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.
Commercial Loan Documentation Specialist - Grand Rapids, MI
- Grand Rapids, MI
- 2 hours ago
- Grand Rapids, MI
- 2 hours ago
Job Title: Commercial Loan Documentation Specialist Primary Location: Grand Rapids, MI Employee Status: full-time hourly Estimated Hours/Week: 38 Hybrid: Yes What You'll Get: (note varied offerings...
Commercial Loan Operations Specialist Fenton Support Center
- Fenton, MI
- 1 day ago
- Fenton, MI
- 1 day ago
General Summary Perform a variety of clerical support services, including numerous duties which facilitate and safeguard the lending function....
Are you a passionate problem solver with a keen eye for detail and a knack for ensuring smooth mortgage processes? Join Mercantile Bank as a Full-Time Mortgage Loan Processor!...
Hours: Monday through Friday 8:30am to 5pm with 30 minute lunch Responsible for: - Managing 25 to 30 files per person (once fully trained) - Processing home equity loans from start to finish -...
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
- 22 days ago
- Fenton, MI
- 22 days ago
processing....
Preferred candidates will have experience in bank loan operations, including loan loading and maintenance, as well as an understanding of lending regulations and mortgage loan documentation....
Assisting Lenders on various tasks related to loan files. Daily loan servicing responsibilities....
Provide support and assistance to all Commercial Lenders throughout the institution. Scanning, typing and clerical work as needed. Assist with preparation of loan proposals....
CRA Loans entered on CRA Relief at least quarterly Training of new employees on commercial loan documentation and procedures Additional responsibilities as assigned....
Reports To: Mortgage Loan Processor Team Lead Essential Duties and Responsibilities Maintain caseload in a timely and responsible manner....
Reports To: Mortgage Loan Processor Team Lead Essential Duties and Responsibilities Maintain caseload in a timely and responsible manner....
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 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
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Nationwide Mortgage Licensing System & Registry
- Loan Documentation
- Jumbo Loans
- Loan Review
- Tila Respa Integrated Disclosures
- VA Loans
- Commercial Lending
- BSA
- Federal National Morgage Association
- FHLMC
- Loan Processing
- Freddie Mac
- Fannie Mae
- Encompass
- OFAC
- Mortgage Processing
- Financial Services
- Loan Servicing
- USDA
- Underwriting
- Reconciliations
- Appraisal
- Payment Processing
- Due Diligence
- General Ledger
- File Management
- Real Estate
- Closing
- Finance
- High School Diploma
- Accounting
- Written Communication
- Documentation
- Verbal Communication
- Reporting
- Data Entry
- Filing
- Policy Development
- Regulations
- Multitasking
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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