Loan Processor

Position Overview

Reporting to the Processing Manager, this position will ensure the timely and accurate packaging of all loans originated, preparing the application for submittal to underwriting taking the file from pre-approval to closing. The role is responsible for collecting, verifying and uploading loan information into the Loan Origination System (LOS). The position will prepare loan files for review and analyze loan documentation for accuracy and completeness.

The role partners with loan officers, underwriters, cross-functional teams and departments to address conditions, resolve discrepancies to meet critical timelines. This position ensures compliance with regulatory requirements, company policies and investor guidelines to support the successful funding and closing of loans.

Core Functions and Responsibilities

• Review and verify loan application details for accuracy and completeness ensuring compliance with company policies and regulatory requirements
• Collect, organize and analyze supporting documentation including income, asset liability and credit information
• Prepare and submit complete loan files to the underwriting team ensuring all necessary conditions and documentation are provided
• Collaborate with internal and external stakeholders to address and obtain additional information required by underwriting
• Partner with loan officers and underwriters to address inquiries, resolve conditions and discrepancies during the loan review process
• Monitor the status of loans to ensure processing and closing timelines are met
• Provide status reports on each mortgage indicating process to the loan officers
• Establish and maintain accurate records updating files and databases for internal reporting
• Send and initiate follow up requests on verifications to employers, banks, and creditors
• Maintain accurate and organized records of loan files in accordance with company and regulatory standards
• Perform other duties and responsibilities as assigned

Qualifications

• High School diploma or GED preferred
• 2+ years' experience in loan processing in the mortgage industry
• 1+ years' experience in customer service
• Proven experience processing business purpose loans preferred
• Strong understanding of GFE, TIL and RESPA rules
• Prior experience working in a fast-paced, high-volume work environment preferred
• Solid skills and experience in MS Word, Excel and Outlook

Skills and Abilities

• Strong verbal and written communication skills
• Strong interpersonal skills
• Strong analytical skills
• Solid decision-making abilities coupled with sound judgment
• Strong time management skills
• Ability to prioritize numerous tasks and manage shifting priorities
• Client focused with strong execution skills and results orientation
• High-level of precision with attention to detail and consistency
• Flexible, open to change, ability to learn new things quickly
• Ability to work in a collaborative environment and provide guidance for working groups

Compensation and Benefits

Hiring Range: $22.00–$28.00 per hour

Compensation within this range may vary based on each candidate's job-related expertise, skills, and experience. Final offers are determined individually, reflecting the unique qualifications of each candidate.

Benefits Include:

• Paid Time Off (PTO)
• Floating Holiday
• Paid Parental Leave
• Medical
• Dental
• Vision
• Life & Disability
• FSA/HSA
• Fidelity 401(k) with employer match

Location: Remote