Loan Processor Jobs in Santa Monica, CA

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.

1-4 of 4 Jobs

Loan Documentation Specialist III

  • Los Angeles, CA (14 miles from Santa Monica, CA)
  • 11 days ago
  • Los Angeles, CA (14 miles from Santa Monica, CA)
  • 11 days ago

LOAN DOCUMENTATION SPECIALIST III WHAT IS THE OPPORTUNITY?...

Loan Operations Specialist

  • Lakewood, CA (23 miles from Santa Monica, CA)
  • 17 days ago
  • Lakewood, CA (23 miles from Santa Monica, CA)
  • 17 days ago

Office setting w/controlled temperature Education and Experience High School Diploma or equivalent required Loan documentation and loan servicing experience preferred As a part of the Bank’s internal...

Mortgage Loan Processor (PPR) (Westlake Village, CA)

  • Westlake Village, CA (22 miles from Santa Monica, CA)
  • 30+ days ago
  • Westlake Village, CA (22 miles from Santa Monica, CA)
  • 30+ days ago

Mortgage Loan Processor (PPR) - Westlake Village, CA Agility 360 is searching for experienced Mortgage Loan Processor (PPR) for a 6-month contract position with our growing client....

Loan Operations Specialist II

  • Inglewood, CA (8 miles from Santa Monica, CA)
  • 30+ days ago
  • Inglewood, CA (8 miles from Santa Monica, CA)
  • 30+ days ago

Ability to read and interpret loan approvals and loan documentation Ability to complete task within established timeframe Maintain professional attitude to both internal and external customers Proficient...

Demographic Data for Santa Monica, CA

Moving to Santa Monica, CA? Find some basic demographic data about Santa Monica, CA below.


Local
National
95,701
7,484
Medium/Lg

Loan Processor Online Courses and Training Opportunities

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Loan Processing
Processing a loan can be a complex endeavor. The most common loans offered by mortgage lenders include conventional conforming, conventional nonconforming, FHA, VA, and subprime loans. For most...
Loan Processing: The Decision
So far, in our series on loan processing, we've covered taking the application, verifying that data, compliance regulations, and underwriting the loan. For the final step, we're going to talk...
Loan Processing: Verification
The second step of loan processing is verification. After the loan application is completed, it's turned over to the loan processor. They obtain the necessary information from the applicant and...

Salary for Loan Processor Jobs in Santa Monica, CA

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Processors in Santa Monica, CA offer the following education background
Bachelor's Degree
35.7%
High School or GED
22.9%
Associate's Degree
14.9%
Vocational Degree or Certification
11.8%
Master's Degree
11.0%
Some College
2.4%
Doctorate Degree
0.9%
Some High School
0.5%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Processors in Santa Monica, CA
2-4 years
30.6%
Less than 1 year
23.9%
6-8 years
13.6%
None
12.9%
4-6 years
12.3%
1-2 years
6.7%



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