Loan Processor

Loan Processor
in Morris Plains, New Jersey

Job Description

Weichert Financial Services is hiring a Loan Processor in Morris Plains, NJ.  The Loan Processor is responsible for ensuring assigned loan applications are processed and prepared in a timely manner, and meet all regulatory requirements.  The position may process conventional, government, or state bond loans as assigned by management. 
  • Processes and prepares loans in a timely manner. 
  • Makes mandatory calls to borrowers (i.e., welcome and commitment calls).
  • Pipeline manages all assigned loans working within stated timelines reflected in real estate sales contracts, as well as management established turnaround timelines.
  • Ensures that all loans are cleared and released to the Closing Department no later than five (5) days prior to scheduled closing.
  • Collects, reviews and submits acceptable documentation in a timely manner.  Ensures completeness, accuracy, and legibility of all documentation.
  • Monitors and/or ensures compliance with Federal and State laws and regulations, in addition to Company policies and procedures.
  • Demonstrates a high level of professionalism and integrity in all internal and external interactions with employees and customers.
  • Consistently communicates with borrower and GSM via email and telephone to ensure smooth loan processing and that issues are addressed/resolved in a timely manner.
  •  Ensures that investor requirements are met and warehouse lines are protected.
  •  Ensures that data integrity exists with every transaction.
  •  Performs other duties as assigned.

Job Qualifications

The ideal candidate will meet the following requirements:

  •  High school diploma or GED
  • Associate’s or Bachelor’s degree preferred
  • A minimum of three (3) years of conventional, government and state bond loan processing experience required
  • Previous experience with Encompass loan origination system preferred 
  • Thorough understanding of loan processing

  •  General understanding of all areas of the mortgage industry
  • Proficiency in Microsoft Office suite of products
  • Good oral and written communications skills
  • Ability to multitask in a fast-paced environment
  • Strong analytical and problem solving ability
  • Strong attention to detail
  • Strong customer service skills
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.