Mortgage Loan Processor (Hybrid)

About the position

At OceanFirst Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes OceanFirst a great place to work and do business. Responsible for providing quality customer service by efficiently and accurately processing residential mortgage applications.

Responsibilities

• Obtain and assemble complete loan package for underwriting; verify all required documentation in the file.
• Perform the review and analysis of borrower's credit, employment, income and assets as required by specific loan program prior to submitting file to underwriting; update Loan Operating System (LOS) accordingly.
• Communicate with loan officer, customer, underwriter, closing agent, and third parties necessary to obtain missing documentation required to qualify the loan.
• Efficiently maintain and control loan pipeline within ECOA guidelines by promptly ordering services, monitoring timelines, and issuing the following documents as needed: Disclosures, Need More Information Letters, Commitment Letters, Statements of Denial, and any other communication to borrower to assure loan applications are processed accurately and in compliance with Bank and regulatory guidelines.
• Accountable for meeting Key Performance Indicator (KPI) targets for Loan Processor role.
• Understands compliance with all regulations governing the banking industry, as well as agency guidelines and organization policies.
• Understands the compliance requirements for Loan Operations to ensure files are maintained in accordance with regulations.

Benefits

• On-site fitness facility at Red Bank and Toms River headquarter offices
• Hybrid schedule after initial onboarding (4 days in office, 1 day remote)
• Employee perks & discount programs
• Tuition assistance
• Incentive compensation program
• Professional development opportunities