Top 1 Magyar Bank Jobs

Sr. Loan Processor
Magyar Bank —New Brunswick, NJ
- $29.50 - $37.00 an hour
- Full-time
- 5 years
- Computer literacy
- Office
- Health insurance
- Dental insurance
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Sr. Loan Processor

Magyar Bank -
New Brunswick, NJ

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Job Details

Full-time
$29.50 - $37.00 an hour

Benefits

Health insurance
Dental insurance
401(k)
Life insurance

Qualifications

MLO License
Customer communication
Underwriting guidelines adherence
Handling customer inquiries
Mortgage compliance
Regulatory compliance
Conventional mortgage loans
High school diploma or GED
Productivity software
Customer support for financial loans
FNMA
Loan Origination Systems (LOS)
Automotive financing assistance
Industry knowledge of retail banking

Full Job Description

Magyar Bank, a leader in the community banking sector, is searching for qualified candidates to join our Residential Lending team in the Central New Jersey area as

Sr. Loan Processor

The Sr. Loan Processor will be responsible for processing first mortgage applications and consumer loans in accordance with all applicable federal and state guidelines.

Essential Functions:

Process residential first and second mortgage, personal & auto loan applications in accordance with all investor requirements, and federal & state regulations

Verify and calculate financial information to determine applicant eligibility with respect to the Bank’s risk and salability to Secondary Market. Investigate credit depository and all other financial data
Request information and follow up with all necessary paperwork within established timeframes
Review eligibility of applications received from mortgage lenders. Keep lenders informed of status of loan applications in process. Reviews documents and interacts with customers to process applications. Ensure applications are processed within established timeframes. Maintain contact with customers whose applications are in process. Interact with attorneys and realtors as needed.
Update loan origination computer system and file documentation as needed. Ensure integrity of the data entered into the loan origination system
Maintain a current knowledge of all Federal and State regulations pertaining to lending, including but not limited to compliance with FNMA, FHLMC, and PMI
Review and monitor expiration of file documentation. Update documentation and files as needed. Update documents to comply with investors’ aging requirements.
Function as backup for Sr. Loan Closing Rep and Loan Officer as required

Maintain compliance while performing all job functions
Other job duties as assigned

Requirements:

Minimum of high school diploma or equivalent required. Some college preferred
Minimum of 5-7 years mortgage loan processing experience required
National Mortgage Licensing System and Registry (NMLS) required
Current working knowledge of FHLMC and Fannie/Freddie guidelines essential
Computer literate, including Microsoft Office and programs including loan tracking systems
Working knowledge of lending regulations, financial institution products and services required
Strong customer service skills
Must be detailed oriented
Excellent communication skills, both verbal and written
Ability to multitask in fast paced environment

Salary Range: $29.50 - $37.00 (hourly)

Magyar Bank offers a competitive salary and comprehensive benefit package, which includes medical, dental, life insurance and 401k.

Magyar Bank is an Equal Employment Opportunity/Affirmative Action Employer - M/F/D/V

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