Loan Processor

Job Description

Job Description

We are looking for a detail-oriented Loan Processor to support the preparation, review, and coordination of lending files in Matawan, New Jersey. This role is responsible for keeping documentation complete, organized, and aligned with underwriting and compliance expectations while helping move applications forward efficiently. The ideal candidate brings strong file management skills, clear communication, and the ability to track multiple deadlines in a fast-paced environment.

Salary: Up to $65,000

Benefits: Medical, Dental, Vision, PTO, 401k

Responsibilities:

Loan File Preparation & Documentation Management

• Gather, review, and organize loan documentation to ensure files are complete, accurate, and ready for underwriting review.
• Prepare loan packages in accordance with company policies, lending guidelines, and underwriting requirements.
• Identify and resolve missing documentation, discrepancies, and data inconsistencies to facilitate a smooth approval process.

Underwriting & Credit Support

• Assist in satisfying underwriting conditions by coordinating with borrowers, lenders, and internal stakeholders to obtain required documentation.
• Support the underwriting team by maintaining well-organized loan files and responding promptly to additional requests.
• Ensure all supporting documentation is accurately maintained throughout the underwriting process.

Third-Party Vendor Coordination

• Order, monitor, and manage third-party reports and services, including appraisals, credit reports, judgment, and lien searches.
• Track outstanding items and ensure all external documentation is received, reviewed, and uploaded within required timeframes.
• Serve as a liaison between internal teams and external vendors to facilitate timely loan processing.

Pipeline Management & Process Coordination

• Maintain and monitor a pipeline of active loan files, ensuring milestones and deadlines are consistently met.
• Proactively follow up on pending items to minimize delays and keep transactions moving efficiently.
• Provide regular status updates to stakeholders and escalate potential issues or risks when necessary.

Compliance & Quality Assurance

• Ensure loan files meet internal quality standards, regulatory requirements, and audit-readiness expectations.
• Maintain accurate, complete, and confidential loan records throughout the lending process.
• Adhere to all company policies, procedures, and compliance guidelines while supporting operational excellence.

• Experience handling loan documentation, file preparation, and processing support within a lending or financial services environment.
• Working knowledge of underwriting workflows, loan products, and documentation standards.
• Ability to manage multiple active files while meeting deadlines and maintaining close attention to detail.
• Familiarity with ordering and tracking third-party reports, including appraisals, credit checks, and lien-related searches.
• Understanding of compliance practices, record accuracy, and confidentiality requirements in loan operations.
• Proficiency with document management or file management systems used to organize and monitor loan records.
• Strong written and verbal communication skills for coordinating with internal teams, borrowers, and external vendors.