Loan Processor Jobs in Mckinney, 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.

1-8 of 8 Jobs

Loan Processor

  • Plano, TX (11 miles from Mckinney, TX)
  • 9 hours ago
  • Plano, TX (11 miles from Mckinney, TX)
  • 9 hours 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 Documentation Specialist

  • Plano, TX (11 miles from Mckinney, TX)
  • 1 day ago
  • Plano, TX (11 miles from Mckinney, TX)
  • 1 day ago

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

Mortgage Processor

  • Frisco, TX (14 miles from Mckinney, TX)
  • 5 days ago
  • Frisco, TX (14 miles from Mckinney, 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 (11 miles from Mckinney, TX)
  • 10 days ago
  • Plano, TX (11 miles from Mckinney, TX)
  • 10 days ago

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

Mortgage Loan Processor

  • Plano, TX (11 miles from Mckinney, TX)
  • 12 days ago
  • Plano, TX (11 miles from Mckinney, 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...

Bank Sales Support Specialist (Commercial Loan Processor)

  • Frisco, TX (14 miles from Mckinney, TX)
  • 29 days ago
  • Frisco, TX (14 miles from Mckinney, TX)
  • 29 days ago

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

Mortgage Processor II

  • Richardson, TX (16 miles from Mckinney, TX)
  • 45+ days ago
  • Richardson, TX (16 miles from Mckinney, TX)
  • 45+ days ago

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

Loan Processor - Green Brick Mortgage

  • Plano, TX (11 miles from Mckinney, TX)
  • 90+ days ago
  • Plano, TX (11 miles from Mckinney, TX)
  • 90+ days ago

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

Demographic Data for Mckinney, TX

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


Local
National
216,783
4,785
Large

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: 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 Mckinney, TX

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

Highest Education Level

Loan Processors in Mckinney, 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 Mckinney, 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%



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