market · Previous experience working in the solar industry with familiarity with technical aspects of solar system generation Manager Must have · Documentation reading · Loan closing residential/commercial · SharePoint, power point, Excel preferred · Solar or utility exp preferred Qualifications Essential Qualifications: · Bachelor's degree or equivalent experience. · Minimum of 3 years of loan processing and/or loan closing experience · Solar or utility exp preferred Additional Information Kind Regards, Pramod Kumar Technical Recruiter Integrated Resources, Inc. DIRECT # - 732-844-8730
    $27k-41k yearly est. 60d+ ago
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  • Mortgage Loan Processor

    Ark Mortgage Inc.

    Loan specialist job in Suffern, NY

    We are seeking a high-performing, results-driven Mortgage Loan Processor to join our dynamic team. This role is pivotal in driving loans efficiently from application to closing while maintaining precision, compliance, and exceptional customer service. The ideal candidate thrives in a fast-paced environment, excels at managing competing priorities, and consistently delivers accuracy, speed, and value to both internal teams and clients. Key Responsibilities Loan File Review & Intake Review new loan applications for accuracy, completeness, and alignment with program and investor requirements. Ensure seamless data entry and updates within internal systems to maintain pipeline integrity. Documentation & Verification Collect, verify, and analyze borrower documentation (income, assets, credit, and property data) with a focus on identifying risks early. Order, track, and manage third-party services such as appraisals, title, verifications of employment, and flood certifications with urgency and accuracy. Proactively resolve documentation discrepancies by collaborating with borrowers, loan officers, and underwriters to maintain smooth file flow. Pipeline & File Management Own a pipeline of multiple active loans, ensuring files progress on schedule and meet all milestones without delays. Deliver clean, complete, and accurate loan packages to underwriting ahead of deadlines. Provide consistent, proactive communication and updates to loan officers, underwriters, and closers, fostering strong cross-department relationships. Compliance & Quality Assurance Uphold strict compliance standards, ensuring all files meet federal, state, investor, and company guidelines. Prepare files for closing by verifying and clearing all conditions, guaranteeing a smooth and timely closing experience. Qualifications Experience: Minimum of 2+ years of proven success as a mortgage loan processor or in a related mortgage operations role. Knowledge: Deep understanding of Conventional and Non-QM lending guidelines, with a proven ability to navigate complex loan scenarios. Skills: Exceptional organizational skills with a track record of handling high-volume pipelines without compromising quality. Advanced time management and prioritization capabilities to consistently meet or beat deadlines. Strong written and verbal communication skills, enabling clear, professional interactions with borrowers, internal teams, and external partners. Proficiency with loan origination and processing systems (e.g., Empower, Encompass, Optimal Blue) preferred. Key Attributes for Success High achiever with a strong sense of ownership and accountability for results. Proactive problem-solver who anticipates challenges and implements solutions swiftly. Team player who thrives in collaborative, high-performance environments. Client-focused mindset, committed to delivering an exceptional borrower experience while protecting the company's interests. This is a hybrid role with a salary range of $60,000 - $75,000.Ark Mortgage Inc. supports and is committed to equal employment opportunity for all personnel. Ark Mortgage Inc. does not discriminate against applicants or employees because of actual or perceived race, color, religion, creed, national origin, ancestry, citizenship status, alienage, sex/gender, pregnancy, childbirth or related medical condition, sexual orientation, marital status, partnership status, predisposing genetic characteristics, genetic information, protected activity (i.e., opposition to prohibited discrimination or harassment, and participation in proceedings covered by the anti-discrimination statutes), age, uniformed service, veterans status, unemployment status, domestic violence victim status, disability or any other category protected by applicable law. All employment decisions are made on a non-discriminatory basis and in compliance with applicable federal, state and local laws prohibiting discrimination in employment. Ark Mortgage Inc. also provides reasonable accommodations, including to qualified individuals with known disabilities, who are pregnant or who suffer from a medical condition due to pregnancy or childbirth, upon request or when made aware of such a need, subject to applicable law. Powered by JazzHR ZhAEjgPWbA
    $60k-75k yearly 13d ago
  • Loan Administrator (Financial Services)

    Northbound Search

    Loan specialist job in Stamford, CT

    A Financial Services firm is looking for a Loan Administrator to join their growing team! The ideal candidate will have at least four years of Agency Loan Operations experience and needs to have recent experience using Loan IQ. The role will include all operational support of Agency Loans including loan processing, review and maintenance. Job Responsibilities: Reconcile monies due and payable to the bank Generating daily and weekly loan activity reports Communicate with customers, banks, and executives Liaise with relevant Operations teams to build/ update deal information into Loan IQ Job Requirements: Previous Loan IQ experience strongly preferred! At least 3+ years of experience in Loan Administration Strong communication skills, as this individual will be communicating with multiple teams Team player/ability to take on additional projects as needed Compensation: $70,000 - $85,000
    $70k-85k yearly 60d+ ago
  • Loan Officer III

