Consumer Loan Processor III
TD Securities, Mount Laurel, NJ, United States
Work Location
Mount Laurel, New Jersey, United States of America
Hours 40 hours per week
Pay Details $23.25 - $30.75 USD
Line Of Business Personal & Commercial Banking
Job Description The Consumer Loan Processor III is primarily responsible for providing support to the lending areas by reviewing the accuracy of complex consumer loans from conditional approval to closing. This job is a Loan Originator and performs at least one of the following functions, or advertises or communicates that they can or will perform any of these functions, with an expectation of compensation or monetary gain: takes an application, arranges a consumer credit transaction, assists a consumer in applying or obtaining consumer credit, offers or negotiates consumer credit, otherwise obtains or makes an extension of consumer credit for another person.
Depth & Scope
Contacts customers directly to obtain conditions placed by lender or underwriter
Prepares required loan documentation for approved loan applications such as disclosures
Provides support to customers, branches, and lending staff as needed
Contacts customers to collect and review additional information as necessary
Answers phones in queue as well as personal line to assist customers
May test new systems and documentation software
May assist in training of Loan Processer I and II
Processes all specialty products
Reviews and verifies all required support materials, such as titles and floods to ensure the files are ready for closing
Advises customers regarding changes in rate and term
Education & Experience
HS Diploma or GED required
2-3 years loan documentation experience
Knowledge of Bank loan products and policies
Knowledge of lending software
Detail-oriented with ability to multitask
Ability to handle heavy workload and meet stringent deadlines
Excellent oral and written communication skills, with ability to interact effectively with all customers, both internal and external
Solid knowledge and understanding of states’ regulations
PC skills
Ability to work a flexible schedule (rotation of nights and/or weekends)
Income documents, titles, and appraisal knowledge preferred
Customer Accountabilities
Maintains regular communication with the customer by phone or email depending on customer preference.
Employee/Team Accountabilities
Completes all annual required training on a timely basis
Accurately documents conversations with customers in the loan file
Establishes and follows up on due dates for documentation
OCC Language
This position falls within the definition of Loan Originator as defined under Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36, and the definition of Mortgage Loan Originator as defined under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C.
5102 et seq., and its implementing regulations, 12 CFR Part 1007.
Must be eligible for employment with a covered financial institution under the standards established by Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36.
Must be eligible for registration as a registered mortgage loan originator with the NMLS (Nationwide Mortgage Licensing System and Registry) in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C.
5102 et seq., and its implementing regulations, 12 CFR Part 1007.
Satisfactory results on a criminal background check and a credit report check, and statements/certification from job applicant regarding administrative, civil, and/or criminal findings by any government agency/authority, are required by federal law for this position.
Physical Requirements
Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
Domestic Travel – Occasional
International Travel – Never
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous Responding quickly to sounds – Occasional
Sitting – Continuous
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Lifting/Carrying (over 25 lbs.) – Never
Squatting – Occasional
Bending – Occasional
Kneeling – Never
Crawling – Never
Climbing – Never
Reaching overhead – Never
Reaching forward – Occasional
Pushing – Never
Pulling – Never
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
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Hours 40 hours per week
Pay Details $23.25 - $30.75 USD
Line Of Business Personal & Commercial Banking
Job Description The Consumer Loan Processor III is primarily responsible for providing support to the lending areas by reviewing the accuracy of complex consumer loans from conditional approval to closing. This job is a Loan Originator and performs at least one of the following functions, or advertises or communicates that they can or will perform any of these functions, with an expectation of compensation or monetary gain: takes an application, arranges a consumer credit transaction, assists a consumer in applying or obtaining consumer credit, offers or negotiates consumer credit, otherwise obtains or makes an extension of consumer credit for another person.
Depth & Scope
Contacts customers directly to obtain conditions placed by lender or underwriter
Prepares required loan documentation for approved loan applications such as disclosures
Provides support to customers, branches, and lending staff as needed
Contacts customers to collect and review additional information as necessary
Answers phones in queue as well as personal line to assist customers
May test new systems and documentation software
May assist in training of Loan Processer I and II
Processes all specialty products
Reviews and verifies all required support materials, such as titles and floods to ensure the files are ready for closing
Advises customers regarding changes in rate and term
Education & Experience
HS Diploma or GED required
2-3 years loan documentation experience
Knowledge of Bank loan products and policies
Knowledge of lending software
Detail-oriented with ability to multitask
Ability to handle heavy workload and meet stringent deadlines
Excellent oral and written communication skills, with ability to interact effectively with all customers, both internal and external
Solid knowledge and understanding of states’ regulations
PC skills
Ability to work a flexible schedule (rotation of nights and/or weekends)
Income documents, titles, and appraisal knowledge preferred
Customer Accountabilities
Maintains regular communication with the customer by phone or email depending on customer preference.
Employee/Team Accountabilities
Completes all annual required training on a timely basis
Accurately documents conversations with customers in the loan file
Establishes and follows up on due dates for documentation
OCC Language
This position falls within the definition of Loan Originator as defined under Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36, and the definition of Mortgage Loan Originator as defined under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C.
5102 et seq., and its implementing regulations, 12 CFR Part 1007.
Must be eligible for employment with a covered financial institution under the standards established by Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36.
Must be eligible for registration as a registered mortgage loan originator with the NMLS (Nationwide Mortgage Licensing System and Registry) in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C.
5102 et seq., and its implementing regulations, 12 CFR Part 1007.
Satisfactory results on a criminal background check and a credit report check, and statements/certification from job applicant regarding administrative, civil, and/or criminal findings by any government agency/authority, are required by federal law for this position.
Physical Requirements
Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
Domestic Travel – Occasional
International Travel – Never
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous Responding quickly to sounds – Occasional
Sitting – Continuous
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Lifting/Carrying (over 25 lbs.) – Never
Squatting – Occasional
Bending – Occasional
Kneeling – Never
Crawling – Never
Climbing – Never
Reaching overhead – Never
Reaching forward – Occasional
Pushing – Never
Pulling – Never
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
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