Loan Processor

Company

BD Capital is a premier lender to developers and builders across the country. We pride ourselves on a consultative approach to fulfilling our customer's needs. This customer focus creates a positive, entrepreneurial atmosphere where people are empowered to learn, grow, and contribute as individuals in a respectful and non-judgmental culture. The company is experiencing rapid growth and looking to build out the operations team with an exceptional Loan Processor for our top producing sales team.

Position Summary

We are looking for a Loan Processor who thrives in a fast-paced, entrepreneurial growth environment. This person will manage a pipeline of loan files, ensuring a smooth and timely loan transaction experience for our borrowers through the collection and analysis of documents and data. As a customer facing person, this individual is also responsible for providing our borrowers with exceptional customer service and transparency into the process.

Responsibilities

• Review loan file submissions, organize files, and input loan information into the company's loan origination system
• Order and verify third party services (e.g., credit, flood, appraisals, environmental reports, zoning reports)
• Collect and verify documentation related to borrower, asset, entity, and construction
• Ensure loan files are in compliance with program guidelines, investor requirements, and federal and state laws / regulations (e.g., disclosures, notifications)
• Inform loan officer, agent, and borrower about discrepancies in title, appraisals, credit, employment, income, and other file related items
• Obtain documentation to clear conditions prior to funding as required by underwriting
• Submit completed file to underwriting department for approval
• Proactively monitor pipeline to set realistic closing dates, ensure timely funding of loans, and meet expected service levels
• Communicate with external parties to the loan including but not limited to borrower, realtor, title, closing agent, and appraisal management company
• Evaluate processes and procedures for efficiency opportunities and implement process improvements
• Maintain thorough knowledge of the loan origination system and proactively identify and implement work flow improvements within the system
• Organize and maintain daily pipeline huddles with sales, construction, and other stakeholders, as needed
• Prepare reports giving executives visibility into the loan pipeline, daily production activity, cycle times, and loan quality
• Manage and train junior processors and other employees, as required
• Maintain and update the Processing Policy and Procedure Manual
• Ad hoc projects, as assigned

Qualifications

Education & Experience

Location

Warren, NJ

Employment Type

Full Time

BD Capital, LLC provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex, gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state, or federal law.