What are the responsibilities and job description for the Mortgage Loan Processor position at Commercial Mortgage Depot?
Company Description
Commercial Mortgage Depot (CMD) is a nationwide firm specializing in commercial real estate financing. As a direct lender, CMD offers tailored solutions and access to a network of investors to meet diverse client needs. We provide financing for a wide range of property types, including apartments, mixed-use buildings, offices, retail spaces, and more, with loan amounts starting at $100,000. In addition to conventional loans, CMD specializes in structuring solutions for hard-to-finance transactions, addressing challenges related to the borrower, property, or transaction structure.
Role Description
This is a full-time, on-site role located in Clifton, NJ, for a Mortgage Loan Processor. The Mortgage Loan Processor will be responsible for reviewing and processing mortgage loan applications, ensuring all required documentation is accurate and complete. The role involves collaborating with underwriters, borrowers, and other stakeholders to resolve any documentation or compliance issues, ordering third-party services (such as appraisals or credit reports), and facilitating loan closings. The candidate will also be tasked with ensuring adherence to regulatory and company guidelines throughout the loan process.
Qualifications
- Strong knowledge of Mortgage Industry, Mortgage Lending, and Loans processes
- Proven experience in Loan Processing and Underwriting
- Attention to detail and ability to manage multiple loan files simultaneously
- Excellent communication and interpersonal skills to collaborate with clients and team members
- Proficiency in relevant loan processing software and tools
- Familiarity with compliance regulations and industry standards
- Problem-solving skills to address and resolve loan documentation challenges
- Bachelor's degree in finance, business, or a related field preferred
- Previous experience in commercial real estate lending is a plus
Salary : $100,000