Commercial Loan Processor I

Full-time
Hicksville, NY, United States - Commercial Lending - Posted May 10, 2018
Requisition Number: 180000E0

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Description

JOB SUMMARY

A Commercial Loan Processor I processes basic Multi-Family & Commercial loan applications and documentation for New York Community Bank and New York Commercial Bank. Orders all third party reports and reviews the files for accuracy and completeness of information. In addition, enters and scans data into computer system.

 

ESSENTIAL FUNCTIONS

Prepares a package for the Appraisal Department including copies of pertinent collateral documentation. Upon completion of the Appraisal report, sends a copy of the appraisal to the Broker/Applicant for REG B Loans only. Routes funds received for an application by preparing a Good Faith Deposit memo for Loan Administration to process and confirm the completion of the transaction. Performs initial set up of processing file in required format and create application folder in the shared drive. Orders Environmental Assessment Reports/Environmental Insurance/Engineering Reports, when required. In addition, engage Insurance Consultant review where applicable. Orders flood certifications and send a Standard Notification Form for collaterals determined to be within a FEMA special hazard area. If refinance of an existing NYCB loan, reviews existing file and copy the existing organizational documents as well as other required documentation. Forwards documentation to the Bank's attorneys for their review. Once review is completed, work with the Loan Officer and Broker/Applicant to rectify the noted issues or concerns. Sends an Information package with a cover letter to the Broker/Applicant informing them of the required documents to be completed and submitted prior to closing. Reviews Borrower's organizational documents and tax returns to determine the identity of principals. In addition, analyzes the application package to determine if additional documents are required. As the documents are received and the file is reviewed by the Credit Department and/or Pre-Closing Department, requests additional processing, credit and underwriting documentation in accordance with policy. Orders personal and business credit reports as required. If derogatory items are found in the credit report then prepares a written request for explanations and/or proof of satisfaction. In addition, sends Automatic Payment Program information to the broker/applicant, if required. Performs OFAC checks as required. Prepares Environmental Hazard Review Form and provide the form along with the Environmental Report to the Loan Officer. If hazardous conditions are noted then works with the Loan Officer and inform Broker/Applicant that a corrective action is required. Prepares inspection package required in connection with Bank's inspection policy. In addition, prepares an Operating Account Memorandum and send to the appropriate parties within NYCB or NYCX. Monitors status of processing file including follow-up regarding outstanding documentation with Brokers/Applicant. As file progresses through the various processing and underwriting stages, updates status on LMS including collateral and customer information. Performs final review of a loan file before forwarding to Pre-Closing Department. If application is Withdrawn/Declined, prepares documentation as required by HMDA regulations. Works closely with Loan Officers, Loan Underwriters, Credit Analysts, Pre-Closers, Bank's Attorneys and Brokers. Assists with office filing, faxing, copying and scanning as necessary. Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

 

EDUCATION AND EXPERIENCE

High School Diploma or equivalent. Banking experience or one year loan processing experience preferred.

 

KNOWLEDGE, SKILLS AND ABILITIES

Proficient in MS Office. Good communication and customer service skills.

 

ABOUT NEW YORK COMMUNITY BANCORP, INC.

New York Community Bancorp, Inc. (NYSE: NYCB) is one of the 25 largest bank holding companies in the nation, with assets of $48.3 billion and a market cap of $6.4 billion at June 30, 2017. With deposits of $28.9 billion and 255 branches in Metro New York, New Jersey, Florida, Arizona, and Ohio, NYCB also rank among the largest depositories in the United States. NYCB operates through two banks with eight local divisions - New York Community Bank a savings bank with 225 branches throughout our five-state franchise; and New York Commercial Bank which has 30 branches. With a longstanding reputation for strength, stability and service, NYCB is proud to be committed to the communities it serves. To learn more about the NYCB Family of Banks visit us at www.mynycb.com

 

BRANCH OUT and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

 

NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.

 

This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.

 

In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.

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