What are the responsibilities and job description for the Loan Processor II position at TD Bank?
TD Description
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD".Department Overview
The Loan Processor II is primarily responsible for providing support to the lending areas by reviewing the accuracy of consumer and mortgage loans from conditional approval to closing.
Job Description
Provides support to customers, branches and lending staff as needed
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
Job Requirements
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
Strong PC skills
- Preferred candidate already identified
Inclusiveness
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.
If you are a candidate with a disability and need an accommodation to complete the application process, email the 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 application process.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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