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Responsibilities
Set up loan file in accordance with department policy.
Prepare loan documents.
Inform supervisor of discrepancies.
Must be aware of compliance issues and provide notices to customers as necessary.
Assist loan officers, as needed.
Upload all documentation gathered and closed documentation into Director.
After closing, verify that all necessary documents are properly executed, send out and track documents to be recorded, disburse funds as necessary, and prepare funding documents for system entry by Loan Operations Department.
Verify that all file maintenance items have been entered into tickler system for accurate and completetracking;follow-upon tickler items in a timelyfashion;
file incomingitems;remove outdated items from files forlong-termretention;prepare partial releases ifnecessary;and process closed files, all in accordance with departmental procedures.
Promote and implement the bank's sales culture and service philosophies.
Perform other Processor duties as assigned.
Experience & Education
High school diploma or general education degree(GED)required.
Three to six months related experience and / or training.
LI-LG1
We offer Medical, Dental, Vision, Paid Time Off, 401k and much more.
Last updated : 2024-05-16
Full Time
$38k-47k (estimate)
05/18/2024
08/16/2024
accelmortgagenow.com
Seattle, WA
<25
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.
02/27/2022: Reading, PA
Step 3: View the best colleges and universities for Loan Processor.