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loanDepot
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Mortgage Loan Processor
loanDepot Chandler, AZ
$63k-84k (estimate)
Full Time | Retail 5 Days Ago
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loanDepot is Hiring a Mortgage Loan Processor Near Chandler, AZ

Position SummaryLoan Processors will work independently processing both conventional and government products. They will examine and evaluate approval of customer applications for real estate loans and will be responsible for the closing of loans in a timely manner.
Responsibilities
  • Review loan files and determine what documentation is required to meet investor guidelines
  • Communicate and respond to internal customers (Loan Consultants, Processing Managers) and external customers (borrowers, 3rd party vendors) generally within 2 hours
  • Utilize pipeline reports to effectively manage loans and prioritize daily workflow
  • Become proficient with document management system and update all information appropriately and accurately in system
  • Consult with Loan Processing Manager weekly on loan status and prioritizes workflow accordingly
  • Maintains current knowledge of guidelines and loan programs
  • Requests, organizes, and processes loan documentation and independently submitting files to Underwriting monthly
  • Successfully manage a full pipeline, month over month
  • Consistently hit monthly funding requirements based on pipeline size and current market conditions
Requirements
  • Hybrid Position - Must be in office 2 days a week (Monday and Tuesday) in our Chandler, AZ office
  • 5 years loan processing experience required
  • Automated Underwriting (DU) experience required
  • Purchase processing experience required
  • FHA/VA product experience required
  • Builder loan processing experience strongly preferred
  • High school diploma or general education degree (GED) required
Why work for #teamloanDepot:
  • Compensation package based on experience and skillset
  • Inclusive, diverse and collaborative culture where people from all backgrounds can thrive
  • Work with other passionate, purposeful and customer-centric people
  • Extensive internal growth and professional development opportunities including tuition reimbursement
  • Comprehensive benefits package including Medical/Dental/Vision
  • Wellness program to support both mental and physical health
  • Generous paid time off for both exempt and non-exempt positions
About LoanDepotloanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Retail

SALARY

$63k-84k (estimate)

POST DATE

06/06/2024

EXPIRATION DATE

06/28/2024

WEBSITE

loandepot.com

HEADQUARTERS

SCHAUMBURG, IL

SIZE

7,500 - 15,000

FOUNDED

2009

TYPE

Public

REVENUE

$3B - $5B

INDUSTRY

Retail

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loanDepot is a mortgage and non-mortgage firm that offers home equity, refinance and personal loans services.

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The job skills required for Mortgage Loan Processor include Underwriting, Loan Processing, Loan Review, etc. Having related job skills and expertise will give you an advantage when applying to be a Mortgage Loan Processor. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Mortgage Loan Processor. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Mortgage Loan Processor positions, which can be used as a reference in future career path planning. As a Mortgage Loan Processor, it can be promoted into senior positions as a Loan Processor II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage Loan Processor. You can explore the career advancement for a Mortgage Loan Processor below and select your interested title to get hiring information.

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If you are interested in becoming a Mortgage 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 Mortgage Loan Processor for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Mortgage Loan Processor job description and responsibilities

Loan processors must communicate regularly with loan officers and lenders to complete the loan process.

01/24/2022: Jacksonville, FL

Manages an active pipeline of loans (average of 15-20 loans monthly) and maintains timely and compliant flow of such loans through the process.

03/09/2022: Sarasota, FL

The Loan processor also helps to ensure that the loan approval stays within lending guidelines.

02/19/2022: San Bernardino, CA

Loan processors should be able to make right decisions at the right time.

03/30/2022: Springfield, MO

Responsible for providing clerical support for all mortgage loan processing activities.

04/03/2022: Worcester, MA

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 Mortgage Loan Processor jobs

Communicate with lenders regarding required loan documentation for complete file documentation.

01/24/2022: Rock Island, IL

Must have at least one year of loan processing experience.

03/14/2022: Saginaw, MI

Proficient knowledge of lending processes, loan principles, loan systems.

03/10/2022: San Bernardino, CA

Advanced knowledge of mortgage lending, processing, credit analysis, mortgage laws and regulations.

03/28/2022: Reno, NV

A comprehensive certification training program for new & existing loan processors.

02/20/2022: Rock Island, IL

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

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College