1 Loan Processor Job in Midlothian, VA
C&F Mortgage is Hiring a Loan Processor Near Midlothian, VA
Overview
Verifies, compiles, and enters application information for mortgage loans by performing the following duties. This position performs purely clerical, or administrative tasks, on behalf of loan originators but does not take consumer credit applications, offer, or negotiate credit terms.
Responsibilities
Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
Corresponds with credit bureau and employer to verify accuracy of information.
Enters or downloads loan application information in mortgage software.
Calls specified companies to obtain property abstract, survey, and appraisal.
Informs supervisor of discrepancies in title or survey.
Submits mortgage loan application file for underwriting approval.
Follow-up on any additional requirements by underwriter.
Creates and mails approval and denial letters to applicants.
Submits approved mortgage loan file to Mortgage Loan Closer for settlement.
Records data on status of loans.
Provide excellent internal and external customer service.
Qualifications
Five or more years of recent processing experience with government and convention loans.
EEO/AA/M/F/Veteran/Disability
Job Summary
Other
Lending & Credit
$38k-48k (estimate)
05/08/2024
07/06/2024
cfmortgagecorp.com
NORTH CHESTERFIELD, VA
200 - 500
1995
Private
BRYAN MCKERNON
$10M - $50M
Lending & Credit
Related Companies
The following is the career advancement route for Loan Processor positions, which can be used as a reference in future career path planning. As a Loan Processor, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Processor. You can explore the career advancement for a Loan Processor below and select your interested title to get hiring information.
If you are interested in becoming a Loan Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Processor for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Loan Processor job description and responsibilities
A loan processor reviews loan applications before sending them to the underwriter for approval.
01/11/2022: Springfield, IL
A loan processor will constantly work with computers and other electronic devices.
02/23/2022: Harlingen, TX
Loan officers evaluate, authorize, or recommend approval of loan applications.
01/09/2022: Orange, CA
Loan processors have to request additional documentation that may not be readily available for an applicant, like bank statements from several months ago or past years’ tax documents.
01/08/2022: Memphis, TN
Not only do loan processors collect and organize all of the loan documents, but they also order and organize various third-party requirements.
03/12/2022: Grand Forks, ND
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Loan Processor jobs
Analyze applicant's financial status, credit, and property evaluation to determine the feasibility of granting the loan.
03/14/2022: Burlington, VT
Analyze potential loan markets to develop prospects for future loans.
01/23/2022: Cincinnati, OH
Approve the loan within specified time limits.
03/06/2022: Helena, MT
Communicate With Current and Potential Customers.
03/07/2022: Pensacola, FL
The most common types of unsecured loan are credit cards, student loans, and personal loans.
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Step 3: View the best colleges and universities for Loan Processor.
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