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Overview:
We are seeking a highly organized and detail-oriented individual to join our team as a Loan Processor. As a Loan Processor, you will play a crucial role in ensuring the smooth and efficient processing of loan applications.
Duties:
- Review loan applications and supporting documentation for completeness and accuracy
- Loan servicing activities including billing, payment processing and collections.
- Provides support services assisting customers regarding payment and adjustments, accounting, and general inquiries.
- Maintain loan servicing records and files and prepare routine reports.
- Ensures that loan servicing operations are in accordance with established policies and procedures.
- Communicate with loan officers and borrowers to gather any additional information or documentation required
- Maintain confidentiality of borrower information and adhere to data security protocols
- Assist with loan origination process as needed
Requirements:
- Previous experience as a Loan Processor or in a similar role preferred
- Strong understanding of loan processing procedures and underwriting guidelines
- Excellent attention to detail and organizational skills with the ability to multitask and prioritize tasks effectively.
- Ability meet deadlines in a fast-paced environment
- Proficient computer skills, including experience with loan processing software and Microsoft Office Suite
- Strong communication skills, both written and verbal (Bilingual in English and Spanish is a must)
- Ability to work independently as well as collaboratively with a team
Please note that all positions at our company are paid positions. We offer competitive compensation packages and opportunities for career growth within our organization.
Job Type: Full-time
Pay: $30,000.00 - $60,000.00 per year
Schedule:
Work Location: In person
Full Time
$35k-44k (estimate)
04/02/2024
06/01/2024
ammanagement.net
FAIRBORN, OH
50 - 100
1983
WENDY SHEPERD
$5M - $10M
The job skills required for Loan Processor include Underwriting, Loan Processing, Loan Origination, Microsoft Office, Attention to Detail, Communication Skills, etc. Having related job skills and expertise will give you an advantage when applying to be a 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 Loan Processor. Select any job title you are interested in and start to search job requirements.
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.