About This Role
This Loan Processor role is for a motivated and detail-oriented professional to join a dynamic financial services team. It involves managing the end-to-end mortgage loan processing workflow, ensuring accuracy, compliance, and timely delivery of mortgage and loan documentation. The position contributes to a fast-paced environment where skills directly impact clients
Responsibilities
- Review and verify all loan documentation to ensure completeness and accuracy in accordance with industry standards
- Coordinate with assigned managing loan officer, underwriters, and clients to gather necessary information for loan approval processes
- Prepare and process loan applications using Encompass or similar mortgage servicing software while maintaining strict compliance with lending regulations
- Conduct credit analysis by reviewing credit reports and financial statements to assess borrower eligibility
- Ensure all loan documentation adheres to fair housing laws and banking regulatory compliance requirements
- Communicate effectively with clients via phone or email to provide updates on application status and clarify documentation needs
- Maintain detailed records of all loan processing activities, including escrow details, contracts, and internal communication logs
Requirements
- Proven experience in loan origination or mortgage processing within the financial services or banking industry
- Strong knowledge of Agency and NonQM guidelines, mortgage workflows, industry regulations such as TILA and TRID
- Familiarity with mortgage operations processes, underwriting procedures, and qualification analysis techniques
- Proficiency in Microsoft Office Suite (Outlook, Word, Excel, Onedrive), Adobe DC along with experience using Arive or comparable loan processing software
- Excellent attention to detail with strong organizational skills to manage multiple files simultaneously
- Ability to interpret complex financial data accurately using basic math skills and 10-key typing proficiency
- Solid understanding of fair housing regulations, mortgage compliance standards, and banking regulatory requirements
- Loan processing: 2 years (Required)
Nice to have:
Benefits
- Flexible spending account
- Paid time off
- Referral program
- Tuition reimbursement
Important Details
- Expected hours: 40.0 per week