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
• Solid PC skills

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