Job Profile Summary: The Loan Processor provides support to the lending areas by reviewing the accuracy of mortgage and consumer loans from conditional approval to closing.

Depth & Scope

• Provides support to customers, branches, and lending staff as needed
• May assist in training of Loan Processor I and II
• Processes more complex loans such as self-employed income, CEMA, condos and co-ops, Jumbo and Wealth
• Provides support to customers, branches and lending staff as needed
• Follow all regulations and policies appropriate to lending
• Documents all interactions on the loan transaction and is responsible for documenting communications with interested parties.
• Owns borrower communication on loan file from conditional approval to closing
• May order or facilitate ordering for Third -Party needs, responsible for follow up and receipt of HOI, title, 4506T, payoffs, written verifications, subordinations etc
• Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission
• Validate all documents required by underwriting are present,



accurately indexed and meet the stated underwriter requirements
• Ensure all data fields required by underwriting are complete
• Resolve 3rd party conditions on the loan
• Interact with vendors providing service on the loan transaction, obtain necessary documentation including Home-Owners Insurance providers, Title companies, Home-Owners Associations
• Ensure all services required for the loan transaction are ordered timely
• Document all interactions on the loan transaction
• Process complex loans such as self-employed income, CEMA, condos and co-ops, Government, Right-Step, Jumbo and Wealth
• Advanced system industry and process knowledge
• May coach and mentor junior processes
• May assist junior processors in processing loans

Education & Experience

• High school diploma or GED
• 3-5 years loan documentation experience
• Knowledge of Bank loan products and policies
• Knowledge of lend

📌 SME-Loan Processor (Chennai)
🏢 Cognizant
📍 Chennai