Loan Processor Jobs in Prior Lake, MN
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.
Senior Participation Analyst Loan Operations Specialist
- Saint Paul, MN (24 miles from Prior Lake, MN)
- 16 hours ago
- Saint Paul, MN (24 miles from Prior Lake, MN)
- 16 hours ago
Senior Participation Analyst Loan Operations Specialist Remote - USA,USA About Us SolomonEdwardsGroup, LLC (SolomonEdwards) is a full-service professional services firm offering financial,...
- Lakeville, MN (6 miles from Prior Lake, MN)
- 1 day ago
- Lakeville, MN (6 miles from Prior Lake, MN)
- 1 day ago
Horton, Inc. is currently looking for a Loan Processor in the Branch Department....
- South Saint Paul, MN (23 miles from Prior Lake, MN)
- 4 days ago
- South Saint Paul, MN (23 miles from Prior Lake, MN)
- 4 days ago
Loan Processor to process a high volume of consumer loans....
Commercial Loan Operations Specialist
- Saint Paul, MN (24 miles from Prior Lake, MN)
- 29 days ago
- Saint Paul, MN (24 miles from Prior Lake, MN)
- 29 days ago
Prepare and review appropriate loan documentation for respective closing and/or renewals in LaserPro (Loan Documentation Software) accordance with loan policy guidelines and compliant with regulatory...
Remote Work- Lakeville, MN (6 miles from Prior Lake, MN)
- 30+ days ago
- Lakeville, MN (6 miles from Prior Lake, MN)
- 30+ days ago
Horton, Inc. is currently looking for a Loan Processor Team Lead for their Financial Services Regional Department....
Commercial Loan Documentation Specialist
- Bloomington, MN (12 miles from Prior Lake, MN)
- 30+ days ago
- Bloomington, MN (12 miles from Prior Lake, MN)
- 30+ days ago
Equivalent years of relevant work experience may be considered in lieu of a degree. 0-2 years' experience in commercial loan documentation or commercial loan collateral review/audit role preferred....
Demographic Data for Prior Lake, MN
Moving to Prior Lake, MN? Find some basic demographic data about Prior Lake, MN below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in Prior Lake, MN
Highest Education Level
Loan Processors in Prior Lake, MN 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
- Nationwide Mortgage Licensing System & Registry
- Lending
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Commercial Lending
- Account Maintenance
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- Tila Respa Integrated Disclosures
- VA Loans
- Encompass
- Mortgage Processing
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Reconciliations
- General Ledger
- File Management
- Real Estate
- Closing
- Finance
- Retail
- High School Diploma
- Auditing
- Written Communication
- Verbal Communication
- Telephone Skills
- Collaboration
- Documentation
- Reporting
- Filing
- Regulations
- Policy Development
- Multitasking
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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