    BBCN Bank

    Loan specialist job in Fort Lee, NJ

    * Keep abreast of industry changes, local economic, financial and legislative events which may have an impact on commercial lending activities. * Analyze cash flow, liquidity, profitability, leverage and other financial ratios and be able to come to various conclusions, including evaluation of collateral and other relevant credit information. * Prepare loan presentations that include all pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of borrower's surrounding credits. * Recommend or deny loan requests in conformance with banking regulations and Bank's loan policies and procedures. * Gather documents to perfect the security interest in collateral, if applicable. * Detect early warning signs of problem loans and immediate notification to a supervisor, Chief Credit Administrator, Loan Review, or Loan Servicing. * Monitor loan covenants and conditions per loan agreement and report any violation to manager. * Assist in loan closing and funding including obtaining signatures on loan documents according to the Bank's procedures. * Analyze collateral values and insurance coverage. * Collect loan accounts and overdraft information. * Submit reports of calls made and document customer contact. * Meet customers regularly and seek opportunities to grow relationship. * Conduct site visits and on-site interviews under the supervision of a portfolio manager. * Comply with regulatory requirements including but not limited to: Reg B, HMDA, Bank Secrecy Act, OFAC, and USA Patriot Act, CRA, Privacy, and Security. * Comply with the Bank's security program, including but not limited to: * Review and comply with the End-User Computing Agreement. * Acquire good knowledge on functions and usage of computer systems as related to the assigned job functions. * Be current and knowledgeable in industry's trend in safeguarding the Bank against confidential data leak, identity theft, fraudulent activities, and computer security threats. * Reports suspicious activities to manager, Chief Risk Officer or Information Security Officer. * Mentor junior lending staff. * Occasional local travel is required, as may participate in client meetings with Relationship Managers. * Participate in community organizations and/or events to help the Bank meet its CRA Objectives. * All other reasonable duties as assigned. Job Qualifications/Requirements * Required: 5+ years of commercial lending experience. * Required: Excellent written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone. * Required: Ability to respond effectively to customer complaints or other sensitive inquiries. * Required: Ability to make effective presentations. * Required: Excellent analytical skills including the ability to define problems, collect data, establish facts, and draw conclusions. * Required: Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. * Required: Strong Analytical/Math skills. * Required: Effectively manage multiple deadlines and projects. * Required: Knowledge of bank regulations affecting customer accounts. * Required: Knowledge of lending operations, Note or International Dept policies and procedures. The salary range for this full-time position is $85,000.00 annually - $95,000.00 annually + bonus + benefits Salary ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience. Bank of Hope is an equal employment opportunity employer and does not discriminate on the basis of race, color, gender, religion, age, sexual orientation, genetic information, national or ethnic origin, disability, marital status, veteran status or any other basis protected by federal, state, or local law.
    $85k-95k yearly 56d ago
  • Mortgage Loan Officer

    Normann Staffing

    Loan specialist job in Wallkill, NY

    JOB TITLE: Residential Mortgage Loan Officer (Bilingual) SALARY: $40,000 Base + Commissions (estimated 1st year salary of $100,000 - $120,000) JOB TYPE: Permanent, Full Time PRIMARY FUNCTION: To solicit new mortgage loans and establish relationships that will cultivate a referral system to generate new mortgage loans. Interview prospective loan customers, take loan application along with collection of credit documentation and provide sound service throughout the mortgage loan process through closing. Responsible for adherence to compliance guidelines and to the requirements of federal registration under the SAFE Act. ESSENTIAL JOB DUTIES AND RESPONSIBILITIES: Actively solicit residential mortgage loan leads, to increase loan production and generate sales. Perform Realtor, Attorney, Builder and Financial Planner visits and actively market the Association's mortgage loan products. Attend Chamber of Commerce functions and Community Associations to build relationships and generate a referral system for mortgage loans and banking business in general. Meet or exceed annual mortgage loan sales goals. Meet with prospective mortgage customers, conduct interviews, and take mortgage applications. Assist in coordinating the scheduling of all closings with closing department, Attorney's office and customers and attend closings as needed. Follow up with all loans in process to expedite closings. Stay current on changes to applicable regulations, specifically mortgage/loan related regulations and Bank Secrecy Act requirements. ADDITIONAL JOB DUTIES AND RESPONSIBILITIES: Completion of Bank assigned online training classes. Keeps abreast of all industry trends. Attends training programs, conferences and meetings as required to gain industry knowledge and establish relationships with other professionals in the field of Lending. Performs other duties and special projects as assigned. EDUCATION, CERTIFICATION, EXPERIENCE: High school diploma or equivalent certificate required. Undergraduate degree or equivalent experience preferred. A minimum of two years previous Residential Mortgage Originations experience is required. Must be eligible to register or is registered with NMLS (National Mortgage Licensing System and Registry) KNOWLEDGE, SKILLS, ABILITIES: Excellent verbal and written communication skills. Good presentation skills. Ability to multi-task and handle varying deadlines within a fast-paced work environment. Excellent customer service skills. Ability to understand and apply basic mathematical concepts. Working knowledge of MS Word, Excel and PowerPoint. Bilingual Spanish/English is a plus. WORK ENVIRONMENT: Typically the noise level in the work environment is moderate. Valid Driver's license as Local to Regional travel is required. Will have high volume of interactions in person and over the telephone. Fast-paced environment. May experience occasional job stress in response to job demands. There are no significant hazardous conditions. PHYSICAL DEMANDS: Ability to work long hours and handle stress. Frequently required to sit for prolonged periods of time. Normal range of vision, hearing, and speaking abilities are required. The ability to skillfully operate a computer, telephone and other standard office equipment is required. Travel outside of work location to attend meetings and training programs. Occasionally lift and/or move up to 25 pounds.
    $100k-120k yearly 60d+ ago
  • Loan Officer/Originator

    Forward Mortgage

    Loan specialist job in Fairfield, NJ

    Job Responsibilities Loan Officer/Originator with a primary focus of originating residential mortgages for both homebuyer and refinance clients. This includes prospecting new clientele, gathering accurate and useful information to establish complete applications, and analyzing income/assets/credit/etc. to accurately propose a mortgage solution that meets their needs. Forward Mortgage, LLC is a New Jersey based mortgage broker that is revolutionizing the mortgage experience for our clients. Decades of high-level mortgage experience, combined with cutting-edge technology and a laser-focus on digital and traditional marketing, has birthed a loan process that promotes, not only establishing highly satisfied clients and repeat-business but high levels of success for our employees. Our primary focus is investing in our employees and helping develop their existing mortgage experience to allow them to fit seamlessly into our process and ideology. We understand that we are only as strong as our team. For our employees, this means hands-on training with our veteran staff, concise and common-sense support from our experienced processing department, as well as a competitive marketing budget that allows our loan officers to have constant contact with new potential clients. Skills Required Active & Approved NMLS License, valid in State of New Jersey Self-driven individuals with a sense of urgency and a desire to succeed Strong communication skills; whether phone, e-mail, personal, etc. The ability to sell is crucial. Excellent attention to detail with a focus on urgency while still prioritizing the client's best interest and overall satisfaction Represent Forward Mortgage with integrity and respect, perpetuating the established high-quality brand and mortgage experience offered to all clients and business partners Highly Desired: Relevant experience in the mortgage industry Proven history of success in sales-related positions Proficient in Mortgage Loan Origination Software, i.e. Calyx Point
    $42k-66k yearly est. 60d+ ago
  • Loan Servicing Representative III (Consumer)

