FULL_TIME

FEED

YEAR

Magyar Bank, a leader in the community banking sector, is searching for qualified candidates to join our Residential Lending team in the Central New Jersey area as. Loan Processor will be responsible for processing first mortgage applications and consumer loans in accordance with all applicable federal and state guidelines.

<img alt="" height="51" src="https://assets.jazz.co/customers/customer_20250905185658_PS5S2CJULIXALPUQ/layout/20260519211425-image-20260519171424-1.jpeg" width="115"/><br/><br/><b>Magyar Bank, </b>a leader in the community banking sector, is searching for qualified candidates to join our Residential Lending team in the Central New Jersey area as<br/><br/><b><i>Sr. Loan Processor</i></b><br/><br/>The Sr. Loan Processor will be responsible for processing first mortgage applications and consumer loans in accordance with all applicable federal and state guidelines.  <br/><br/><b>Essential Functions:</b><br/><br/>Process residential first and second mortgage, personal & auto loan applications in accordance with all investor requirements, and federal & state regulations<ul style="list-style-type:square"><li>Verify and calculate financial information to determine applicant eligibility with respect to the Bank’s risk and salability to Secondary Market.  Investigate credit depository and all other financial data</li><li>Request information and follow up with all necessary paperwork within established timeframes</li><li>Review eligibility of applications received from mortgage lenders.  Keep lenders informed of status of loan applications in process.  Reviews documents and interacts with customers to process applications.  Ensure applications are processed within established timeframes.  Maintain contact with customers whose applications are in process.  Interact with attorneys and realtors as needed.</li><li>Update loan origination computer system and file documentation as needed.  Ensure integrity of the data entered into the loan origination system</li><li>Maintain a current knowledge of all Federal and State regulations pertaining to lending, including but not limited to compliance with FNMA, FHLMC, and PMI</li><li>Review and monitor expiration of file documentation.  Update documentation and files as needed.  Update documents to comply with investors’ aging requirements.</li><li>Function as backup for Sr. Loan Closing Rep and Loan Officer as required</li></ul><ul style="list-style-type:square"><li>Maintain compliance while performing all job functions</li><li>Other job duties as assigned</li></ul><br/><b>Requirements:</b><ul style="list-style-type:square"><li>Minimum of high school diploma or equivalent required.  Some college preferred</li><li>Minimum of 5-7 years mortgage loan processing experience required</li><li>National Mortgage Licensing System and Registry (NMLS) required</li><li>Current working knowledge of FHLMC and Fannie/Freddie guidelines essential</li><li>Computer literate, including Microsoft Office and programs including loan tracking systems</li><li>Working knowledge of lending regulations, financial institution products and services required</li><li>Strong customer service skills</li><li>Must be detailed oriented</li><li>Excellent communication skills, both verbal and written</li><li>Ability to multitask in fast paced environment</li></ul><br/><b>Salary Range: $29.50 - $37.00 (hourly)</b><br/><br/><b><i>Magyar Bank offers a competitive salary and comprehensive benefit package, which includes medical, dental, life insurance and 401k.</i></b><br/><br/><b><i>Magyar Bank is an Equal Employment Opportunity/Affirmative Action Employer - M/F/D/V</i></b><br/><br/> <p>Powered by JazzHR</p>

Magyar Bank

Sr. Loan Processor

Banking Services

Candidate Sourcing

Communication Skills

Community Banking

Computer Skills

Computer Systems

Consumer Loans

Contact Management

Customer Relations

Customer Support/Service

Data Quality

Detail Oriented

Develop and Maintain Customers

Documentation

Documentation Review

Fannie Mae (FNMA)

Federal Laws and Regulations

File Systems

Financial Regulations

First Deed of Trust

Freddie Mac (FHLMC)

High School Diploma

Licensing

Loan Closing

Loan Origination

Loan Processing

Loan Regulations

Loans

Maintain Compliance

Microsoft Office

Mortgage

Mortgage Lending

Multitasking

Presentation/Verbal Skills

State Laws and Regulations

Writing Skills

partner JazzHR

UNKNOWN

ADAPTED_NOW

Under the direction of the Manager, Procurement Operations, the Expense Processor is responsible for the timely and accurate end-to-end processing of supplier invoices including receipt, data entry and matching to purchase orders, following established business rules and in preparation for payment to suppliers. In addition, the processor will be a key member of the invoice processing team providing excellent customer service and problem-solving skills as it relates to all invoices coming in to the University.

