5 loan processor i Jobs in detroit, mi
Strategic Staffing Solutions is Hiring a Mortgage Loan Processor Near Detroit, MI
Strategic Staffing Solutions is currently looking for a Mortgage Loan Processor for a contract opportunity with one of our largest clients located in Detroit, MI!
Title: Mortgage Loan Processor (Commercial lending)
Location: Detroit, MI (Remote in EST)
Duration: 3 Months
Role Type: W2 contract engagement
Job Summary
This position is the liaison between the borrower, builder and possibly the draw administration vendor. The individual will be responsible for issuing draws on all construction products and renovation type products in addition to balancing the accounting of funds within each loan. They will handle new loan set up packages, which will include reaching out to both borrowers and builders. All draw requests will be processed according to regulatory requirements.
Responsibilities:
- Reviewing loan documentation to determine all requirements and conditions of each project are being met.
- If discrepancies are found, must balance back to accounting sheet and verify with applicable vendor.
- Reviewing all documentation required for each draw. This may include review of all sworn statements, waivers, invoices, inspection and comparison to budget line items to ensure project is on track.
- Communication is required between the borrower, contractors and vendor.
- Processing of checks and wires.
- Working emails to extract all necessary details for the construction phase of the loan.
- Order inspections, title updates and surveys as required for each project type.
- Prepare disbursement and funding forms for approval by management.
- Maintain accurate records of each draw and interest reserve payments (if applicable) to ensure within budget.
- Assist with additional reporting as it pertains to borrower letters, delinquency and other departmental needs.
- Must stay abreast of compliance standards, system updates and departmental guidelines.
- Uploading documentation to applicable system.
- Adhere to all REGULATORY AND COMPLIANCE issues linked to the job and the team and understand how these issues help the bank achieve the vision of remaining an independent bank.
- HS Diploma, GED or Foreign Equivalent
- 3 years of extensive customer service experience
- 2 years of mortgage lending experience or college equivalent
- Intermediate computer skills required.
- Proficient in Microsoft Office and Outlook.
- Must be able to learn new software quickly.
- Intermediate mathematical skills required with ability to perform day to day mortgage mathematical calculations.
- Ability to speak and write effective in a professional business manner.
The global mission of S3 is to build trusting relationships and deliver solutions that positively impact our customers, our consultants, and our communities. The four pillars of our company are to:
- Set the bar high for what a company should do
- Create jobs
- Offer people an opportunity to succeed and change their station in life
- Improve the communities where we live and work through volunteering and charitable giving
- Medical Insurance
- Dental Insurance
- Vision Insurance
- 401(k) Plan
- Vacation Package
- Life & Disability Insurance Plans
- Flexible Spending Accounts
- Tuition Reimbursement
Publish Date: 25 Apr 2024
Job Summary
Full Time
$45k-58k (estimate)
06/14/2024
06/27/2024
CHARLESTON, SC
1,000 - 3,000
2007
STAN MCELVEEN
$200M - $500M
Business Services
Related Companies
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.
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.
