Loan Processor Jobs in District of Columbia
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.
Mortgage Loan Processor-bilingual in English and Spanish.
- Washington, DC
- 24 days ago
- Washington, DC
- 24 days ago
Position Purpose Capital Bank is looking for a Mortgage Loan Processor to join our team....
MORTGAGE LOAN PROCESSOR III WHAT IS THE OPPORTUNITY? The Mortgage Loan Processor III is responsible for processing home equity line of credit's, purchase, and refinance transactions....
Demographic Data for District of Columbia
Moving to District of Columbia? Find some basic demographic data about District of Columbia below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in District of Columbia
Highest Education Level
Loan Processors in District of Columbia offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Federal National Morgage Association
- Mortgage Lending
- Consumer Lending
- Lending
- Loan Origination
- Loan Documentation
- Nationwide Mortgage Licensing System & Registry
- FHLMC
- Fannie Mae
- Jumbo Loans
- Loan Review
- BSA
- Freddie Mac
- Conventional Loans
- Commercial Lending
- Federal Housing Administration
- Tila Respa Integrated Disclosures
- VA Loans
- Loan Processing
- Loan Servicing
- Mortgage Processing
- USDA
- Financial Services
- Encompass
- Anti-Money Laundering
- Underwriting
- Appraisal
- Payment Processing
- General Ledger
- Real Estate
- Problem Resolution
- Closing
- Finance
- Accounting
- High School Diploma
- Prioritizing
- Microsoft Outlook
- Written Communication
- Documentation
- Reporting
- Filing
- Sales
- Regulations
- Multitasking
- Policy Development
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Microsoft Word
- Time Management
- Teamwork
- Organization
- Customer Service
- Research Skills
- Scheduling
- Computer Skills
- 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 »