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My Education Solutions
San Antonio, TX | Full Time
$40k-50k (estimate)
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Loan Processor
My Education Solutions San Antonio, TX
$40k-50k (estimate)
Full Time | Business Services 1 Month Ago
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My Education Solutions is Hiring a Loan Processor Near San Antonio, TX

Loan Processor
About the Role:
Are you a detail-oriented individual with a knack for organization and a passion for helping others achieve their financial goals? If so, then a career as a Loan Processor at My Education Solutions might be the perfect fit for you! In this role, you will play a vital role in the application process, ensuring its accuracy, completeness, and timely submission to the Department of Education. You will be a trusted partner to both MES advisors and clients, guiding them through the complexities of the process and providing excellent customer service.
Responsibilities:
  • Process student loan forgiveness applications:
    • Review and analyze applications for completeness and accuracy.
    • Gather and verify all necessary documentation, including tax returns and pay stubs.
    • Work with clients to resolve any discrepancies or missing information.
    • Prepare student loan forgiveness application for Department of Education review.
  • Maintain communication and relationships:
    • Communicate effectively with MES advisors and clients throughout the process.
    • Keep clients informed of the status of their applications and address their questions and concerns promptly.
    • Build strong relationships with clients to ensure a positive experience.
  • Adhere to regulations and procedures:
    • Ensure all processing activities comply with company policies, federal and state regulations, and industry best practices.
    • Maintain accurate and complete files for documentation and audit purposes.
    • Stay up-to-date on changes in regulations and procedures.
  • Other responsibilities:
    • Backup client care during busy call times.
    • Prepare and submit student loan forgiveness documents.
    • Assist with client servicing activities as required.
Qualifications:
  • Minimum of 3 years of experience in loan processing or a related field.
  • Strong understanding of loan processing procedures and regulations.
  • Excellent attention to detail and accuracy.
  • Proven ability to multitask and manage deadlines effectively.
  • Excellent communication and interpersonal skills.
  • Proficient in Microsoft Office Suite and loan CRM software.
  • Bachelor's degree in finance, business, or a related field preferred.
Benefits:
  • Competitive salary and benefits package.
  • 100% Company paid Health, Dental and Vision Insurance after 90 days
  • 1x Salary Company paid life insurance policy
  • Opportunity to work with a team of experienced professionals in a fast-paced environment.
  • Make a difference in the lives of your clients by helping them achieve their financial goals.
  • Career development and advancement opportunities.
To Apply:
Please submit your resume and cover letter. We look forward to hearing from you!

Job Summary

JOB TYPE

Full Time

INDUSTRY

Business Services

SALARY

$40k-50k (estimate)

POST DATE

05/09/2024

EXPIRATION DATE

07/07/2024

WEBSITE

myedusolutions.com

HEADQUARTERS

San Antonio, TX

SIZE

<25

INDUSTRY

Business Services

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The job skills required for Loan Processor include Loan Processing, Communicates Effectively, Microsoft Office, Attention to Detail, Life Insurance, 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.

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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.

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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.

Florida Southern College
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