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

Depth & Scope:

Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission

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

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 the least complex loans typically Express Agency loans, Condo Pud or Home Equity loans

May assist in training the Loan Processor I

Processes some complex loans such as CEMA, condos and co-ops

Basic system, industry and process knowledge

Education & Experience:

High School diploma or GED required

2+ years loan documentation experience

Detail oriented

Working knowledge of Bank loan products and policies

Knowledge of lending software preferred

Proven ability to handle heavy workload and meet stringent deadlines

Solid oral and written communication skills, with ability to interact effectively with all customers, both internal and external

Working knowledge and understanding of regulations from different states

Robust PC skills

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