Loan Processor

On-site five days per week for first 90 days, then remote one day per week

Summary:

The Loan Processor is responsible for managing the intake, documentation, and preparation of loan files to ensure they are complete, accurate, and ready for underwriting review. This role plays a critical part in driving efficiency across the lending process by proactively identifying missing information, coordinating third-party requirements, and supporting the underwriter in clearing conditions.

The ideal candidate is highly organized, detail-oriented, and capable of managing multiple loan files in a fast-paced environment while maintaining a high standard of accuracy and communication.

Job Description:

• Loan File Management & Preparation
  • Collect, review, and organize documentation to ensure completeness and accuracy prior to underwriting submission
  • Prepare loan files in accordance with internal policies and underwriting guidelines
  • Identify and resolve documentation gaps, inconsistencies, or errors

• Underwriting Support
  • Review underwriting conditions and coordinate with relevant parties to obtain required documentation
  • Support underwriter by maintaining clean, well-documented files and responding to follow-up requests
• Third-Party Coordination
  • Order and track third-party services (i.e., appraisals, credit reports, judgement and lien searches, UCCs)
  • Ensure all external documentation is received, reviewed, and uploaded in a timely manner

• Pipeline & Workflow Management
  • Maintain an organized pipeline of active loan files, ensuring all deadlines are met
  • Proactively follow up on outstanding items to prevent delays
  • Communicate status updates to stakeholders and escalate risks or delays, as necessary

• Compliance & Quality Control
  • Ensure loan files meet internal standards, bank requirements, and audit readiness
  • Maintain accurate and complete records
  • Adhere to all company policies, procedures, and confidentiality requirements

Qualifications:

• Education & Experience
  • Bachelor's degree in finance, business, or related field preferred
  • 2+ years of experience in loan processing, underwriting support, banking, or financial services

• Skills & Competencies
  • Strong attention to detail and commitment to accuracy
  • Excellent organizational and time management skills
  • Ability to manage priorities and meet deadlines in a fast-paced environment
  • Strong communication skills, both written and verbal
  • Working knowledge of loan documentation and underwriting processes
  • Proficiency in Microsoft Excel, Word, and document management
  • Experience working with invoices, reconciliations, and billing processes
  • Problem analysis and problem-solving skills

$50-60K