Loan Processor Associate
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Job Location:
Monthly Salary:
Posted on:
16 hours ago
Vacancies:
1 Vacancy
Job Summary
Key Responsibilities
- Communication: Acting as a liaison between applicants underwriters and loan officers to resolve questions and missing information.
- Compliance: Ensuring all files adhere to company policies and federal/state lending regulations.
- Efficiency: Meeting deadlines and managing multiple applications simultaneously to ensure timely closing.
- Data Verification: Reviewing loan applications to ensure accuracy and compliance checking credit reports and verifying employment/income.
- Document Management: Collecting organizing and preparing loan files (tax returns pay stubs bank statements) for underwriting review.
Required Skills and Qualifications
- Attention to Detail: High level of accuracy in reviewing financial documents.
- Communication: Strong verbal and written skills for updating borrowers and collaborating with internal teams.
- Technical Skills: Proficiency in loan processing software and Microsoft Office suite.
- Knowledge: Understanding of lending regulations and underwriting terminology.
- Experience: Typically 2 years of experience in the consumer loan or mortgage industry.
- Education: Bachelors degree in finance accounting or related field preferred
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
