Loan Processor (Warren Township)

Company

BD Capital is a premier lender to developers and builders across the country. We pride ourselves on a consultative approach to fulfilling our customer's needs. This customer focus creates a positive, entrepreneurial atmosphere where people are empowered to learn, grow, and contribute as individuals in a respectful and non-judgmental culture. The company is experiencing rapid growth and looking to build out the operations team with an exceptional Loan Processor for our top producing sales team.

Position Summary

We are looking for a Loan Processor who thrives in a fast-paced, entrepreneurial growth environment. This person will manage a pipeline of loan files, ensuring a smooth and timely loan transaction experience for our borrowers through the collection and analysis of documents and data. As a customer facing person, this individual is also responsible for providing our borrowers with exceptional customer service and transparency into the process.

Responsibilities

Review loan file submissions, organize files, and input loan information into the company's loan origination system

Order and verify third party services (e.g., credit, flood, appraisals, environmental reports, zoning reports)

Collect and verify documentation related to borrower, asset, entity, and construction

Ensure loan files are in compliance with program guidelines, investor requirements, and federal and state laws / regulations (e.g., disclosures, notifications)

Inform loan officer, agent, and borrower about discrepancies in title, appraisals, credit, employment, income, and other file related items

Obtain documentation to clear conditions prior to funding as required by underwriting

Submit completed file to underwriting department for approval

Proactively monitor pipeline to set realistic closing dates, ensure timely funding of loans, and meet expected service levels

Communicate with external parties to the loan including but not limited to borrower, realtor, title, closing agent, and appraisal management company

Evaluate processes and procedures for efficiency opportunities and implement process improvements

Maintain thorough knowledge of the loan origination system and proactively identify and implement work flow improvements within the system

Organize and maintain daily pipeline huddles with sales, construction, and other stakeholders, as needed

Prepare reports giving executives visibility into the loan pipeline, daily production activity, cycle times, and loan quality

Manage and train junior processors and other employees, as required

Maintain and update the Processing Policy and Procedure Manual

Ad hoc projects, as assigned

Qualifications

Deep knowledge of mortgage processing concepts, practices and procedures

Knowledge of federal and state regulatory guidelines

Pipeline management experience required

Knowledge of Encompass preferred

Strong working knowledge of MS office and Sharepoint

Knowledge of underwriting and / or loan structuring a plus

Process improvement experience (e.g., six sigma) a plus

Strong attention to detail

Well-developed communication and interpersonal skills with an emphasis on customer service, conflict management, teamwork and coaching

Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently within established timeframes

Naturally inquisitive with strong analytical and problem-solving skills

Demonstrated ability to maintain confidentiality and use discretion in daily activities

Ability to work in a fast paced environment under pressure with tight deadlines and constant interruptions; Ability to flexibly adjust priorities in a changing environment

Self-motivated team player with a strong work ethic and high level of personal accountability

Positive personality with a high level of integrity

Valid driver's license

Education & Experience

Bachelor's degree from an accredited college / university

2+ years of commercial and / or residential loan processing experience

Location

Warren, NJ

Employment Type

Full Time

BD Capital, LLC provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex, gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state, or federal law.