What are the responsibilities and job description for the Loan Processor position at W3Global?
Our client is seeking a Loan Processor- responsibilities and daily operations handled by a loan processor to ensure a seamless closing process.
A loan processor serves as the essential link between borrowers, underwriters, and settlement agents. The primary focus is to review and verify application materials-such as W-2s and credit histories-to ensure all files meet lender guidelines for a "Clear to Close" status.
Responsibilities
In addition to coordinating with the closing department and title agents for the timely delivery of loan document packages, daily responsibilities include:
A loan processor serves as the essential link between borrowers, underwriters, and settlement agents. The primary focus is to review and verify application materials-such as W-2s and credit histories-to ensure all files meet lender guidelines for a "Clear to Close" status.
Responsibilities
In addition to coordinating with the closing department and title agents for the timely delivery of loan document packages, daily responsibilities include:
- File Review: Thoroughly checking loan files for missing details, verifying employment, and running credit reports.
- Liaising: Acting as the primary point of contact between loan officers, real estate agents, title companies, and underwriters.
- Compliance: Ensuring all financial data and regulatory disclosures adhere to legal standards prior to closing.
Salary : $60,000 - $90,000