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Junior Associate

Company: SelectLeaders
Location: New York
Posted on: January 16, 2022

Job Description:

The Professionals' Choice for Real Estate Jobs Entry level loan processor needed for a busy mortgage brokerage company. Loan processor is responsible for managing the administration/processing of the loan from the initial applications for accuracy and review. A loan processor should have proficiency in Microsoft Excel, Word, be familiar with e-filing of files, be able to structure and submit loan packages to the banks and deal with clients and banks` conditions.
- Responsibilities include, but are not limited to, the following:

  • Ability to pre-underwrite a loan file (preparing rent rolls, income & expense statements) and analyze financial documentation provided;
  • Review and prepare mortgage loan application documentation for submission to lenders, appropriately register loans and submit loans to variety of banks. This includes underwriting setups, file creation, copying & scanning of all documents;
  • Obtain and manage receipt of documents from borrower and guiding loans through the underwriting process;
  • Scheduling of various third party site inspections (appraisals, environmental, engineering, bank inspections);
  • Maintain effective lines of communication with loan officers and clients on the status of loans;
  • Have excellent verbal/written communication skills and customer care;
  • Ability to work in fast-paced, high volume environment;
  • Computer proficiency with Microsoft Word and Excel;
  • Must be extremely organized, analytical, and detail-oriented;
  • Ability to manage priorities and workflow for a pipeline of 45-100 - deals at any given time;
  • Must maintain the highest level of discretion and management of confidential and sensitive information;
  • Good judgment with the ability to make timely and sound decisions;
  • Keep track of sensitive deadlines and other expiration dates;
  • Request invoices for approaching loan closings;
  • Ability to close files in proprietary loan program;
  • Assist with deal flow, drafting memorandums and other bank correspondence. Please enter your email to view real estate's premier jobs! (We only ask you to do this once per device)

Keywords: SelectLeaders, New York , Junior Associate, Other , New York, New York

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