Loan Processor Jobs
A Loan Processor in the banking industry serves as an intermediary between the potential borrower and the lending institution. They are responsible for reviewing loan applications, conducting credit research, coordinating with underwriters, and ensuring that the loans are processed in a timely manner. They assess the ability of the applicant to repay the loan, verify the information provided, and prepare documents for closing. The Loan Processor plays a key role in ensuring the smooth running of the loan approval process, that conforms with bank regulations and guidelines.
Important skills for a Loan Processor include excellent communication, attention to detail, quality customer service, and problem-solving abilities. They should be proficient in using loan processing software and have a strong understanding of banking and financial principles. Some of the certifications that could be beneficial are Certified Mortgage Loan Processor (NAMP-CMLP) and FHA Direct Endorsement (DE) Underwriting certification. Prior to becoming a Loan Processor, an individual might have roles such as Loan Officer Assistant, Credit Analyst, or Customer Service Representative in a banking or financial institution.
other loan operation associates Identify critical original documentation needed for preservation and loan maintenance and monitoring needed pursuant to loan documentation and other lending guidelines...
Assists in requesting and receiving missing loan documentation such as flood certifications, hazard policies with correct endorsements or condo questionnaires....
Knowledge of the mortgage process from origination to post closing. Obtain and maintain NMLS license number as required each year, including completion of required education and training....
Remote WorkExpert knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending for conventional,...
We are looking for a positive, upbeat, organized and motivated person to join our team to replace our current processor who is retiring! This is an excellent opportunity for a current processor or...
Job Responsibilities Retail Loan Documentation: Review the loan document preparation queue and prioritize daily loan processing; prepare loan documents that reflect approved loan terms and collateral...
A Consumer Loan Processor is responsible for the processing and closing of Consumer Direct and Indirect loan products....
Easy Street Capital is a private real estate lender headquartered in Austin, Texas serving real estate investors around the country. Defined by an experienced team and innovative loan programs,...
Maven is looking for a loan processor to transition into the oil and gas industry as a division order analyst....
Integral to the booking/boarding process. The goal of this position is to fund new loans successfully, efficiently, and accurately book the new loan into the Underwriting system. RESPONSIBILITIES...
Loan Processor- Department of Housing & Community Development
- Baltimore, MD
- 12 hours ago
- Baltimore, MD
- 12 hours ago
CLASS DESCRIPTION A Loan Processor, reviews applications for grant and loan programs, checking for completeness and accuracy and determining eligibility based on established criteria....
Communicate with SBA Loan Officers and SBA Credit Analysts throughout the loan process. Assisting in training of new hires on aspects of the loan process....
Job Title: Senior Loan Processor Location: Remote Texas What you'll do: As a Senior Loan Processor you'll process residential mortgage loan files from initial application to funding, ensuring timely...
Ability to manage multiple projects, under tight deadlines while maintaining the accuracy and integrity of loan documentation....
JOB REQUIREMENTS: Why NEBAT? Trusted. Genuine. Successful. NationalExchange Bank & Trust is an independent, family-owned bank with big bankabilities, serving Southeastern Wisconsin. Founded in...
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs Nationwide
Highest Education Level
Loan Processors offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Federal National Morgage Association
- Mortgage Lending
- Consumer Lending
- Loan Documentation
- Lending
- Loan Origination
- Nationwide Mortgage Licensing System & Registry
- FHLMC
- Fannie Mae
- Loan Review
- BSA
- Freddie Mac
- Conventional Loans
- Commercial Lending
- Federal Housing Administration
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- OFAC
- Mortgage Processing
- Loan Servicing
- USDA
- Financial Services
- Encompass
- Underwriting
- Fraud Investigation
- Appraisal
- Payment Processing
- General Ledger
- Problem Resolution
- Real Estate
- Closing
- Finance
- Accounting
- High School Diploma
- Prioritizing
- Quality Control
- Verbal Communication
- Written Communication
- Documentation
- Data Entry
- Filing
- Reporting
- Sales
- Regulations
- Multitasking
- Policy Development
- Microsoft Excel
- Microsoft Office
- Problem Solving
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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