Loan Processor Jobs in Belmont, MI
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.
Commercial Loan Documentation Specialist - Grand Rapids, MI
- Grand Rapids, MI (9 miles from Belmont, MI)
- 1 day ago
- Grand Rapids, MI (9 miles from Belmont, MI)
- 1 day ago
What youll do: Loan documentation: Responsible for generating legal documentation for all commercial loans, including real estate, SBA, asset based, vehicle and equipment loans....
Mortgage Processor III- Cincinnati, Chicago, and Grand Rapids
- Grand Rapids, MI (9 miles from Belmont, MI)
- 4 days ago
- Grand Rapids, MI (9 miles from Belmont, MI)
- 4 days ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
Commercial Loan Documentation Specialist
- Sparta, MI (8 miles from Belmont, MI)
- 21 days ago
- Sparta, MI (8 miles from Belmont, MI)
- 21 days ago
CRA Loans entered on CRA Relief at least quarterly Training of new employees on commercial loan documentation and procedures Additional responsibilities as assigned....
Mortgage Loan Processor Kent City
- Kent City, MI (14 miles from Belmont, MI)
- 60+ days ago
- Kent City, MI (14 miles from Belmont, MI)
- 60+ days ago
Reports To: Mortgage Loan Processor Team Lead Essential Duties and Responsibilities Maintain caseload in a timely and responsible manner....
- Grand Rapids, MI (9 miles from Belmont, MI)
- 60+ days ago
- Grand Rapids, MI (9 miles from Belmont, MI)
- 60+ days ago
Finalize the loan processing stage by preparing loans for submission to the Closing department....
Demographic Data for Belmont, MI
Moving to Belmont, MI? Find some basic demographic data about Belmont, MI below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in Belmont, MI
Highest Education Level
Loan Processors in Belmont, MI 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
- Nationwide Mortgage Licensing System & Registry
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Commercial Lending
- Account Maintenance
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Encompass
- Mortgage Processing
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Reconciliations
- General Ledger
- File Management
- Real Estate
- Closing
- Finance
- Retail
- High School Diploma
- Auditing
- Written Communication
- Verbal Communication
- Telephone Skills
- Collaboration
- Documentation
- Reporting
- Data Entry
- Filing
- Regulations
- Policy Development
- Multitasking
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- Customer Service
- 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 »