Loan Processor Jobs in Maryland Heights, MO

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.

1-7 of 7 Jobs

Loan Operations Specialist

  • Maryland Heights, MO
  • 3 days ago
  • Maryland Heights, MO
  • 3 days ago

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...

Loan Administration Specialist

  • Saint Louis, MO (15 miles from Maryland Heights, MO)
  • 15 days ago
  • Saint Louis, MO (15 miles from Maryland Heights, MO)
  • 15 days ago

Requirements: Prior consumer and/or commercial loan documentation knowledge; previous work with GFS and Loan IQ; excellent written and verbal communication skills; strong organizational and multi-tasking...

Loan Operations Specialist. Job in Bridgeton Gr8Jobs

  • Hazelwood, MO (5 miles from Maryland Heights, MO)
  • 17 days ago
  • Hazelwood, MO (5 miles from Maryland Heights, MO)
  • 17 days ago

lending teams and other loan operation associates Identify critical original documentation needed for preservation and loan maintenance and monitoring needed pursuant to loan documentation and other...

Loan Operations Specialist. Job in Ballwin Gr8Jobs

  • Manchester, MO (10 miles from Maryland Heights, MO)
  • 17 days ago
  • Manchester, MO (10 miles from Maryland Heights, MO)
  • 17 days ago

This role requires excellent customer service skills and collaboration with various teams to ensure accuracy in loan processing and documentation....

Loan Operations Specialist. Job in Columbia Gr8Jobs

  • Columbia, IL (23 miles from Maryland Heights, MO)
  • 17 days ago
  • Columbia, IL (23 miles from Maryland Heights, MO)
  • 17 days ago

The role involves collaboration with third parties and internal departments to ensure exceptional customer service, as well as managing loan documentation, reconciliations, and escrow accounts....

Loan Administration Specialist - GWIM Credit Operations

  • Saint Louis, MO (15 miles from Maryland Heights, MO)
  • 20 days ago
  • Saint Louis, MO (15 miles from Maryland Heights, MO)
  • 20 days ago

Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and...

Loan Administration Specialist - Global Operations

  • Saint Louis, MO (15 miles from Maryland Heights, MO)
  • 21 days ago
  • Saint Louis, MO (15 miles from Maryland Heights, MO)
  • 21 days ago

Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and...

Demographic Data for Maryland Heights, MO

Moving to Maryland Heights, MO? Find some basic demographic data about Maryland Heights, MO below.


Local
National
22,362
830
Medium

Loan Processor Online Courses and Training Opportunities

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Loan Processing
Processing a loan can be a complex endeavor. The most common loans offered by mortgage lenders include conventional conforming, conventional nonconforming, FHA, VA, and subprime loans. For most...
Loan Processing: Underwriting
Underwriting is the fourth step in processing a loan. It's what happens behind the scenes once you submit your application. It's one of the most critical steps, because the underwriter makes the...
Loan Processing: Verification
The second step of loan processing is verification. After the loan application is completed, it's turned over to the loan processor. They obtain the necessary information from the applicant and...

Salary for Loan Processor Jobs in Maryland Heights, MO

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Processors in Maryland Heights, MO offer the following education background
Bachelor's Degree
35.6%
High School or GED
23.0%
Associate's Degree
14.8%
Vocational Degree or Certification
11.8%
Master's Degree
11.0%
Some College
2.4%
Doctorate Degree
0.9%
Some High School
0.5%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Processors in Maryland Heights, MO
2-4 years
30.6%
Less than 1 year
23.9%
6-8 years
13.6%
None
12.9%
4-6 years
12.3%
1-2 years
6.7%



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