4 Jobs in West Hartford, CT
First World Mortgage -- NMLS# 2643 is Hiring a Loan Processor Near West Hartford, CT
If you are an experienced loan processor, we have a great opportunity for you! We offer highly competitive compensation and benefit packages.
- The Loan Processor is responsible for ensuring the timely and accurate packaging of all loans originated by loan officers. The Loan Processor reviews files for completeness of submission and adherence to underwriting standards and regulatory compliance guidelines.
- Review files for completeness
- Verify accuracy of system input
- Analyze file; check ratios and program applicability
- Obtain accurate Automated Underwriting System (AUS) findings
- Consistent and effective communication with borrowers, loan officers and realtors regarding obtaining the required documentation for loan files and providing current status of loan files in process to all parties involved in the transaction
- Analyze credit reports, returned verifications and appraisal
- Prioritize work flow to ensure time sensitive files are handled in proper order
- Submit files to underwriting in a timely manner in accordance with company standards
- Ensure compliance with all regulatory and governmental standards, guidelines, rules and regulations
- Other job duties as designated by FWMC
- Minimum of a high school diploma and 5 years of related experience or equivalent is required.
- Strong knowledge of FNMA, FHLMC, FHA, VA, RD and State Housing lending guidelines and requirements.
- This position has familiarity with Microsoft Word/Excel/Outlook/SharePoint and the Internet. The Processor is also proficient in using Encompass and automated underwriting systems (AUS) to include DU/DO, LP and GUS
- Extensive and comprehensive knowledge of Encompass
- 5 years of experience as a loan processor
- Familiarity with both Desktop Underwriter and Loan Prospector
- Solid knowledge base of FannieMae, FreddieMac, FHA, VA, USDA, and renovation lending
- Ability to multitask frequently
- Ability to reprioritize on the fly
- Exceptional written and verbal communication skills
Job Summary
Full Time
$46k-57k (estimate)
05/31/2024
06/22/2024
The job skills required for Loan Processor include Underwriting, Credit Reports, Verbal Communication, 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.
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