About This Role
Joining a dynamic team, the Loan Processor manages the end-to-end processing of loan applications, ensuring all documentation and compliance requirements are meticulously met. This energetic role streamlines the loan approval process, facilitates smooth communication between clients and underwriters, and upholds the highest standards of accuracy and efficiency. It is an ideal opportunity for someone who thrives in a fast-paced environment and is passionate about delivering exceptional financial services.
Responsibilities
- Review and verify all loan application documents to ensure completeness and accuracy
- Coordinate with loan officers, underwriters, escrow officers, and other stakeholders to facilitate seamless loan processing workflows
- Ensure compliance with federal regulations such as TILA (Truth in Lending Act), Fair Housing laws, and other applicable mortgage servicing standards
- Manage the entire loan origination process from initial application through final approval, including data entry using 10-key typing skills and basic math calculations
- Maintain detailed records of all transactions, correspondence, and compliance checks for audit readiness
- Stay updated on changes in banking regulations, mortgage contracts, and underwriting criteria to provide expert guidance throughout the loan lifecycle
- Assist with training new team members on loan processing procedures and regulatory requirements
Requirements
- Proven experience in loan processing within financial services or mortgage lending environments
- Strong knowledge of FNMA guidelines, underwriting procedures, TILA regulations, Fair Housing laws, and mortgage servicing practices
- Familiarity with loan origination systems and software; proficiency in data entry with 10-key typing skills
- Solid understanding of math skills necessary for accurate calculations
- Experience working with contracts, banking regulations, and compliance standards essential for maintaining regulatory adherence
- Excellent organizational skills with keen attention to detail to ensure error-free documentation
- Ability to communicate effectively with clients, lenders, underwriters, and other stakeholders to facilitate smooth processing workflows
- Knowledge of escrow processes and mortgage-related legal documentation is highly desirable
Benefits
- 401(k)
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Paid time off
- Vision insurance