Loan Processor

A Loan Processor ensures loan applications are complete, accurate, and compliant with lending regulations. They act as a liaison between loan officers, underwriters, and applicants, facilitating the smooth processing of loan requests.

Loan Processors review loan applications submitted by borrowers. They verify the information provided, such as income, employment history, credit reports, and assets. Ensuring that all required documents are included and accurate is a key part of their job. They also communicate with applicants to gather any missing or additional information needed for the loan application.

Once they have gathered all necessary documentation, Loan Processors organize and prepare the loan file for underwriting review. This involves compiling all relevant paperwork, such as tax returns, pay stubs, bank statements, and property appraisals. They ensure that the loan file meets the criteria set by regulatory bodies and internal policies.

Join us as a Loan Processor and play a pivotal role in our lending operations with your attention to detail and financial acumen!

In this role, you'll meticulously review and analyze loan applications, ensuring all documentation is accurate and compliant with regulatory standards. You'll also collaborate with loan officers, underwriters, and applicants to gather necessary information and expedite the loan approval process.

Drawing on your expertise in loan processing procedures and industry regulations, you'll verify applicant information, assess creditworthiness, and compile comprehensive loan files for underwriting review.

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• Ensure compliance with all relevant regulations and company policies.
• Collect and verify all necessary financial and personal information from applicants.
• Review and analyze credit reports, income documents, and asset statements.
• Ensure all loan documentation is complete and accurate for underwriting review.
• Calculate debt-to-income ratios and review loan files to ensure completeness.
• Communicate effectively with loan officers, applicants, and underwriters throughout the loan process.
• Coordinate and schedule loan closings.
• Maintain up-to-date knowledge of loan products, guidelines, and industry trends.

• Met company's weekly target of a processed number of loans
• Achieved a loan approval rate that met company expectations.
• Maintained a low loan processing error rate to ensure accuracy.
• Ensured all loan applications were processed within the company’s defined turnaround time.
• Supported the team in achieving a high customer satisfaction rating.

• Bachelor’s degree in Finance, Business Administration, or related field.
• Proven experience as a loan processor or similar role in the finance industry.
• Understanding of mortgage lending practices and regulations.
• Strong attention to detail and ability to work in a fast-paced environment.
• Ability to prioritize, multitask, and meet deadlines in a high-pressure environment.
• Decision-making ability to assess complex loan applications.
• Proficient in financial software and MS Office Suite.
• Excellent communication and interpersonal skills.
• Team player attitude with a focus on collaboration and problem-solving.
• Certification in loan processing or mortgage lending is a plus.