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.
You will be responsible for gathering and processing all loan documentation and ensure compliance with policy, regulatory, and loan terms on a lender-by-lender basis....
Remote WorkAmong other duties, you are primarily responsible for loading closed commercial loans onto our core loan processing system, verifying provided data for accuracy and quality....
*Required Qualifications** * Minimum 2 years of mortgage loan processing experience required. * Minimum 2 years of experience of state and federal lending regulations (e.g....
This role stands as a vital pillar within our team, directly contributing to our seamless loan processing and loan documentation operations....
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....
Reports To: Mortgage Loan Processor Team Lead Essential Duties and Responsibilities Maintain caseload in a timely and responsible manner....
In order to be considered for this position you must apply online at: **[** Position Title: Commercial Loan Processor## Reports To: Loan Documentation Supervisor## General Purpose:Performs a variety...
HOme equity processing is a lot less simpler than mortgage processing....
Finalize the loan processing stage by preparing loans for submission to the Closing department....
Requirements Education, Training and Work Experience High school diploma or equivalent required Prior Mortgage Processing experience required Understanding of real estate loan documentation Knowledge...
** Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission....
Remote WorkMinimum of 5 years previous mortgage processing and/or supervisory experience....
As a Quality Assurance Specialist (Loan Processor) you will: Prepare contracts for new customers as well as owner upgrades. Meet face-to-face to review the paperwork with our clients....
Expert knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending for conventional,...
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
- Federal National Morgage Association
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- Loan Documentation
- FHLMC
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- BSA
- Calyx Point
- Commercial Banking
- Commercial Lending
- Freddie Mac
- Tila Respa Integrated Disclosures
- VA Loans
- Loan Processing
- Mortgage Processing
- Encompass
- USDA
- Loan Servicing
- Financial Services
- Underwriting
- Appraisal
- Payment Processing
- File Management
- Real Estate
- Problem Resolution
- Sales Management
- Finance
- Closing
- High School Diploma
- Retail
- Prioritizing
- Written Communication
- Telephone Skills
- Documentation
- Reporting
- Filing
- Regulations
- Multitasking
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Teamwork
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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