<h2>Overview</h2><p>The Office of Finance & Treasury Procurement Services operations team is seeking an expense processor. Under the direction of the Manager, Procurement Operations, the Expense Processor is responsible for the timely and accurate end-to-end processing of supplier invoices including receipt, data entry and matching to purchase orders, following established business rules and in preparation for payment to suppliers.</p><p> </p><p>In addition, the processor will be a key member of the invoice processing team providing excellent customer service and problem-solving skills as it relates to all invoices coming in to the University.</p><h2>Responsibilities</h2><p>Expense Processing </p><ul><li>Monitor physical and electronic mailboxes for receipt of supplier invoices</li><li>Review invoices to ensure all required data is provided; work with campus departments and/or suppliers to correct incomplete invoices</li><li>Input invoices into OnBase and PeopleSoft applications</li><li>Identify matching purchase order and match individual purchase order lines to the invoice lines</li><li>Perform research and communicate response to customers</li><li>Escalate aged items in a timely manner</li></ul><p>Customer Service </p><ul><li>Address and resolve invoice processing scenarios while remaining within the confines of compliance</li><li>Proactively identify opportunities to improve service levels through process improvement and/or automation</li><li>Collaborate with University departments to address specific invoicing needs to ensure invoices are paid accurately and in a timely fashion</li></ul><p>Match Exception Processing</p><ul><li>Partner with the Financial Service Center, campus departments and Procurement to address match exceptions</li><li>Investigate basic match exception requests and manage to resolution</li><li>Escalate complex match exceptions to Senior Expense Processors for resolution</li></ul><p>Travel & Expense Reimbursements </p><ul><li>Review Concur reimbursement requests to ensure basic requirements, such as receipts, are provided</li><li>Review requested reimbursements for adherence to University Policy</li><li>Escalate complex and non-standard requests to Senior Expense Processors</li><li>Respond to inquiries from campus and the Financial Service Center on travel and expense reimbursement requests                                            </li></ul><p> </p><h2>Qualifications</h2><p>Essential Qualifications:</p><ul><li>1-3 years’ experience</li><li>Strong analytical and problem-solving skills with close attention to detail</li><li>Experience collaborating with peers to resolve processing issues timely</li><li>Ability to manage multiple tasks and quickly shift among competing priorities</li><li>Proficient with Microsoft Office Tools (Excel, Word)</li></ul><p>Preferred Qualifications:</p><ul><li>Bachelor’s degree</li><li>Experience in a high-volume transaction review/processing operation</li><li>Customer service experience</li><li>Familiarity with Peoplesoft Financial Management or other ERP suites</li><li>Familiarity using business intelligence applications to manage, manipulate and analyze large datasets</li><li>Experience in a Higher Education environment</li><li>Understanding of banking processes including wire and ACH payments and foreign currency transactions                                                                                                                               </li></ul><p>Princeton University is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law.</p><p> </p><p>The University considers factors such as (but not limited to) scope and responsibilities of the position, candidate's qualifications, work experience, education/training, key skills, market, collective bargaining agreements as applicable, and organizational considerations when extending an offer. The posted salary range represents the University's good faith and reasonable estimate for a full-time position; salaries for part-time positions are pro-rated accordingly.</p><p> </p><p>If the salary range on the posted position shows an hourly rate, this is the baseline; the actual hourly rate may be higher, depending on the position and factors listed above.</p><p> </p><p>The University also offers a comprehensive benefit program to eligible employees. Please see this link for more information.</p><h2>Standard Weekly Hours</h2>36.25<h2>Eligible for Overtime</h2>Yes<h2>Benefits Eligible</h2>Yes<h2>Probationary Period</h2>90 days<h2>Essential Services Personnel (see policy for detail)</h2>No<h2>Physical Capacity Exam Required</h2>No<h2>Valid Driver’s License Required</h2>No<h2></h2>#LI-NC1<h2>Salary Range</h2>$54,000 to $60,000

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Sr. Loan Processor Magyar Bank

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