Loan Processor Jobs in Laurel, MD

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.

1-9 of 9 Jobs

Associate, Loan Servicing

  • Chevy Chase, MD (13 miles from Laurel, MD)
  • 22 hours ago
  • Chevy Chase, MD (13 miles from Laurel, MD)
  • 22 hours ago

COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter future for our clients and the communities we serve....

Loan Processor

  • Baltimore, MD (19 miles from Laurel, MD)
  • 8 days ago
  • Baltimore, MD (19 miles from Laurel, MD)
  • 8 days ago

As a Loan Processor for NVR Mortgage, you will work directly with our homebuying customers from Ryan Homes, NVHomes and Heartland Homes....

Loan Operations Specialist

  • Baltimore, MD (19 miles from Laurel, MD)
  • 12 days ago
  • Baltimore, MD (19 miles from Laurel, MD)
  • 12 days ago

Knowledge of commercial loan documentation and loan servicing/asset management is advantageous. Familiarity with Jack Henry is beneficial....

Mortgage Loan Processor

  • Bethesda, MD (14 miles from Laurel, MD)
  • 15 days ago
  • Bethesda, MD (14 miles from Laurel, MD)
  • 15 days ago

Skills: Strong knowledge of loan documentation policies and mortgage regulations. High attention to detail, accuracy, and ability to multitask. Excellent communication and customer service skills....

Residential Mortgage Processor

  • Bethesda, MD (14 miles from Laurel, MD)
  • 16 days ago
  • Bethesda, MD (14 miles from Laurel, MD)
  • 16 days ago

Key Responsibilities Review loan documentation to confirm alignment with term sheets and loan program guidelines....

Wholesale Mortgage Processor

  • Fort Washington, MD (24 miles from Laurel, MD)
  • 20 days ago
  • Fort Washington, MD (24 miles from Laurel, MD)
  • 20 days ago

Knowledge of mortgage loan processing, compliance, investor products, and underwriting guidelines. Working knowledge of various fraud tools....

4401 - Community Development Finance Associate

  • Washington, DC (16 miles from Laurel, MD)
  • 30+ days ago
  • Washington, DC (16 miles from Laurel, MD)
  • 30+ days ago

The candidate should have experience representing clients and lenders inmercial real estate finance transactions, including construction lending transactions....

Loan Operations Specialist

  • Silver Spring, MD (8 miles from Laurel, MD)
  • 30+ days ago
  • Silver Spring, MD (8 miles from Laurel, MD)
  • 30+ days ago

Diploma or General Education Degree (GED) 3 years loan servicing, loan documentation or related job experience in the financial industry Knowledge of Microsoft office products, preferably proficient...

Mortgage Loan Processor

  • Beltsville, MD (4 miles from Laurel, MD)
  • 30+ days ago
  • Beltsville, MD (4 miles from Laurel, MD)
  • 30+ days ago

Loan Processor IG Copy Insight Global is hiring for a Mortgage Loan Processor to join one of the largest homebuilding companies across the country in their Mortgage division....

Demographic Data for Laurel, MD

Moving to Laurel, MD? Find some basic demographic data about Laurel, MD below.


Local
National
120,050
2,276
Medium/Lg

Loan Processor Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
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: Compliance
Within three business days after completing and verifying the application, the lender needs to provide the applicant with a loan estimate of the anticipated closing costs. This estimate shows the...
Loan Processing: Underwriting
Underwriting is the fourth step in processing a loan. It's what happens behind the scenes once you submit your application. It's one of the most critical steps, because the underwriter makes the...

Salary for Loan Processor Jobs in Laurel, MD

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

Highest Education Level

Loan Processors in Laurel, MD offer the following education background
Bachelor's Degree
35.7%
High School or GED
22.8%
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 Laurel, MD
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%



Loan Processor Related Career Advice Articles

banker looking at charts on laptop
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 »
personal banker going over paperwork with her clients
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 »