What are the responsibilities and job description for the Loan Processor position at Black Diamond Mortgage Corporation?
A Mortgage Loan Processor manages the loan application from submission to closing, acting as a crucial link between borrowers, loan officers, and underwriters by gathering, verifying, and organizing all financial documents (pay stubs, bank statements, credit reports) to ensure accuracy, completeness, and compliance with lending guidelines, ultimately preparing the file for final approval and funding. They handle behind-the-scenes tasks like chasing missing documents, clearing conditions, communicating status updates, and ensuring adherence to regulations.