Loan Processor - Support

Job Description

Job Description

We are looking for a detail-oriented Loan Processor to provide essential support in processing and closing loans. In this long-term contract role, you will play a key part in ensuring loans are managed efficiently, from initial documentation to post-closing review. This position is based in Newburgh, New York, and offers an opportunity to contribute to a dynamic team while honing your expertise in loan administration.

Responsibilities :

• Order and manage personal and business credit reports, flood certifications, and necessary organizational checks.
• Coordinate the ordering of appraisals, environmental reports, and pre- and post-closing searches to ensure compliance.
• Verify tax transcripts against submitted tax returns and handle Form 4506 processing.
• Set up and organize both electronic and physical folders for borrowers, ensuring all documentation is properly filed.
• Input borrower information and financial data into loan origination and financial spreading software systems.
• Draft Letters of Intent, Commitment Letters, and adverse action notices under supervision.
• Monitor loan processing timelines by utilizing checklists and maintaining communication with attorneys, borrowers, and relationship managers.
• Prepare legal documentation for loan closings and perform detailed post-closing reviews to ensure all records are complete and accurate.
• Handle departmental administrative tasks such as reconciling general ledger accounts, approving vendor payments, and compiling management reports.
• Assist in processing loans and preparing end-of-month summaries and other reports as needed.
• Proven experience in loan administration, mortgage processing, or a related field.
• Familiarity with loan origination and financial spreading software.
• Strong organizational skills with the ability to manage multiple tasks and meet deadlines.