Commercial Mortgage Loan Processor
Uniondale, New York
FULL_TIME | USD 53199.00 - 66485.00 YEAR

The estimated salary for this position is $53,199-$66,485/Annually.

Duties and Responsibilities/Results

·         Prepares loan application for submission to Underwriting by:

·         Setting up and maintaining Commercial Real Estate Loan files.

·         Assuring all required data is ascertained and analyzed.

·         Entering relevant loan and property information into the loan origination system

·         Ordering credit report, appraisal, Phase I (if required), and flood certification.

·         Reviewing file for accuracy and completeness.

·         Process loan applications and facilitating loan closings by interacting both in person and over the telephone with borrowers, attorneys, appraisers, engineers, title companies and brokers.

·         Maintain accurate and current information on all applications by comparing verified information to that originally provided.

·         Maintain and update departmental reports relative to new CRE loan origination as necessary.

·         Resolve problem situations prior to closing by communicating with brokers, borrowers, internal stakeholders and/or attorneys.

·         Respond to inquiries regarding mortgage loans by providing requested information via telephone or in person through use of reference source material.

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·         Participate in compiling relevant information necessary

·         Maintain an efficient flow of work in the Department by word processing and proof reading reports, documents, forms, letters, memos, special projects and photocopying.

·         Process various checks and wires received and analysis of monthly general ledger accounts by comparing departmental records to bank’s general ledger, making changes as required.

·         Ensure that all bills/expenses are promptly paid by initiating vouchers for payment through the accounts payable area.

·         Ensure an organized method of record keeping and recording all departmental material by updating various manuals and setting up and maintaining files for retention.

·         Provide guidance to other departments in the absence of supervisor/manager to ensure a continuous flow of work.

·         Assist in closing CRE loans as needed

·         Assist when necessary by performing other related duties, which may become necessary from time to time.

 

Job Specifications

·         Minimum of two (2) years experience in the financial service industry, equivalent to two (2) years of college.

·         Minimum of one (1) year real estate experience.

·         Ability to work with a PC, including Microsoft Word and Excel.

·         Strong typing, math and organizational skills.

·         Good written and oral communication skills.

·         Demonstrated ability to multitask effectively.