Loan Processor Jobs in Spokane Valley, WA

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.

1-3 of 3 Jobs

Commercial Loan Support Specialist II

  • Coeur d Alene, ID (21 miles from Spokane Valley, WA)
  • 18 days ago
  • Coeur d Alene, ID (21 miles from Spokane Valley, WA)
  • 18 days ago

Do you have a passion for turning not-so-complex loan processes into smooth, customer-friendly experiences? Then we've got the perfect opportunity for you! Why Join Our Team?...

General Ledger - Commercial Loan Support Specialist

  • Liberty Lake, WA (2 miles from Spokane Valley, WA)
  • 22 days ago
  • Liberty Lake, WA (2 miles from Spokane Valley, WA)
  • 22 days ago

Perform a detailed review of all booked loans to ensure boarding data accuracy and that loansare in agreementwith accounting and loan system records as well as in compliance with Bank commitments, lending...

Commercial Loan Support Specialist

  • Liberty Lake, WA (2 miles from Spokane Valley, WA)
  • 45+ days ago
  • Liberty Lake, WA (2 miles from Spokane Valley, WA)
  • 45+ days ago

Communicate with lending personnel to resolve discrepancies and obtain additional information when necessary....

Demographic Data for Spokane Valley, WA

Moving to Spokane Valley, WA? Find some basic demographic data about Spokane Valley, WA below.


Local
National
7,705,271
197,951

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: The Decision
So far, in our series on loan processing, we've covered taking the application, verifying that data, compliance regulations, and underwriting the loan. For the final step, we're going to talk...
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 Spokane Valley, WA

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

Highest Education Level

Loan Processors in Spokane Valley, WA 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 Spokane Valley, WA
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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