East Cambridge Savings Bank’s Lending Division is actively recruiting for
a Senior Loan Processor.
Under the general
direction of the Retail Lending Manager, perform a variety of clerical and administrative
tasks in connection with the processing of Mortgage and Consumer loans.
We are looking for a candidate with:
Knowledge of loan processing policies and procedures
Knowledge of investor guidelines and conventional loans preferred
of 3 years loan processing experience
have excellent organizational, analytical, mathematical and problem-solving
verbal and written communication skills
become a registered MLO in accordance with the S.A.F.E. Act
knowledge of Microsoft Word and Excel
application disposition correspondence including commitment letters, adverse
action notices and corresponding appeal information; maintain status of all
applications for accurate preparation of Pipeline Report; receives and
transmits applicant's commitment to conveyancing attorney.
for compilation, organization and verification of application data including
customer documentation required by statute and underwriting data (VOE, VOD and
credit reports). Order appraisal reports and subsequent reviews and follow up
on documentation for file to ensure receipt, requesting missing
information. Identify mortgage loan
application and documentation problems by highlighting deficiencies and
notifying Underwriter and Manager.
applicant’s financial status, credit and property evaluation to determine
feasibility of granting unsecured and secured loans. Prepare and submit completed loan application
to Underwriter and Retail Lending Manager for approval recommendation.
title work from attorneys and follow up to ensure order is completed in a
timely manner. Review title work once
received to review for deficiencies such as second liens, encroachments, etc.
the absence of the Residential Loan Officer assist the customer with questions
regarding the loan application, terms of the loan and product information. Serve as liaison with customers, brokers and
attorneys to resolve problems and to ensure that all documentation is accurate
and complete. Prepare and monitor files
for Quality Control audit function; obtain corrected or revised documentation
from customers and attorneys to complete files as necessary. Communicate closing contingencies to
customer, managers and Residential Loan Officers. Coordinate and arrange
closing with all affiliated parties.
abreast of residential and consumer loan products. Ensure approvals fall within established
lending guidelines. Comply fully with
all federal, state and local laws and regulations, policies and procedures,
including but not limited to the S.A.F.E. Act and its registration, renewal and
updating requirements. Keep
abreast of all loan underwriting, processing and closing tasks and assist as
necessary to maintain smooth and effective workflow.