Loan Processor Jobs in New Albany, MS

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.

1-5 of 5 Jobs

Mortgage Loan Processor II / MORTG003669 / Remote

  • Tupelo, MS (22 miles from New Albany, MS)
  • 3 days ago
  • Tupelo, MS (22 miles from New Albany, MS)
  • 3 days ago

What The Role IsUnder general supervision, the Mortgage Loan Processor II is to ensure the timely and accurate packaging for submission to underwriting of all mortgage loans originated by Mortgage Loan...

Remote Work

Comm. Loan Operations Specialist III COMME003672

  • Tupelo, MS (22 miles from New Albany, MS)
  • 6 days ago
  • Tupelo, MS (22 miles from New Albany, MS)
  • 6 days ago

This is a Job Description for a Commercial Loan Operations Specialist III in Tupelo, MS.Summary: A Loan Servicer is responsible for servicing a highly complex loan syndication and commercial loan...

Comm. Loan Operations Specialist IV COMME003649

  • Tupelo, MS (22 miles from New Albany, MS)
  • 7 days ago
  • Tupelo, MS (22 miles from New Albany, MS)
  • 7 days ago

Job Posting:The Loan Closer is responsible for coordinating syndicated and complex commercial loans closing as well as issuing a clear to close to authorize loan closings. This position requires a...

Commercial Loan Operations Specialist IV

  • Tupelo, MS (22 miles from New Albany, MS)
  • 12 days ago
  • Tupelo, MS (22 miles from New Albany, MS)
  • 12 days ago

Job Posting: The Loan Closer is responsible for coordinating syndicated and complex commercial loans closing as well as issuing a clear to close to authorize loan closings. This position requires...

Loan Operations Specialist III

  • Tupelo, MS (22 miles from New Albany, MS)
  • 60+ days ago
  • Tupelo, MS (22 miles from New Albany, MS)
  • 60+ days ago

Job Title: Loan Preclosing Support Specialist III Physical Location: 2778 West Jackson Street, Bldg C, Tupelo MS 38803 Primary Purpose: (Summary of major reason this job exists) This position will...

Demographic Data for New Albany, MS

Moving to New Albany, MS? Find some basic demographic data about New Albany, MS below.


Local
National
16,657
427
Medium/Sm

Loan Processor Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
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...
Construction Loan-in-process
Learn the fundamentals of accounting for construction loans, focusing on the Loan-in-Process (LIP) account. This course is ideal for professionals in lending, finance, or accounting who work with...
Loan Processing: Verification
The second step of loan processing is verification. After the loan application is completed, it's turned over to the loan processor. They obtain the necessary information from the applicant and...

Salary for Loan Processor Jobs in New Albany, MS

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

Highest Education Level

Loan Processors in New Albany, MS offer the following education background
Bachelor's Degree
35.7%
High School or GED
22.9%
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 New Albany, MS
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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