Loan Processor Jobs
A Loan Processor in the banking industry serves as an intermediary between the potential borrower and the lending institution. They are responsible for reviewing loan applications, conducting credit research, coordinating with underwriters, and ensuring that the loans are processed in a timely manner. They assess the ability of the applicant to repay the loan, verify the information provided, and prepare documents for closing. The Loan Processor plays a key role in ensuring the smooth running of the loan approval process, that conforms with bank regulations and guidelines.
Important skills for a Loan Processor include excellent communication, attention to detail, quality customer service, and problem-solving abilities. They should be proficient in using loan processing software and have a strong understanding of banking and financial principles. Some of the certifications that could be beneficial are Certified Mortgage Loan Processor (NAMP-CMLP) and FHA Direct Endorsement (DE) Underwriting certification. Prior to becoming a Loan Processor, an individual might have roles such as Loan Officer Assistant, Credit Analyst, or Customer Service Representative in a banking or financial institution.
- Golden Bank, N.A.
- Houston, TX
- 3 days ago
- Golden Bank, N.A.
- Houston, TX
- 3 days ago
Maintain accurate and complete loan documentation, including disbursement logs and supporting records....
Proficient in Microsoft Word, Windows, use of the Internet and Encompass loan processing system. Knowledge of loan documentation policies and mortgage lending regulations....
Remote WorkMortgage Loan processor Manhattan, NY 6 Months Perform accounting for mortgage loan investments and service a portfolio of loans, including recording a variety of journal entries (i.e. acquisitions,...
Lead Commercial Mortgage Loan Administration Specialist-Commercial Real Estate Loan Operations
- Irving, TX
- 12 hours ago
- Irving, TX
- 12 hours ago
About this role: Wells Fargo is seeking a Lead Commercial Mortgage Loan Administration Specialist for the CRE Operations Specialized Operations. In this role, you will: Lead complex initiatives...
Audits files for compliance throughout the loan process: RESPA/GFE, all applicable State/Federal tests, TILA & other required state specific disclosures....
Position Summary The Processor I is responsible for the timely review of loan documentation to ensure accuracy, completeness and compliance with internal, regulatory, private mortgage insurance, and...
Remote WorkLoan Processor in Ada County, ID Job Description WE ARE HIRING! Idaho Housing and Finance Association is seeking a Mortgage Loan Processor to join our organization!...
Assist with and act as a reference point to lending staff in their various loan process and system duties. Delivers quality of service as defined by department standards....
Staffmark is hiring a Loan Processor in Alexandria, LA! We've partnered with a leading financial services company known for innovation, integrity, and exceptional customer service....
Verify and analyze loan documentation including credit reports, income, asset, appraisal, title, homeowner's insurance documents - as well as general ways to structure a loan Ensures a minimum level...
Remote WorkKeeps abreast of developments in the residential lending field related to loan processing and underwriting. Attends relevant courses and seminars....
- Chandler, AZ
- 1 day ago
- Chandler, AZ
- 1 day ago
About this role: Wells Fargo is seeking a Senior Commercial Mortgage Loan Administration Specialist within the Commercial Real Estate Homebuilder Operations as part of Commercial Banking...
Support the day-to-day planning and operations set by the Loan Processing Manager so that the team meets the required level of service or production....
This role stands as a vital pillar within our team, directly contributing to our seamless loan processing and loan documentation operations....
Administrative Assistant: Three or more years of experience as an administrative assistant or in a related job, preferably in the area of lending....
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs Nationwide
Highest Education Level
Loan Processors offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Jumbo Loans
- Loan Review
- Tila Respa Integrated Disclosures
- VA Loans
- BSA
- Loan Processing
- Federal National Morgage Association
- Commercial Lending
- Encompass
- Freddie Mac
- Fannie Mae
- FHLMC
- Mortgage Processing
- Financial Services
- Loan Servicing
- USDA
- Underwriting
- Appraisal
- Payment Processing
- General Ledger
- File Management
- Real Estate
- Finance
- Closing
- High School Diploma
- Accounting
- Written Communication
- Documentation
- Verbal Communication
- Data Entry
- Reporting
- Filing
- Policy Development
- Regulations
- Multitasking
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Microsoft Word
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loan Processor Related Career Advice Articles
How to Decide Between Investment Banking and Commercial Banking
Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.
Read article »
Career Spotlight: Personal Banker
What does a personal banker do? Is a personal banker salary rewarding? Get answers to these questions and more in our guide to personal banker careers.
Read article »