Loan Processor Jobs in Clinton Township, 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.

1-3 of 3 Jobs

HELOC Mortgage Processor

  • Troy, MI (12 miles from Clinton Township, MI)
  • 4 days ago
  • Troy, MI (12 miles from Clinton Township, MI)
  • 4 days ago

We are seeking Home Equity Processors to join our reputable Credit Union's Lending Team! Location: Troy, MI (near Somerset Mall) Pay Rate: Negotiable! Please apply today to review your resume....

Loan Processor

  • Detroit, MI (16 miles from Clinton Township, MI)
  • 13 days ago
  • Detroit, MI (16 miles from Clinton Township, MI)
  • 13 days ago

Process Conventional, FHA, VA, Non-QM, and Proprietary Bridge loans We'd Love to Hear From You if You Have: 2+ years experience with mortgage loan processing in Conventional, FHA, and VA loan types....

Remote Work

Loan Processor

  • Bloomfield Township, MI (18 miles from Clinton Township, MI)
  • 45+ days ago
  • Bloomfield Township, MI (18 miles from Clinton Township, MI)
  • 45+ days ago

Minimum 3 years current conventional fixed and ARM, HELOC and construction mortgage loan processing or origination experience. Experience in Mortgage Loan Processing....

Demographic Data for Clinton Township, MI

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


Local
National
100,573
2,360
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: 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 Clinton Township, MI

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

Highest Education Level

Loan Processors in Clinton Township, MI offer the following education background
Bachelor's Degree
35.6%
High School or GED
23.0%
Associate's Degree
14.8%
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 Clinton Township, 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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