Loan Processor

Job Summary

We are seeking a detail-oriented and experienced Loan Processor to join our financial services team. The ideal candidate will manage the processing of mortgage and commercial loan applications, ensuring compliance with industry regulations such as FNMA, TILA, and Fair Housing laws. This role requires strong analytical skills, knowledge of underwriting and loan origination processes, and the ability to coordinate with loan officers and clients to facilitate smooth loan closings. . The Loan Processor will play a vital role in maintaining accurate documentation, supporting mortgage servicing activities, and ensuring timely completion of loan files. Knowledge of title work and closing process is a must. Experience with Wolters Kluwer Loan Processing software is a highly preferred.

Duties

• Review and verify loan application documentation for completeness and accuracy
• Ensure compliance with Fair Housing regulations, TILA, and other federal or state lending laws
• Coordinate with loan officers, underwriters, escrow officers, and other stakeholders to facilitate efficient processing
• Manage loan contracts, disclosures, and related documentation throughout the loan lifecycle
• Maintain loan files to ensure proper documentation is collected and maintained
• Assist in resolving any issues or discrepancies that arise during the processing phase, and throughout the life of the loan.
• Stay informed about updates in banking regulations, mortgage industry standards, and best practices for loan processing

Requirements

• Proven experience in mortgage loan processing
• Ability to multi-task while maintaining accuracy
• Basic Math and Accounting skills
• Knowledge of FNMA guidelines, underwriting procedures, and loan origination processes
• Familiarity with Fair Housing regulations, TILA requirements, escrow procedures, and mortgage servicing practices
• Proficient keyboarding skills , familiarity with Word and Excel
• Ability to interpret contracts, legal documents
• Excellent organizational skills with attention to detail to ensure compliance and accuracy in all documentation
• Effective communication skills to coordinate with various stakeholders involved in the lending process
• Prior experience working within banking or financial institutions is preferred
• Ability to adapt to changing regulatory environments and industry standards

This position offers an opportunity to contribute significantly to our lending operations while developing expertise in mortgage and commercial loan processing within a professional environment committed to compliance and excellence.

Job Type: Full-time

Pay: $ $28.42 per hour

Expected hours: 40 per week

Benefits:

• 401(k)
• Dental insurance
• Flexible schedule
• Health insurance
• Paid time off
• Vision insurance

Work Location: In person

Salary : $28