Loan Processor Jobs in Clarkston, 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.

1-6 of 6 Jobs

Entry Level Loan Processing Specialist

  • Pontiac, MI (7 miles from Clarkston, MI)
  • 23 hours ago
  • Pontiac, MI (7 miles from Clarkston, MI)
  • 23 hours ago

United Wholesale Mortgage (UWM) is Americas #1 mortgage lender and were looking to fill an immediate need for Mortgage Operations Specialists....

Mortgage Loan Processor Lapeer Downtown

  • Lapeer, MI (23 miles from Clarkston, MI)
  • 1 day ago
  • Lapeer, MI (23 miles from Clarkston, MI)
  • 1 day ago

Reports To: Mortgage Loan Processor Team Lead Essential Duties and Responsibilities Maintain caseload in a timely and responsible manner....

Loan Operations Specialist

  • Novi, MI (18 miles from Clarkston, MI)
  • 11 days ago
  • Novi, MI (18 miles from Clarkston, MI)
  • 11 days ago

Loan Operations Specialist Location: CityScape What you'll do: The Loan Administration Specialist is responsible for various disbursement department duties relating to administration of loan...

Private Mortgage Loan Processor

  • Farmington Hills, MI (15 miles from Clarkston, MI)
  • 29 days ago
  • Farmington Hills, MI (15 miles from Clarkston, MI)
  • 29 days ago

Position Qualifications: High School Diploma/GED 3 years of relevant banking experience and knowledge of general loan documentation, policies in mortgage lending and processes Work Best Category: Category...

Senior Commercial Loan Documentation Specialist Fenton Support Center

  • Fenton, MI (17 miles from Clarkston, MI)
  • 30+ days ago
  • Fenton, MI (17 miles from Clarkston, MI)
  • 30+ days ago

processing....

Mortgage Loan Processor Fenton

  • Fenton, MI (17 miles from Clarkston, MI)
  • 90+ days ago
  • Fenton, MI (17 miles from Clarkston, MI)
  • 90+ days ago

Reports To: Mortgage Loan Processor Team Lead Essential Duties and Responsibilities Maintain caseload in a timely and responsible manner....

Demographic Data for Clarkston, MI

Moving to Clarkston, MI? Find some basic demographic data about Clarkston, MI below.


Local
National
48,713
1,063
Medium

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: 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...
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...

Salary for Loan Processor Jobs in Clarkston, MI

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

Highest Education Level

Loan Processors in Clarkston, MI 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
11.7%
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 Clarkston, MI
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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