    Provident Bank 4.7company rating

    Loan specialist job in Ridgefield, NJ

    How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees' experience. POSITION OVERVIEW: Under close supervision, this position is responsible for performing high-level maintenance and departmental audit functions on commercial loans, commercial real estate loans, construction loans, ready reserve and small business loans. This position is considered at the senior level. Incumbent performs complex routine and non-routine duties of the job. Incumbent is expected to show initiative by training less experienced staff members or take on more challenging and/or complex assignments. KEY RESPONSIBILITIES: Assists with managing various commercial loan servicing activities, including but not limited to application of funds, payment of real estate taxes and customer inquiries. Ensures that areas of responsibility meet required deadlines for both internal and external customers. Evaluates and resolves high priority or complex issues through communication and negotiation with customers. Is responsible for setting up all borrower and financial information for entire portfolio of new loan closings on the appropriate Horizon and ACBS systems. Reads and interprets loan documents and approvals for verification of system accuracy. Tracks all future interest rate adjustments and verifies accuracy of system-generated letters for compliance with loan documents. Alerts management of any upcoming changes where may need special attention. Processes all loan modifications, including extensions of maturity, interest rate adjustments, borrower transfers, etc on entire portfolio. Inputs and verifies that all modified data has been approved by Credit Committee and/or designated loan officer. Administers real estate tax escrow disbursement report for prevention of negative escrow transactions for all loans. Directly contacts local municipalities as needed for clarification of amounts due and resolving any discrepancies regarding borrower real estate tax payments made by The Provident Bank. Responds to all borrower inquiries for reconciliation of escrow transactions. Re-analyzes escrow accounts where deficiencies are noted. Handles entire monthly billing process, which includes assuring that all commercial account bills are generated and mailed to customers. Adheres to finest quality control standards. Contacts borrowers on returned mail items for address verification. Processes all monetary transactions including, monthly payments, fees, payoffs, construction and commercial line/loan advances and pay-downs and performs any corrections and adjustments as warranted. Trains new staff on Bank's policies and procedures needed to perform their respective job function. Perform other duties as assigned by management. MINIMUM QUALIFICATIONS: 5 - 7 years of related experience High school diploma or GED Interpretation of all loan documentation. Ability to exchange information clearly and concisely and to present ideas and report facts. Working knowledge of Horizon System, ACBS System, PC skills. Ability to create Excel Spread Sheet and utilize formulas for creating bills and various reports. Take ownership of workflow and resolve problems with minimal to no supervision. Ability to multi-tasking is imperative. Excellent communication and organizational skills. Strong mathematical background required. WORKING CONDITIONS Work is typically performed in an office environment. Noise levels are usually moderate. Prolonged sitting Lifting from 5 to 10 lbs. (printer paper, storage boxes) Occasional bending or overhead lifting (storing files or boxes) The hazards are mainly those present in a normal office setting. This may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management. Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here. We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law. Pay Details: $22.26 - $27.79 hourly Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs. This role is incentive eligible based upon company, business, and/or individual goal achievement and performance. Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank's Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.
    $22.3-27.8 hourly 13d ago
  • Loan Officer Outside Sales

    Primary Residential Careers 4.7company rating

    Loan specialist job in Parsippany-Troy Hills, NJ

    - Responsibilities/Duties/Functions/Tasks The main function of this position is to proactively solicit new residential mortgage clients, while developing and cultivating a strong business network of referrals. It is the responsibility of a Loan Officer to analyze a borrower's financial and credit data to determine creditworthiness and the probability of financial security in repayment efforts. Originates their own sales by contacting prospective clients, · Develops and maintains referral sources, · Spends at least one or two hours a day, two or more times a week outside of the office (including a home office), originating loans, · Meets with prospective clients at locations other than PRMI's offices, e.g., client's home or other locations, · Meets with clients in person to sell mortgage loan products/packages, · Contact with clients by telephone, mail, and e-mail is adjunct to in-person contacts, · Obtains credit information and necessary documentation for application process, · In-person calls outside of the office on real estate agents and brokers, financial advisors, and other potential referral sources to develop borrower leads, · Engages in marketing and promotional activities in support of their own sales, · Develops new and continued business opportunities and sales leads by cultivating relationships with realtors, builders, bankers, etc. · Develops solid PRMI product knowledge and offers clients the best mortgage products to match client needs · Reviews application information, requesting specific supporting documentation as needed/required based on loan investor guidelines · Analyzes and exercises independent judgment and discretion in advancing PRMI's business objectives and the interests of PRMI's customers regarding significant financial decisions · Carries out major assignments affecting business operations of the employer or the employer's customers through: collecting and analyzing information regarding the customer's income, assets, investments, or debts analyzing applicant data, credit and collateral property value determining which financial products best meet the customer's needs and financial circumstances providing advice to the customer regarding the advantages and disadvantages of available financial products marketing, servicing, or promoting the employer's financial products · Completes necessary continuing education in a timely manner and remains current on local developments and trends within the real estate and mortgage industries · Provides origination services in the state of licensure · Creates and maintains excellent business relationships with referral client base, creating new mortgage lending opportunities · Corresponds, communicates, and coordinates with clients, in-house support staff, and external service providers to facilitate timely closings Qualifications · Sales experience in the mortgage industry is preferred · Familiarity with mortgage processes, procedures, rules, regulations, and compliance · Exceptional customer service skills with a strong attention to detail · Excellent written and verbal communication skills · Strong computer skills to include a working knowledge of MS Office · Ability to comprehend and analyze financial information · Ability to effectively communicate and present complex financial information while fielding and responding to questions from applicants, support staff, and management · Established contact and referral list within the real estate and mortgage industries preferred · Ability to pass a required background check Company Conformance Statement In the performance of assigned tasks and duties all employees are expected to conform to the following: Review and adhere to policies and guidelines contained within the Employee Handbook, including privacy and information security guidelines. Act within delegated authorities and adheres to applicable policy and procedures associated with such authorities. Contribute to establishing a respectful workplace where diversity is critical to innovation and growth. Ensure every action and decision is aligned with PRMI values. Partner with your management team to understand performance expectations and measurements. Effectively utilize feedback and coaching opportunities while seeking to learn and develop within your role at PRMI. Realize team synergies through networking and partnerships across PRMI. Embrace change; act as advocate and role model, promoting an approach of continuous improvement. Maintain a high standard of customer care while actively listening to customers in an effort to understand their views and needs. Take ownership of problems and issues, taking into consideration the breadth of PRMI competencies in providing solutions. Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations. Work effectively as a team contributor on all assignments. Perform quality work within deadlines. Respect client and employee privacy. Maintain eligibility for FLSA classification as Outside Sales Exempt, and complete the bi-annual certification process Work Requirements Each employee must be able to communicate clearly and effectively, utilize a computer, maintain a work schedule, and effectively perform in an office setting. Employment with PRMI requires compliance with and adherence to all applicable mortgage and fair lending laws and regulations as well as PRMI policies. The ability to work extended hours may be required. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
    $33k-54k yearly est. 19d ago
  • Loan Administrator

