Loan Processor Jobs in Michigan
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.
Minimum 3 years current conventional fixed and ARM, HELOC and construction mortgage loan processing or origination experience. Experience in Mortgage Loan Processing....
Your day as a Consumer Loan Processor As a Consumer Loan Processor at Mercantile Bank, your day-to-day responsibilities will include reviewing loan applications and documentation to ensure accuracy...
Remote WorkBilingual Mortgage Processor III- Chicago, IL or Grand Rapids, MI
- Grand Rapids, MI
- 6 days ago
- Grand Rapids, MI
- 6 days ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
This role stands as a vital pillar within our team, directly contributing to our seamless loan processing and loan documentation operations....
Bilingual Mortgage Processor III- Chicago, IL & Grand Rapids, MI
- Grand Rapids, MI
- 12 days ago
- Grand Rapids, MI
- 12 days ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
documentation packets Ensure compliance with all CIP and Beneficial owner requirements Reverse payments applied to loans incorrectly, returned for insufficient funds or any other reason Adheres to...
Mortgage Loan Processor 2 - Bi-lingual Spanish Preferred
- Byron Center, MI
- 30+ days ago
- Byron Center, MI
- 30+ days ago
process....
Remote WorkDemographic Data for Michigan
Moving to Michigan? Find some basic demographic data about Michigan below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in Michigan
Highest Education Level
Loan Processors in Michigan 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
- Freddie Mac
- BSA
- Conventional Loans
- Commercial Lending
- Federal Housing Administration
- Tila Respa Integrated Disclosures
- VA Loans
- Loan Processing
- OFAC
- Mortgage Processing
- Loan Servicing
- USDA
- Financial Services
- Encompass
- Anti-Money Laundering
- Underwriting
- Appraisal
- Payment Processing
- General Ledger
- Real Estate
- Closing
- Finance
- Accounting
- High School Diploma
- Prioritizing
- Written Communication
- Documentation
- Filing
- Reporting
- Sales
- Regulations
- Multitasking
- Policy Development
- Microsoft Excel
- Microsoft Office
- Problem Solving
- Microsoft Word
- Time Management
- Research Skills
- Teamwork
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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Here are some other career titles that require similar skills
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