Loan Processor
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Job Summary
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Review and process loan applications for completeness and accuracy.
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Verify borrower information including income employment credit history and collateral documentation.
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Order and review third-party reports such as appraisals title credit reports and insurance.
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Communicate with borrowers loan officers underwriters and other stakeholders to gather required documents and resolve discrepancies.
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Prepare and submit loan files for underwriting review and approval.
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Monitor loan progress to ensure timely processing and meet closing deadlines.
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Ensure all documentation complies with internal policies and regulatory requirements (e.g. TRID RESPA TILA).
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Maintain accurate records and update loan tracking systems throughout the loan process.
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Assist with closing and post-closing activities when needed.
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High school diploma or equivalent; associate or bachelors degree in finance business or related field preferred.
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2 years of experience in loan processing (mortgage consumer or commercial).
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Strong knowledge of loan documentation credit analysis and compliance requirements.
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Familiarity with loan origination systems (e.g. Encompass Calyx Blend etc.).
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Excellent organizational skills and attention to detail.
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Strong verbal and written communication skills.
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Ability to work independently and prioritize multiple tasks in a fast-paced environment.
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Understanding of federal and state lending regulations.
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Experience with FHA VA USDA and conventional loan products.
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Knowledge of automated underwriting systems (e.g. DU LP).
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NMLS license is a plus but not required.
Key Skills
- Loan Processing
- Typing
- Data Entry
- Customer Service
- Organizational skills
- Basic Math
- Computer Skills
- Fraud
- Microsoft Outlook
- 10 Key Calculator
- Fair Housing Regulations
- Food Processing