    Orange Bank & Trust Company 3.5company rating

    Loan specialist job in Middletown, NY

    The Loan Administrator provides sales support driving the closing process and workflow for commercial transactions including new loans, modifications, renewals, extensions, capex advances and construction loans. The Loan Administrator is required to be able to work efficiently in a high volume, fast paces deadline driven environment. This role is responsible for the closing of commercial loans, to satisfy due diligence requirements and ensure compliance with company policies, procedures, credit approval and government regulations. The Loan Administrator ensures data integrity along with closing responsibilities with a high-volume pipeline of all commercial loan types relative to the line of business supported including but not limited to CRE, C&I, Construction, Bought/Sold Participations, SWAPs and other specialized transactions. This position serves as the first line of defense and internal control point of high risk area that directly impacts the Bank's ability to maintain regulatory requirements and standards that comply with credit policy Essential Duties and Job Responsibilities: * Responsible for moving the loan process from approval to funding in accordance with bank polices procedure and regulatory requirements. * Work with Lender and Portfolio Manager to understand transactions and make sure that all relevant documentation is obtained to facilitate a timely closing. Act as liaison between Lender, bank counsel and title companies when necessary. * Analyze internal bank loan approval to determine required due diligence and documentation for each loan transaction ensuring documentation accurately reflects the intentions of the credit approval. * Order all searches including flood and review to ensure compliance with bank policy procedures and requirements. Review and ensure all required insurance including flood in sufficient and in compliance with regulations. * Draft and review loan documents for accuracy to ensure that all standard provisions are included and resolve issues that might impede closing using judgement to involve manager and internal counsel when required. * Coordinate pre-closing requirements with internal and external clients, prepare internal pre-closing checklists. * Confirm all conditions of approval have been met and schedule closings. Prepare fee sheets, set rate, prepare disbursement request forms, review settlement statements and prepare funding wires. * Complete post-closing steps to ensure that all necessary documentation is received. Follow up and clear loan document exceptions, approved post-closing documentation and ensure all recoded documents are received and filed. * Assemble Credit/Loan Files in accordance with the Banks established digital imaging procedures. * Provide back up to Loan Operations functions and other special projects as assigned. EDUCATION, CERTIFICATION, EXPERIENCE: * Minimum 1-2 years-experience in loan administration, loan servicing or other Banking role. * Knowledge of commercial lending terminology and loan types * Familiarity with all phases of loan processing. * Loan documentation experience and basic credit skills required. * Strong communications skills, with the ability to communicate effectively verbally and in writing. * Excellent organizational, time management, and analytical skills. * Strong attention to detail. * Knowledge of commercial real estate, construction, business organizational documents and loan documentation. * Knowledge of State, Federal, and general banking compliance requirements and regulations. * Knowledge of Fiserv Premier, Laser Pro, or Abrigo loan systems. * Excellent Microsoft Excel & Word skills. KNOWLEDGE, SKILLS, ABILITIES: * Review entity documents, such as Operating Agreement for LLC, By-Laws for corporations, Articles of Organization and Partnership Agreements for documenting signature blocks and Certification of Beneficial Ownership. * Prepare, review, and audit commercial loan documents * Ability to generate all required loan documentation within the expected Service Level Agreement (SLA). This includes working with third parties such as title companies, legal counsel, etc. * Knowledge of banking industry regulations, as well as, internal processes and controls, procedures and workflow for commercial loan closings. * Ability to operate effectively in a team environment as well as be able to work independently. * Ability to meet deadlines and work in a fast-paced environment and demonstrate a proven track record of multi-tasking with a strong sense of urgency. * Must be detail oriented and organized with excellent follow-up, written and verbal skills. * Demonstrate ability to apply required regulatory and policy requirements when making decisions WORK ENVIRONMENT: * Office Environment PHYSICAL DEMANDS: * Must be able to lift a minimum of 25lbs Special Note: External and internal applicants, as well as position incumbents, must be able to perform the essential job functions as set forth above. Orange Bank and Trust Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, disability, marital status, military or veteran status or any other legally-recognized protected basis under federal, state or local laws, regulations or ordinances. Upon request, individuals with disabilities may be entitled to reasonable accommodations. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank. Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to perform the essential functions of the job. This job description in no way states or implies that these are the only duties to be performed by an employee. Additional functions and requirements may be assigned by supervisors as deemed appropriate, based on the employee's knowledge, skill and ability as well as his/her mental and physical abilities.
    $48k-61k yearly est. 50d ago
  • Loan Processor

