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Mortgage Loan Processor

Cherry Hill, NJ, United States

Who We Are:

Based in New Jersey and established in 2010, Asset Based Lending, LLC (ABL) is one of the nations leading Hard Money Lenders. We provide fast bridge financing to real estate investors for the purchase, renovation, or new construction of single family, multi-family and mixed-use properties as well as DSCR rental loans for long term investors. We have closed thousands of loans since we began lending fourteen years ago, producing more than $2B in originations. ABL was acquired by a private equity firm in 2021, and with a renewed focus on growth, weve set our sights on consistent evolution and cementing our place as the premier private lender in the country.

Our Mission is Simple:

Make Good Loans

Provide Exceptional Service, Every Time

Protect The Firm

Build The Future

Position Summary

ABL is seeking a Mortgage Loan Processor for our Bridge team to process mortgage files and assist in loan closings. This Loan Processor will be joining the ABL team that is experiencing tremendous growth this year and presents an exciting opportunity for ambitious new team members.

The applicant will gather all necessary documentation and report inconsistencies to Underwriting. By providing prompt, efficient and accurate support to customers and co-workers from the application stage through the funding process, you will play a key role in maintaining our companys position as a partner in helping our borrowers reach their financial goals.

The applicant should be detail oriented. Customer service and communication skills are key since you will be the glue that binds all interested parties, from borrowers to underwriters. The applicant should also have an aptitude in math and excellent time management skills.

Responsibilities

Manage a constant pipeline of 50+ loans

Send list of open conditions to borrowers

Collect documentation from borrowers

File documentation using ABLs naming conventions and locations

Organize documentation in files

Clear underwriting conditions

Report any inconsistencies in documentation to the VP of Loan Operations and the underwriters

Communicate with borrowers about closing deliverables

Update underwriters & sales staff about loan status

Pre-close check all loan documentation for errors, communicate corrections to attorneys

Prepare wire trade ticket

Review HUDS and other pre-closing documentation

Send HUD for revisions and finalize with attorneys and title company

Set up loan closings in a timely manner

Confirm loan has closed and funded properly

Additional projects and tasks as needed to support processing and operations

Apply

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