Loan Processor Jobs in Tennessee

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.

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Loan Processor

  • Franklin, TN
  • 10 days ago
  • Franklin, TN
  • 10 days ago

Minimum of 5 years residential mortgage processing experience. Experience with Encompass....

Mortgage Loan Processor and Closer (Hybrid/Remote)

  • Knoxville, TN
  • 14 days ago
  • Knoxville, TN
  • 14 days ago

Experience : Three or more years of mortgage processing and mortgage closing experience required....

Remote Work

Mortgage Loan Processor and Closer - Bilingual (Hybrid/Remote)

  • Knoxville, TN
  • 14 days ago
  • Knoxville, TN
  • 14 days ago

Experience : Three or more years of mortgage processing and mortgage closing experience required....

Remote Work

Mortgage Loan Processor - Reverse

  • Nashville, TN
  • 17 days ago
  • Nashville, TN
  • 17 days ago

Mortgage Loan Processor - Reverse Mutual of Omaha Mortgage Nashville, TN, US 1 day ago Quick Job type Full-time Quick Job description Mutual of Omaha is a Fortune 300 Company with an iconic brand and...

MH Loan Processor

  • Knoxville, TN
  • 30+ days ago
  • Knoxville, TN
  • 30+ days ago

FirstBank is seeking qualified applicants to fill our Loan Processor Position which represents the bank in our Specialty Lending Division....

Residential Construction Loan Processor

  • Franklin, TN
  • 45+ days ago
  • Franklin, TN
  • 45+ days ago

Overview The Residential Construction Loan Processor is responsible for all administrative tasks for residential construction loan processing, which includes but is not limited to working directly with...

Commercial Loan Processor

  • Murfreesboro, TN
  • 90+ days ago
  • Murfreesboro, TN
  • 90+ days ago

Comprehend the concepts and principles of loan documentation requirements dictated by loan type and collateral and utilize these accurately in the creation of loan documentation....

Loan Operations Specialist

  • Lebanon, TN
  • 90+ days ago
  • Lebanon, TN
  • 90+ days ago

Loan Operations Specialist Job Duties and Responsibilities : The Loan Operations Specialist provides support to the lending areas of the Bank through various loan servicing functions for both internal...

Demographic Data for Tennessee

Moving to Tennessee? Find some basic demographic data about Tennessee below.


Local
National
6,903,473
143,447

Loan Processor Online Courses and Training Opportunities

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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...
Loan Processing: The Decision
So far, in our series on loan processing, we've covered taking the application, verifying that data, compliance regulations, and underwriting the loan. For the final step, we're going to talk...
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 Tennessee

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

Highest Education Level

Loan Processors in Tennessee offer the following education background
Bachelor's Degree
35.7%
High School or GED
22.8%
Associate's Degree
14.9%
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 Tennessee
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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