Find Jobs
Find Jobs Near You – Available Work in Your Location
Skip to job details
VN
Valley National Bank
Mortgage Document Coordinator
Career Insights for Loan Processor
See where this job fits in the broader career landscape. Knowing your career path helps you see what's possible from here.
Scorecard
Based on New Jersey data
Review key factors to help you decide if this role fits your goals. How is this calculated?
What they do
A Loan Processor processes applications for bank loans including mortgage or commercial loans. Assists customers with the application process, organizes and reviews credit information or business financial reports, and puts together materials needed for loan underwriters to evaluate an application.
$47,579 / year median in New Jersey
-28% projected decline
Job Description
Mortgage Document Coordinator Valley National Bank - 3.2 Wayne, NJ Job Details $17.74 - $29.57 an hour 4 hours ago Qualifications Microsoft Word Customer communication Microsoft Excel High school diploma or GED Math Handling customer service requests Customer support for financial loans Full Job Description Responsibilities include but are not limited to: Review new loans passed from the Mortgage Department's loan origination system to MISER for accuracy of information within prescribed timeframes after loan boarding. Make changes to MISER as needed and as supported by the original loan documentation. Interacts with investors ensuring documentation is correct and complete. Ensure proper follow-up and filing of original loan documents, Note, recorded Mortgage, Title Policy and Assignments, within the prescribed timeframes to complete the Collateral files. Assist with the follow-up on corrective documentation sent to borrowers and/or settlement agents. Receive, prepare and submit Post Funding Audit requests to Fannie and/or Freddie Mac and PMI companies within the prescribed timeframes. Interview borrowers who are applying for a modification, assumption, re-amortization, or partial release of an existing first residential mortgage loan. Review the submission package to ensure completeness, viability and compliance with established guidelines. Communicate with borrowers whose packages are incomplete and secure the missing documentation. Prepare and submit packages to the Mortgage Servicing Manager for review and approval, denial or counter-offer. Preparation of documentation supporting management's decision. Ensure finalized documentation is retained in loan files or delivered timely to Custodians for GSE's. Assist with the preparation and submission of external home equity subordination requests. Assist in the preparation of daily, weekly and monthly reports.