Consumer Loan Processor II
TD Securities, Mount Laurel, NJ, United States
Work Location
Mount Laurel, New Jersey, United States of America
Hours 40 hours per week
Pay Details $22.50 - $29.00 USD
Line of Business Personal & Commercial Banking
Job Description The Consumer Loan Processor II is primarily responsible for providing support to the lending areas by reviewing the accuracy of 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.
Location Onsite – Mt Laurel, NJ; Columbia, SC; Lexington, SC; or Jacksonville, FL
Schedule Monday–Friday, 8:30 a.m. – 5 p.m.
Depth & Scope
Contacts customer directly to obtain conditions placed by lender or underwriter
Reviews all required support materials, such as titles, and flood certifications to prepare files for closing
Prepares required loan documentation for approved loan applications such as disclosures
Provides support to customers, branches and lending staff as needed
Assists in testing new systems and documentation software
Collects and reviews all conditions placed on loan by lender or underwriter
Contacts customers to collect and review additional information needed to close the loan as necessary
Answers phone calls in queue as well as personal line to assist customers
May assist in training the Loan Processor I
Advises customers regarding changes in rate and term.
Education & Experience
HS Diploma or GED required
No Certification(s)/License(s) required
1+ 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
Strong PC skills
Flexible work schedule (rotation of nights and/or weekends as required)
Problem solving skills preferred
Ability to handle difficult conversations preferred
Ability to multitask and prioritize 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 document conversations with customers in the loan fileEstablishes and follow 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
Our Total Rewards Package The Total Rewards package includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.
Accommodation 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. If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.
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Hours 40 hours per week
Pay Details $22.50 - $29.00 USD
Line of Business Personal & Commercial Banking
Job Description The Consumer Loan Processor II is primarily responsible for providing support to the lending areas by reviewing the accuracy of 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.
Location Onsite – Mt Laurel, NJ; Columbia, SC; Lexington, SC; or Jacksonville, FL
Schedule Monday–Friday, 8:30 a.m. – 5 p.m.
Depth & Scope
Contacts customer directly to obtain conditions placed by lender or underwriter
Reviews all required support materials, such as titles, and flood certifications to prepare files for closing
Prepares required loan documentation for approved loan applications such as disclosures
Provides support to customers, branches and lending staff as needed
Assists in testing new systems and documentation software
Collects and reviews all conditions placed on loan by lender or underwriter
Contacts customers to collect and review additional information needed to close the loan as necessary
Answers phone calls in queue as well as personal line to assist customers
May assist in training the Loan Processor I
Advises customers regarding changes in rate and term.
Education & Experience
HS Diploma or GED required
No Certification(s)/License(s) required
1+ 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
Strong PC skills
Flexible work schedule (rotation of nights and/or weekends as required)
Problem solving skills preferred
Ability to handle difficult conversations preferred
Ability to multitask and prioritize 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 document conversations with customers in the loan fileEstablishes and follow 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
Our Total Rewards Package The Total Rewards package includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.
Accommodation 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. If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.
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