    Crosscountry Mortgage 4.1company rating

    Loan specialist job in New City, NY

    CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 7,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture. A culture where you can grow! CCM has created an exceptional culture driving employee engagement, exceeding employee expectations, and directly impacting company success. At our core, our entrepreneurial spirit empowers every employee to be who they are to help us move forward together. You'll get unwavering support from all departments and total transparency from the top down. CCM offers eligible employees a competitive compensation plan and a robust benefits package, including medical, dental, vision, as well as a 401K. We also offer company-provided short-term disability, an employee assistance program, and a wellness program. Position Overview: The Senior Loan Processor is responsible for providing customer service by obtaining necessary documentation to underwrite the loan and ordering third party documentation by communicating directly with the customer and/or loan officer. The Senior Loan Processor provides proper disclosures when required by applicable local, state, and federal regulations. Job Responsibilities: Perform a thorough review and analysis of borrower's credit, employment, income, and assets as required by the particular loan program before submitting to underwriting. Assemble the complete loan package in proper order for underwriting. Verify all required documentation (pre-underwrite) in the file. Complete the required loan checklist. Verify that an application is complete and accurate; and identify any potential issues that may arise in underwriting. Prepare a loan approval summary, Forms 1008 and 1003, and ensure the accuracy of all the information printed on those documents. Communicate directly with the Loan Originator, customer, and underwriter to obtain initial and any missing documentation required to qualify for the loan. Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures. Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information. Verify that vendor orders are complete, invoices received, and in the applicant's E-file. Manage pipeline by completing and submitting reports within allotted turn-around times. Assist set-up of loans. Document all communication related to the loan application in the conversation log. Train and help supervise new loan processors and other processing personnel. Assist closing, secondary marketing, and loan servicing to obtain and clear outstanding suspense items from CrossCountry Mortgage, LLC. investors. Qualifications and Skills: High School Diploma or equivalent. A minimum of 5 years' residential mortgage processing experience. Working knowledge of RESPA regulations and general knowledge of all mortgage and consumer lending regulations, including but not limited to Regulation Z and Regulation B requirements, and loan documents, preferred. Excellent math and analytical skills. Excellent communication skills. Ability to prioritize and meet deadlines. Available to work varying hours and overtime if needed. Encompass experience. This is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position. Pay Range: Hourly Rate: $27.00-$33.00 Eligible for monthly bonus incentive. The posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position CrossCountry Mortgage, LLC offers MORE than a job, we offer a career. Apply now to begin your path to success! careersatccm.com CrossCountry Mortgage, LLC strives to provide employees with a robust benefit package: ********************************** California residents: Please see CrossCountry's privacy statement for information about how CrossCountry collects and uses personal information about California applicants. CrossCountry Mortgage supports equal employment opportunity in hiring, development and advancement for all qualified persons without regard to race, color, religion, religious creed, national origin, age, physical or mental disability, ancestry, marital status, uniformed service, covered veteran status, citizenship status, sex (including pregnancy, childbirth, and related medical conditions, and lactation), sexual orientation, gender identity, gender expression, transgender status, domestic violence victim status (where applicable), protected hair style or texture, genetic information (testing or characteristics), or any other protected status of an individual or because of the individual's association with a member of a protected group or any other characteristic protected by federal, state, or local law (“Protected Characteristics”). The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities and talent that our employees invest in their work represents a significant part of not only our culture, but our reputation. The Company is committed to fostering, cultivating and preserving a culture that welcomes diversity and inclusion. CrossCountry Mortgage, LLC (NMLS3029) is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. To verify licensing, please visit ***************************
    $27-33 hourly Auto-Apply 1d ago
  • Full Time- Mortgage Loan Officer (MLO)

    Welcome Home Mtg LLC

    Loan specialist job in Hackensack, NJ

    Job DescriptionJob Highlights Candidates should have experience directly related to Sales NMLS LICENSE IS REQUIRED . PREVIOUS EXPERIENCE IS REQUIRED Responsibilities Primary duty is marketing & Sales Self-Motivated Build Referral Contacts Job Type: Full-time Pay: 100% Commission Pay Schedule: Flexible Schedule Hybrid Position Available Language: Spanish (Preferred) but not required License/Certification: NMLS MLO LICENSE IS REQUIRED ! Welcome Home Mtg, LLC dba Welcome Home Mortgage ************ *********************** NMLS #2688555 Powered by JazzHR FpKRYePCd4
    $42k-66k yearly est. Easy Apply 20d ago
  • Loan Servicing Representative III (Consumer)

    Provident Financial Services 4.5company rating

    Loan specialist job in Ridgefield, NJ

    How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees' experience. POSITION OVERVIEW: Under close supervision, this position is responsible for performing high-level maintenance and departmental audit functions on commercial loans, commercial real estate loans, construction loans, ready reserve and small business loans. This position is considered at the senior level. Incumbent performs complex routine and non-routine duties of the job. Incumbent is expected to show initiative by training less experienced staff members or take on more challenging and/or complex assignments. KEY RESPONSIBILITIES: * Assists with managing various commercial loan servicing activities, including but not limited to application of funds, payment of real estate taxes and customer inquiries. Ensures that areas of responsibility meet required deadlines for both internal and external customers. Evaluates and resolves high priority or complex issues through communication and negotiation with customers. * Is responsible for setting up all borrower and financial information for entire portfolio of new loan closings on the appropriate Horizon and ACBS systems. Reads and interprets loan documents and approvals for verification of system accuracy. Tracks all future interest rate adjustments and verifies accuracy of system-generated letters for compliance with loan documents. Alerts management of any upcoming changes where may need special attention. * Processes all loan modifications, including extensions of maturity, interest rate adjustments, borrower transfers, etc on entire portfolio. Inputs and verifies that all modified data has been approved by Credit Committee and/or designated loan officer. * Administers real estate tax escrow disbursement report for prevention of negative escrow transactions for all loans. Directly contacts local municipalities as needed for clarification of amounts due and resolving any discrepancies regarding borrower real estate tax payments made by The Provident Bank. Responds to all borrower inquiries for reconciliation of escrow transactions. Re-analyzes escrow accounts where deficiencies are noted. * Handles entire monthly billing process, which includes assuring that all commercial account bills are generated and mailed to customers. Adheres to finest quality control standards. Contacts borrowers on returned mail items for address verification. * Processes all monetary transactions including, monthly payments, fees, payoffs, construction and commercial line/loan advances and pay-downs and performs any corrections and adjustments as warranted. * Trains new staff on Bank's policies and procedures needed to perform their respective job function. * Perform other duties as assigned by management. MINIMUM QUALIFICATIONS: * 5 - 7 years of related experience * High school diploma or GED * Interpretation of all loan documentation. * Ability to exchange information clearly and concisely and to present ideas and report facts. * Working knowledge of Horizon System, ACBS System, PC skills. * Ability to create Excel Spread Sheet and utilize formulas for creating bills and various reports. * Take ownership of workflow and resolve problems with minimal to no supervision. * Ability to multi-tasking is imperative. * Excellent communication and organizational skills. * Strong mathematical background required. WORKING CONDITIONS Work is typically performed in an office environment. Noise levels are usually moderate. * Prolonged sitting * Lifting from 5 to 10 lbs. (printer paper, storage boxes) * Occasional bending or overhead lifting (storing files or boxes) * The hazards are mainly those present in a normal office setting. This may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management. Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here. We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law. Pay Details: $22.26 - $27.79 hourly Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs. This role is incentive eligible based upon company, business, and/or individual goal achievement and performance. Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank's Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.
    $22.3-27.8 hourly 20d ago
  • Condominium Review Specialist - Residential Mortgage

