Loan Processor

Duties:
- Review and analyze loan applications to ensure accuracy and completeness
- Verify borrower information and documentation, including income, employment, credit history, and assets
- Calculate debt-to-income ratios and evaluate borrower's ability to repay the loan
- Prepare loan files for underwriting and submit to appropriate parties for approval
- Communicate with borrowers, loan officers, and underwriters to gather additional information or clarify discrepancies
- Ensure compliance with all applicable laws, regulations, and company policies
- Maintain accurate records of loan transactions and update loan files as necessary
- Collaborate with other departments to facilitate a smooth loan closing process

Skills:
- Strong knowledge of loan processing procedures and financial services industry
- Proficient in credit analysis and evaluating borrower qualifications
- Familiarity with FNMA (Fannie Mae) guidelines and TILA (Truth in Lending Act) regulations
- Experience working with loan officers and mortgage servicing software systems
- Excellent 10-key typing skills for accurate data entry
- Knowledge of Fair Housing regulations and commitment to fair lending practices
- Ability to interpret and analyze complex loan documents and contracts

We offer competitive compensation and benefits packages. Join our team of dedicated professionals in a supportive work environment. Apply now to be considered for this exciting opportunity.

Note: This job description is intended to provide a general overview of the position. It is not an exhaustive list of all responsibilities, duties, skills, or qualifications required.

Job Type: Contract

Pay: $22.00 - $25.00 per hour

Expected hours: 40 per week

Physical setting:

• Office

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Work Location: In person