Job Type
Full-time
Description
Summary/Objectives
The Loan Processor is responsible for reviewing loan applications, gathering documentation, and coordinating the loan processing workflow. The ideal candidate will have a strong understanding of mortgage lending procedures, excellent organizational skills, and the ability to work effectively in a fast-paced environment. Loan Processor will ensure compliance with all consumer regulations related to the job function and adhere to regulatory changes, compliance issues, and bank policy and procedures.
Essential Functions
- Review new loan files to ensure that application is complete prior to submitting for underwriting.
- Order the appraisal within twenty-four hours after receipt of a loan file and review when completed.
- Prepare commitment letter within twenty-four hours after receipt of loan decision.
- Monitor loan file for conditions, follow up with customer, review and signoff.
- Manage and support the pipeline and provide status updates to the Loan Officers.
- Act as liaison for Loan Officers, realtors, borrowers and underwriter.
Requirements
- Commitment to exceptional customer service.
- Excellent attention to detail and organizational skills.
- Strong analytical and problem-solving abilities.
- Effective communication skills, both written and verbal.
- Ability to work efficiently in a fast-paced, deadline-driven environment.
- High school diploma or equivalent; additional education in finance or related field is a plus.
- Prior mortgage industry or loan processing experience.
- Strong understanding of loan processing procedures, including knowledge of mortgage lending regulations.
Salary Description
$19-$23/hour