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Neighborhood loans
Downers Grove, IL | Full Time
$46k-59k (estimate)
1 Month Ago
Neighborhood loans
Downers Grove, IL | Full Time
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The Huntington National Bank
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The Huntington National Bank
Downers Grove, IL | Full Time
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Mortgage Loan Processor
Neighborhood loans Downers Grove, IL
$46k-59k (estimate)
Full Time 1 Month Ago
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Neighborhood loans is Hiring a Mortgage Loan Processor Near Downers Grove, IL

Mortgage Loan Processor

Our Loan Processors work closely with our Loan Officers to ensure a timely and accurate experience for our clients. This is a great opportunity for a Loan Processor who is looking to be part of a company with a great future in lending. We offer a tremendous opportunity for growth, excellent compensation, and benefits.

Expectations:

  • Potential job roles may include but are not limited to examining loan documentation for accuracy and completeness.
  • Working with loan originators and production staff to secure all required documents.
  • Working with underwriters on loan exceptions.
  • May be involved in one or several types of mortgage lending (Conventional, FHA , VA , etc...).
  • Perform quality control on loans certifying that all information is accurate and in accordance with federal and state mortgage lending regulations.

Essential Values:

  • Must possess at least 2 years of experience in Conventional and FHA Lending.
  • Fluent knowledge of DU & LP.
  • Must be proficient in using Loan Origination Software.
  • FHA Connection.
  • FHA and CONV experience; be attuned to all the latest HUD, RESPA, HVCC and Agency guidelines.
  • Ability to manage multiple tasks and deadlines simultaneously.
  • Proven customer service skills.
  • Effective verbal and written communication skills.
  • Proficient computer skills.

Job Type: Full-time

Schedule:

  • Monday to Friday

Job Type: Full-time

Pay: From $50,000.00 per year

Experience:

  • Encompass: 2 years (Required)
  • Mortgage: 5 years (Required)

Ability to Commute:

  • Downers Grove, IL 60515 (Required)

Work Location: In person

Job Summary

JOB TYPE

Full Time

SALARY

$46k-59k (estimate)

POST DATE

05/16/2024

EXPIRATION DATE

06/03/2024

WEBSITE

neighborhoodloans.com

HEADQUARTERS

LOMBARD, IL

SIZE

100 - 200

FOUNDED

2005

TYPE

Private

REVENUE

$10M - $50M

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About Neighborhood loans

Neighborhood Loans is a residential mortgage lender that offers construction financing, and relocation programs and consulting services.

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The job skills required for Mortgage Loan Processor include Mortgage Loans, Customer Service, Mortgage Lending, Written Communication, Loan Origination, Quality Control, etc. Having related job skills and expertise will give you an advantage when applying to be a Mortgage Loan Processor. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Mortgage Loan Processor. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Mortgage Loan Processor positions, which can be used as a reference in future career path planning. As a Mortgage Loan Processor, it can be promoted into senior positions as a Loan Processor II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage Loan Processor. You can explore the career advancement for a Mortgage Loan Processor below and select your interested title to get hiring information.

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If you are interested in becoming a Mortgage 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 Mortgage Loan Processor for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Mortgage Loan Processor job description and responsibilities

Loan processors must communicate regularly with loan officers and lenders to complete the loan process.

01/24/2022: Jacksonville, FL

Manages an active pipeline of loans (average of 15-20 loans monthly) and maintains timely and compliant flow of such loans through the process.

03/09/2022: Sarasota, FL

The Loan processor also helps to ensure that the loan approval stays within lending guidelines.

02/19/2022: San Bernardino, CA

Loan processors should be able to make right decisions at the right time.

03/30/2022: Springfield, MO

Responsible for providing clerical support for all mortgage loan processing activities.

04/03/2022: Worcester, MA

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 Mortgage Loan Processor jobs

Communicate with lenders regarding required loan documentation for complete file documentation.

01/24/2022: Rock Island, IL

Must have at least one year of loan processing experience.

03/14/2022: Saginaw, MI

Proficient knowledge of lending processes, loan principles, loan systems.

03/10/2022: San Bernardino, CA

Advanced knowledge of mortgage lending, processing, credit analysis, mortgage laws and regulations.

03/28/2022: Reno, NV

A comprehensive certification training program for new & existing loan processors.

02/20/2022: Rock Island, IL

Step 3: View the best colleges and universities for Mortgage Loan Processor.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College
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