    Kearny Bank 4.4company rating

    Loan specialist job in Fairfield, NJ

    Responsible for evaluating and approving condominium projects for the Residential Mortgage Department in accordance with federal agency guidelines (e.g., Fannie Mae, Freddie Mac and Federal Housing Administration (“FHA”)). Ensure condominium projects meet eligibility criteria for mortgage financing and mitigate risk by identifying potential issues related to project documentation, financial stability, insurance coverage and legal compliance. Responsibilities Review and analyze condominium project documentation including budgets, insurance certificates, legal documents (e.g., declarations, bylaws), and meeting minutes. Determine project eligibility based on federal agency-specific guidelines and applicable secondary market overlays. Communicate with lenders, project managers and internal stakeholders to obtain missing or clarifying documentation. Maintain accurate records of project reviews and decisions in the loan origination system. Collaborate with Operations staff to ensure consistent application of agency standards. Stay current with changes in federal agency guidelines and industry best practices. Provide training and support to underwriting staff on condominium review procedures. Identify and escalate complex or high-risk projects to senior staff or management. Qualifications HS diploma or equivalent required. Minimum 3 - 5 years of experience in either mortgage underwriting, project view or related field. Agency-specific condo review training or certification preferred. Experience with agency condominium review processes (Fannie Mae, Freddie Mac, FHA, Veterans Affairs (“VA”) strongly preferred. Proficiency in loan origination systems (“LOS”) and document management platforms strongly preferred. MS Office proficiency required. Familiarity with agency portals and condo review tools. Excellent written and verbal communication 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 qualified individuals with disabilities to perform essential functions. COMPENSATION: $65,000 to $85,000
    $65k-85k yearly Auto-Apply 60d+ ago
  • Reverse Mortgage Closer

    Longbridge Financial

    Loan specialist job in Mahwah, NJ

    Longbridge Financial is an innovative company committed to responsibly helping seniors use home equity to have a better retirement. We work together with reputable companies in the financial services industry and anticipate rapid expansion and opportunities for personal and professional growth while moving into exciting new directions for the reverse mortgage business. If you are interested in taking the next step in your career and helping to build the foundation of an exciting company, this role could be a perfect fit. Job Description The Closer must make sure all required items for the loan file are obtained/collected at the time of funding in order to be able to submit the loan to the investor and to be sent out for the HUD Insuring process. The Closer will work with Correspondent Partners, Title companies, Sales Advisors, Attorneys, etc….on a daily basis. Job Functions: •Ensure that all loans meet guidelines for quality and regulatory compliance and investor closing standards are met •Gather all required forms and conditions required to close and fund the loan •Audit initial documents and file based on audit procedures. •Review title information, sales comps and LOS information for accuracy and to identify potential qualification issues •Establish and maintain a thorough knowledge of all products and investor requirements to ensure quality closing packages and salability to the Investor. •Run calculations on a reverse mortgage calculator to customize application packages based on client qualification. •Assemble client portfolios and audit portfolio based on procedures. •Prepare all closing documents required to close mortgage loans, ensuring documentation is complete and accurate; follow up with any discrepancies. •Audit closing documents and file based on audit procedures. •Prepare and explain closing requirements to settlement agent as needed. •Receive document package from settlement agent and review and clear all prior to funding conditions. •Audit funding documents and file based on audit procedures. •Determine any additional funding conditions that are need to meet lender, investor, or HUD guidelines. •Prepare and deliver funding package based on funding procedures. •Perform client, settlement agent, processor, or client relations follow-up as needed. •Coordinate shipping and receiving of documents to loan advisors, settlement agents, and wholesale partners, as needed. Qualifications Qualifications •Minimum of three years as a closer, funder or doc drawer •Reverse mortgage industry experienced preferred •Ability to prepare routine administrative paperwork •Organizing and coordinating skills •Ability to develop and maintain files and records •Skill in the use of personal computers and related software applications, specifically Internet Explorer, Microsoft Outlook, and Microsoft Word •Knowledge of customer service standards and procedures •Good customer service skills and reliable •Individual must be extremely detailed oriented and work well under pressure, meeting multiple and conflicting deadlines •Must at all times demonstrate cooperative behavior with colleagues and supervisors Additional Information Full benefits 401(k) with company match. Paid time off. Potential growth within a growing organization. We promote from within Working in a growing and dynamic industry
    $41k-54k yearly est. 1d ago
  • Loan Officer (Brick City Capital Division)

    Leverage Companies

    Loan specialist job in Newark, NJ

    The Loan Officer specializes in residential business purpose loans. This role involves originating, structuring, and managing complex mortgage transactions, demonstrating an in-depth understanding of industry trends, market conditions, and regulatory requirements. The Loan Officer, with a proven track record, will drive successful loan origination and contribute significantly to the growth and profitability of the lending firm. The anticipated annual base cash compensation for this role is $40,000 per year. This role also has a variable cash compensation component, making the total on-target cash compensation from $120,000 - $200,000+ per year. What you will do: Advanced Loan Structuring: Collaborate closely with underwriting teams to develop sophisticated loan structures that align with the financial goals of both the borrower and the lending firm. Manage the advanced structuring of residential business purpose loans, with a focus on optimizing profitability. Expertise in Loans: Demonstrate a wealth of experience in loans, including evaluating the suitability of financing for diverse real estate scenarios. Provide strategic advice to clients on the effective use of loans and coordinate with internal teams to ensure seamless execution. DSCR Analysis: Conduct comprehensive DSCR analysis for loan applications, evaluating the borrower's ability to service debt based on income generated from the property. Offer strategic insights to clients on enhancing DSCR metrics and minimizing risks. Account Management: Manage a portfolio of return clients, ensuring ongoing customer service. Proactively identify and address potential opportunities within the client portfolio, drawing on extensive experience. Collaboration and Leadership: Collaborate seamlessly with internal teams, including underwriting, legal, and compliance, leveraging leadership skills to ensure efficient execution of loan transactions. Provide mentorship and guidance to junior loan officers, sharing a wealth of experience in the lending industry. Market Positioning: Stay at the forefront of industry trends, regulations, and market conditions related to residential business purpose loans Contribute significantly to the development of innovative lending products and strategies, showcasing deep industry knowledge. Outbound Prospecting: Proactive cold and warm prospect outreach to initiate new business and partnerships. Travel with the Company to conferences; create and build new business relationships. What you will bring to the table: We encourage you to apply, even if you don't meet all of the listed criteria. Over 5 years of proven experience in residential business purpose loans. Demonstrated expertise in complex loan structuring, portfolio management, and navigating intricate lending scenarios. In-depth knowledge of market trends, property valuation, and investment analysis. Strong analytical, financial modeling, leadership, communication, and mentoring skills Why join us: A company culture that's quite out of this world. Direct access to executive leadership and strategic decision-making. Opportunity to grab destiny by its horns and to create your own path. Fast-paced, mission-driven environment with serious growth opportunity. A team that values integrity, entrepreneurial spirit, overall excellence, accountability, and ownership. What we look for in all our employees: A demonstrated track record of winning; we never stop at "just enough". An insatiable eagerness to continuously learn and to be coached; we are lifelong learners and always make ourselves available to others to teach us something new. A possession of strong entrepreneurial spirit; we have a burning passion for building something great out of nothing. A big vision for themselves and those around them; we always strive to be the best version of ourselves and help those around us do the same. An unwavering sense of integrity; an individual who embodies the concept of how one does anything is how one does everything. Additional Information Leverage Companies is an equal opportunity and an E-verify employer. We are committed to building a diverse, inclusive, and equitable workforce and do not discriminate based on characteristics of any kind. Leverage Companies is committed to providing reasonable accommodations for any candidates with disabilities who may need assistance during the talent acquisition process. To request a reasonable accommodation, please email ************************ Leverage Companies highly values having employees working in-office to foster a collaborative work environment and company culture. Under certain circumstances, a hybrid working arrangement with a minimum of 3 days in office in Newark, NJ may be arranged.
    $42k-66k yearly est. 60d+ ago
  • Mortgage Loan Processor

