Job Summary
The Loan Processor II provides support to the lending areas by reviewing the accuracy of consumer and mortgage loans from conditional approval to closing
Responsibilities
Job Profile Summary
Depth Scope
Reviews all required documents such as borrower documents DU and LP findings title and HOI for submission
Provides support to customers branches and lending staff as needed
Follow all regulations and policies appropriate to lending
Documents all interactions on the loan transaction and is responsible for documenting communications with interested parties
Owns borrower communication on loan file from conditional approval to closing
May order or facilitate ordering for Third Party needs responsible for follow up and receipt of HOI title 4506T payoffs written verifications subordinations etc
Validate all documents required by underwriting are present accurately indexed and meet the stated underwriter requirements
Ensure all data fields required by underwriting are complete
Resolve 3rd party conditions on the loan
Interact with vendors providing service on the loan transaction obtain necessary documentation including Home Owners Insurance providers Title companies Home Owners Associations
Ensure all services required for the loan transaction are ordered timely
Document all interactions on the loan transaction
Process the least complex loans typically Express Agency loans Condo Pud or Home Equity loans
May assist in training the Loan Processor I
Processes some complex loans such as CEMA condos and co ops
Basic system industry and process knowledge
Education Experience
High School diploma or GED required
2 plus years loan documentation experience
Detail oriented
Working knowledge of Bank loan products and policies
Knowledge of lending software preferred
Proven ability to handle heavy workload and meet stringent deadlines
Solid oral and written communication skills with ability to interact effectively with all customers both internal and external
Working knowledge and understanding of regulations from different states
Strong PC skills
Certifications Required
Preferred certifications include Microsoft Office Specialist Excel Associate or any equivalent MS Excel proficiency certification relevant to financial operations.
What we offer
- The chance to work with impact. Here, you’re empowered to bring your biggest thinking to help our company and clients improve everyday life.
- Ownership over your career. Stay at the top of your game through our award-winning learning and development ecosystem. And when your ambitions change or we offer new opportunities, we help you pivot by providing reskilling, on-the-job learning and guidance to find new roles that might be a better fit.
- The opportunity to thrive on a high caliber team with heart. We celebrate each other’s experiences and perspectives and promote a sense of belonging through our affinity groups and diversity and inclusion initiatives.
- A comprehensive total rewards package, including a competitive salary and a pension plan with matching contributions.
- Flexible health and financial benefits to support you and your eligible dependents—from day one.
- True work-life balance. Be at your best through paid time off, flexible work arrangements, volunteering opportunities, social events, and so much more.
About us
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.com or @cognizant.
Other employment-related information
Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, provincial or local laws.
If you have a disability that requires reasonable accommodation to search for a job opening or submit an application, please email [email protected] with your request and contact information.
Language requirements vary depending on roles, but we ask that all candidates have basic English proficiency for company-wide communications purposes. For roles based in Quebec, professional English proficiency is required, as you’ll deliver services to and collaborate with stakeholders outside the province who may not speak French.
