Loan Processor Jobs in Allen, TX

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.

1-13 of 13 Jobs

Loan Processor

  • Plano, TX (7 miles from Allen, TX)
  • moments ago
  • Plano, TX (7 miles from Allen, TX)
  • moments ago

Required Skills & Qualifications: 3-5 years of loan processing experience in mortgage lending or credit unions. Strong understanding of Fannie Mae and Freddie Mac guidelines....

Loan Processor

  • Dallas, TX (23 miles from Allen, TX)
  • 19 hours ago
  • Dallas, TX (23 miles from Allen, TX)
  • 19 hours ago

The ideal candidate will be a seasoned Loan Processor with recent experience in a retail lending environment....

Loan Documentation Specialist

  • Plano, TX (7 miles from Allen, TX)
  • 1 day ago
  • Plano, TX (7 miles from Allen, TX)
  • 1 day ago

Responsible for reviewing loan documentation for key terms needed for financial booking. Works with limited supervision....

Mortgage Processor

  • Frisco, TX (15 miles from Allen, TX)
  • 5 days ago
  • Frisco, TX (15 miles from Allen, TX)
  • 5 days ago

Appropriately set borrower expectations for the mortgage process and establish that the processor is the main point of contact until closing....

Loan Processor

  • Plano, TX (7 miles from Allen, TX)
  • 10 days ago
  • Plano, TX (7 miles from Allen, TX)
  • 10 days ago

SFMC Home Lending is currently hiring for a Loan Processor....

Mortgage Loan Processor

  • Plano, TX (7 miles from Allen, TX)
  • 12 days ago
  • Plano, TX (7 miles from Allen, TX)
  • 12 days ago

organization's desired culture and values Additional Skills & Qualifications At least two years of experience in Mortgage Loan Closing Encompass experience is a plus Knowledge and experience with commercial lending...

Global Banking & Markets - Dallas - Associate, Loan Management & Due Diligence - 9283385

  • Dallas, TX (23 miles from Allen, TX)
  • 14 days ago
  • Dallas, TX (23 miles from Allen, TX)
  • 14 days ago

Job Duties: Associate, Loan Management & Due Diligence with Goldman Sachs Bank USA in Dallas, Texas. Assist in providing business and operational support risk management and oversight for the...

Lead Commercial Mortgage Loan Administration Specialist

  • Dallas, TX (23 miles from Allen, TX)
  • 16 days ago
  • Dallas, TX (23 miles from Allen, TX)
  • 16 days ago

combination of the following: work experience, training, military experience, education Desired Qualifications: Commercial real estate loan closing experience Foundational understanding of securitized lending...

Sr. Loan Operations Specialist - FT / Dallas, TX / Onsite

  • Dallas, TX (23 miles from Allen, TX)
  • 28 days ago
  • Dallas, TX (23 miles from Allen, TX)
  • 28 days ago

KNOWLEDGE, SKILLS AND ABILITIES Strong understanding of loan documentation, servicing, and compliance regulations (e.g., TRID, HMDA, RESPA, CIP)....

Bank Sales Support Specialist (Commercial Loan Processor)

  • Frisco, TX (15 miles from Allen, TX)
  • 28 days ago
  • Frisco, TX (15 miles from Allen, TX)
  • 28 days ago

in commercial loan documentation, commercial lending support Proficient in Microsoft Excel, PowerPoint, Outlook and other office support systems and programs....

Loan Processor

  • Dallas, TX (23 miles from Allen, TX)
  • 28 days ago
  • Dallas, TX (23 miles from Allen, TX)
  • 28 days ago

Assists loan processing and funding managers with pipeline management, training of loan processors, handling complex loan files, responding to escalated calls, and may perform quality file reviews as...

Mortgage Processor II

  • Richardson, TX (10 miles from Allen, TX)
  • 45+ days ago
  • Richardson, TX (10 miles from Allen, TX)
  • 45+ days ago

Mortgage Loan processors will process all loans in a timely and accurate manner....

Loan Processor - Green Brick Mortgage

  • Plano, TX (7 miles from Allen, TX)
  • 90+ days ago
  • Plano, TX (7 miles from Allen, TX)
  • 90+ days ago

Knowledge of mortgage lending guidelines and regulations. Proficiency in loan origination and processing software. Excellent communication skills....

Demographic Data for Allen, TX

Moving to Allen, TX? Find some basic demographic data about Allen, TX below.


Local
National
118,299
2,863
Medium/Lg

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...
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...
Loan Processing: Compliance
Within three business days after completing and verifying the application, the lender needs to provide the applicant with a loan estimate of the anticipated closing costs. This estimate shows the...

Salary for Loan Processor Jobs in Allen, TX

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

Highest Education Level

Loan Processors in Allen, TX 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
11.7%
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 Allen, TX
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%



Loan Processor Related Career Advice Articles

banker looking at charts on laptop
How to Decide Between Investment Banking and Commercial Banking

Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.

Read article »
personal banker going over paperwork with her clients
Career Spotlight: Personal Banker

What does a personal banker do? Is a personal banker salary rewarding? Get answers to these questions and more in our guide to personal banker careers.

Read article »