    Absolute Home Mortgage Corporation 3.9company rating

    Loan specialist job in Fairfield, NJ

    We are seeking a detail-oriented and organized Mortgage Loan Processor to join our dynamic team. This role is essential in ensuring the smooth and efficient processing of mortgage loan applications, helping clients achieve their homeownership goals while maintaining compliance with industry standards. Key Responsibilities: - Review and verify loan application documents for accuracy and completeness - Collect and analyze financial information from applicants, including credit reports, income statements, and asset documentation - Coordinate with underwriters, lenders, and other stakeholders to facilitate loan approval - Prepare and submit loan packages for approval in a timely manner - Communicate effectively with clients to gather additional information and provide updates on application status - Ensure all loan processing activities comply with federal, state, and company regulations Skills and Qualifications: - Proven experience in mortgage loan processing or related financial services - Strong attention to detail and organizational skills - Excellent communication and interpersonal abilities - Knowledge of mortgage lending guidelines and regulations - Ability to work efficiently under pressure and meet deadlines - Proficiency in loan processing software and Microsoft Office Suite - High school diploma or equivalent; additional certification in mortgage processing is a plus Join our team and be part of a company that values growth, professionalism, and a commitment to providing exceptional service. We offer a supportive work environment and opportunities for career advancement in the mortgage industry.
    $38k-48k yearly est. 60d+ ago
  • Loan Officer

    Caliver Beach Mortgage

    Loan specialist job in Jersey City, NJ

    Do you have strong relationship building skills? Have you built your business largely on referrals? Are you an entrepreneur at heart? If so, then we have an exciting opportunity for you. Become your own boss at Caliver Beach Mortgage!! Description: · Run your business remotely on a P&L basis under the umbrella of Caliver Beach Mortgage! · Uncapped commissions! · Loan products for all borrower types! · Add additional LO's to your team OR act as an individual LO! · Licensed in 28 states and growing! · Administrative, operational and compliance support provided by Corporate! Successful Candidate Attributes: · Proven track record developing referral partner relationships with Realtors, CPA's, Financial Planners, etc. · Maintains a database of past clients for marketing purposes. · History of closing at least 3-5 units per month. Loan Officer Requirements: · An active NMLS/MLO license (required). · Strong knowledge of lending regulations and industry best practices. · Exceptional interpersonal and communication skills. · Analytical mindset with the ability to assess complex financial information. · Sales-oriented mindset with a commitment to achieving targets. · Detail-oriented and organized. · Proficient in relevant software and tools. Caliver Beach Mortgage, LLC is an equal opportunity employer. We are committed to diversity and inclusion in our workplace.
    $42k-66k yearly est. 60d+ ago
  • Commercial Loan Closer

