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1 Loan Processor Job in Holladay, UT

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SEARCH Group Partners
Holladay, UT | Full Time
$56k-73k (estimate)
6 Days Ago
Loan Processor
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$56k-73k (estimate)
Full Time 6 Days Ago
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SEARCH Group Partners is Hiring a Loan Processor Near Holladay, UT

Job Description

Job Description

SEARCH Group Partners is seeking a Loan Underwriter for one of our clients located in Draper, UT.

Here's what we're looking for...

We are looking for a reliable professional to underwrite parameters and determine the best funding solutions for Small Business Owners. The goal is to help qualified applicants obtain funding in a timely manner and protect our organization’s credibility. Loan Processor duties and responsibilities will include analysis, appraisal and evaluation of funding applicants, as well as writing and finalizing contracts. This individual will need to be motivated to follow up with applicants to assist in finalizing the approval and funding process.

Here's what you'll be doing...

  • Perform initial appraisal of potential borrowers by thoroughly examining their applications
  • Assess the credit standings of applicants through background research
  • Interview applicants to evaluate their eligibility for funding
  • Conclude on all applicable financial and non-financial criteria and develop loan repayment plans
  • Follow up with clients to clarify important points
  • Finalize loan contracts and keep clients informed in rules and obligations
  • Remain up to speed regarding lending and other financial services
  • Create and renew records
  • Answer phone calls, emails and texts from applicants

Here's what you need to have...

  • Proven working experience in a lending role
  • Experience in B2B communication and relationships
  • Good knowledge of banking computer software and MS Office
  • Comprehension of direct/indirect lending procedures
  • In-depth understanding of relevant rules and regulations
  • Excellent communication and sales skills
  • Balance between customer satisfaction orientation and a results driven approach
Company Description
About SEARCH Group Partners:
SGP provides professional talent acquisition and consulting services. The services we offer include temporary, temporary-to-hire, permanent placement, executive search, consulting, interim management transitions, on-site solutions, outsourcing, talent development and human resources. SGP believes in and understands the importance of investing time into both our clients and candidates. We know what it takes to forge successful, professional, long-lasting relationships and partnerships. We represent an exclusive network of professionals and take the time to get to know every one of our clients and candidates personally.
At SEARCH Group Partners, we celebrate and support diversity and are proud to be an Equal Opportunity & Affirmative Action employer. To comply with federal regulations, we maintain records of the race and gender of applicants. For this reason and this reason only, we ask that you indicate your gender, race and ethnicity. If you do choose to answer these questions, this information will not affect your being considered for employment opportunities for which you are qualified.

Company Description

About SEARCH Group Partners:\r\nSGP provides professional talent acquisition and consulting services. The services we offer include temporary, temporary-to-hire, permanent placement, executive search, consulting, interim management transitions, on-site solutions, outsourcing, talent development and human resources. SGP believes in and understands the importance of investing time into both our clients and candidates. We know what it takes to forge successful, professional, long-lasting relationships and partnerships. We represent an exclusive network of professionals and take the time to get to know every one of our clients and candidates personally.\r\n\r\nAt SEARCH Group Partners, we celebrate and support diversity and are proud to be an Equal Opportunity & Affirmative Action employer. To comply with federal regulations, we maintain records of the race and gender of applicants. For this reason and this reason only, we ask that you indicate your gender, race and ethnicity. If you do choose to answer these questions, this information will not affect your being considered for employment opportunities for which you are qualified.

Job Summary

JOB TYPE

Full Time

SALARY

$56k-73k (estimate)

POST DATE

04/30/2024

EXPIRATION DATE

05/15/2024

WEBSITE

searchpartners-international.com

HEADQUARTERS

Rapid City, SD

SIZE

<25

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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.

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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.

02/27/2022: Reading, PA

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

Florida Southern College
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