    Blue Foundry Bank

    Loan specialist job in Parsippany-Troy Hills, NJ

    This is the Bank Where Things are Made. Blue Foundry is a bank where businesses are shaped, plans are formed, ideas are refined, solutions are built, and stuff gets done. Blue Foundry is revolutionary, bold, resourceful, roll-up-your-sleeves committed, smart, creative, and fun. A Bank of movers, shakers, and makers…We are a Bank that Gets Things Done. At Blue Foundry Bank we invest in the well-being of our most prized asset…our employees! We provide a robust array of programs and benefits to help employees advance their careers and enhance the quality of their lives. Our experiential learning and development program ensures employees are on track to grow their career as of day one. Position Summary The Commercial Loan Closer plays a pivotal role in managing the loan closing process for diverse commercial loans, including Commercial & Industrial (C&I), Commercial Real Estate (CRE) and Small Business Administration (SBA) loans. This position is crucial in ensuring that all documentation is accurate, complete, and compliant with regulatory standards. The Commercial Loan Closer collaborates closely with internal stakeholders to confirm that all loan terms are met before closing. Additionally, the role requires effective communication and coordination with external partners, including attorneys, title companies, and borrowers, to facilitate a seamless and timely closing experience. This position is integral to the successful execution of commercial loans, reinforcing the bank's commitment to delivering high-quality financial services. The rate of pay is the minimum amount offered for this position. Blue Foundry Bank will compensate employees in a fair and equitable manner, taking into consideration education, skills, current and relevant experience, among other factors this position is eligible for incentive pay based on achievement of company and/or individual goals. In addition, our comprehensive compensation package includes medical, dental, and vision coverage; life insurance, short- and long-term disability insurance; 401(k)/Roth with company match up to 5%; paid time off, and 11 paid holidays; employee referral bonus; and educational reimbursement. Position Requirements High school diploma or equivalent. Bachelor's degree in Business Administration, Finance, Accounting, or a related field Minimum of 2 years in commercial loan closing, loan operations, or related commercial lending experience Experience with various loan types including Commercial Real Estate (CRE), Commercial & Industrial (C&I), construction loans, and SBA loans. Strong understanding of loan documentation, title policies, UCC filings, and loan underwriting practices. Working knowledge of commercial lending regulations (TILA, RESPA, ECOA, etc.). Exceptional attention to detail with strong organizational skills to manage multiple closings. Effective communication skills to collaborate with both internal teams and external parties. Ability to problem-solve and manage issues related to document discrepancies and compliance. Proficient in Microsoft Office Suite and loan processing software. Primary Responsibilities Prepare commitments, extensions, and amendments for all commercial loans. Review and/or prepare loan documents for various products, including commercial real estate mortgages, construction loans, and commercial-industrial loans. Review HUD-1 statements for accuracy. Order and review appraisals, reviews, environmental reports, OFAC checks, credit reports, flood searches, and any other necessary documentation. Coordinate all aspects of the loan closing process with the title company, borrower's attorney, and the bank's review attorney, confirming that all approval conditions have been met for closing. Assist in opening operating accounts for the borrowing entity prior to closing Handle the funding process by preparing vouchers, verifying wire instructions, and collecting necessary documentation for loan disbursement. Verify that all necessary documents have been signed in the appropriate areas post-closing Assist in booking and advancing the loan in the COCC system. Scan executed loan documents into the Identifi system for record-keeping Track and follow up on post-closing documents, including recorded mortgages, assignments of leases, state and county UCCs, and final title policies Manage advances for construction loans by ensuring receipt of inspection reports, title rundowns, active builder's risk and liability insurances, and that taxes are current. Monitor estimated time of arrivals (ETAs) and interest reserve accounts related to construction financing Update ongoing reports related to loan closings and post-closing activities. Assist customers and professionals with any questions regarding the loan closing process All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, LGBTQ, national origin, disability or protected veteran status. Blue Foundry Bank will award an employee referral payment to employees who refer new hires. If the candidate is hired, the referring employee will be eligible to receive referral payment in accordance with the following guidelines: • $100 after the new employee has completed his/her three-month anniversary • $400 after the one-year anniversary Both employees must be employed on the anniversary date of the referred employee in order to receive a referral payment. Monday - Friday, Hybrid Work Schedule, Parsippany, NJ
    $41k-54k yearly est. Auto-Apply 60d+ ago
  • Reverse Mortgage Closer

    Longbridge Financial

    Loan specialist job in Mahwah, NJ

    Longbridge Financial is an innovative company committed to responsibly helping seniors use home equity to have a better retirement. We work together with reputable companies in the financial services industry and anticipate rapid expansion and opportunities for personal and professional growth while moving into exciting new directions for the reverse mortgage business. If you are interested in taking the next step in your career and helping to build the foundation of an exciting company, this role could be a perfect fit. Job Description The Closer must make sure all required items for the loan file are obtained/collected at the time of funding in order to be able to submit the loan to the investor and to be sent out for the HUD Insuring process. The Closer will work with Correspondent Partners, Title companies, Sales Advisors, Attorneys, etc….on a daily basis. Job Functions: •Ensure that all loans meet guidelines for quality and regulatory compliance and investor closing standards are met •Gather all required forms and conditions required to close and fund the loan •Audit initial documents and file based on audit procedures. •Review title information, sales comps and LOS information for accuracy and to identify potential qualification issues •Establish and maintain a thorough knowledge of all products and investor requirements to ensure quality closing packages and salability to the Investor. •Run calculations on a reverse mortgage calculator to customize application packages based on client qualification. •Assemble client portfolios and audit portfolio based on procedures. •Prepare all closing documents required to close mortgage loans, ensuring documentation is complete and accurate; follow up with any discrepancies. •Audit closing documents and file based on audit procedures. •Prepare and explain closing requirements to settlement agent as needed. •Receive document package from settlement agent and review and clear all prior to funding conditions. •Audit funding documents and file based on audit procedures. •Determine any additional funding conditions that are need to meet lender, investor, or HUD guidelines. •Prepare and deliver funding package based on funding procedures. •Perform client, settlement agent, processor, or client relations follow-up as needed. •Coordinate shipping and receiving of documents to loan advisors, settlement agents, and wholesale partners, as needed. Qualifications Qualifications •Minimum of three years as a closer, funder or doc drawer •Reverse mortgage industry experienced preferred •Ability to prepare routine administrative paperwork •Organizing and coordinating skills •Ability to develop and maintain files and records •Skill in the use of personal computers and related software applications, specifically Internet Explorer, Microsoft Outlook, and Microsoft Word •Knowledge of customer service standards and procedures •Good customer service skills and reliable •Individual must be extremely detailed oriented and work well under pressure, meeting multiple and conflicting deadlines •Must at all times demonstrate cooperative behavior with colleagues and supervisors Additional Information Full benefits 401(k) with company match. Paid time off. Potential growth within a growing organization. We promote from within Working in a growing and dynamic industry
    $41k-54k yearly est. 60d+ ago
  • Loan Officer

    Caliver Beach Mortgage

    Loan specialist job in Stamford, CT

    Do you have strong relationship building skills? Have you built your business largely on referrals? Are you an entrepreneur at heart? If so, then we have an exciting opportunity for you. Become your own boss at Caliver Beach Mortgage!! Description: · Run your business remotely on a P&L basis under the umbrella of Caliver Beach Mortgage! · Uncapped commissions! · Loan products for all borrower types! · Add additional LO's to your team OR act as an individual LO! · Licensed in 28 states and growing! · Administrative, operational and compliance support provided by Corporate! Successful Candidate Attributes: · Proven track record developing referral partner relationships with Realtors, CPA's, Financial Planners, etc. · Maintains a database of past clients for marketing purposes. · History of closing at least 3-5 units per month. Loan Officer Requirements: · An active NMLS/MLO license (required). · Strong knowledge of lending regulations and industry best practices. · Exceptional interpersonal and communication skills. · Analytical mindset with the ability to assess complex financial information. · Sales-oriented mindset with a commitment to achieving targets. · Detail-oriented and organized. · Proficient in relevant software and tools. Caliver Beach Mortgage, LLC is an equal opportunity employer. We are committed to diversity and inclusion in our workplace.
    $44k-68k yearly est. 60d+ ago

Learn more about loan specialist jobs

How much does a loan specialist earn in Ramapo, NY?

The average loan specialist in Ramapo, NY earns between $24,000 and $83,000 annually. This compares to the national average loan specialist range of $26,000 to $68,000.

Average loan specialist salary in Ramapo, NY

$45,000
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