Loan Processor Jobs in Prosper, 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.

1-7 of 7 Jobs

Mortgage Loan Processor

  • Plano, TX (15 miles from Prosper, TX)
  • 18 hours ago
  • Plano, TX (15 miles from Prosper, TX)
  • 18 hours 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...

Loan Documentation Specialist

  • Plano, TX (15 miles from Prosper, TX)
  • 3 days ago
  • Plano, TX (15 miles from Prosper, TX)
  • 3 days ago

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

Loan Origination Specialist III Loan Origination Specialist III

  • Plano, TX (15 miles from Prosper, TX)
  • 8 days ago
  • Plano, TX (15 miles from Prosper, TX)
  • 8 days ago

Review and verify loan documentation for compliance, applying attention to detail and regulatory knowledge to ensure accuracy and adherence to standards....

Bank Sales Support Specialist (Commercial Loan Processor)

  • Frisco, TX (6 miles from Prosper, TX)
  • 17 days ago
  • Frisco, TX (6 miles from Prosper, TX)
  • 17 days ago

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

Home Equity Mortgage Processor

  • Frisco, TX (6 miles from Prosper, TX)
  • 22 days ago
  • Frisco, TX (6 miles from Prosper, TX)
  • 22 days ago

This role ensures the timely and accurate packaging of all loans originated by our Loan Officers using effective communication with multiple parties involved in the loan process....

Mortgage Processor II

  • Richardson, TX (20 miles from Prosper, TX)
  • 45+ days ago
  • Richardson, TX (20 miles from Prosper, TX)
  • 45+ days ago

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

Loan Processor - Green Brick Mortgage

  • Plano, TX (15 miles from Prosper, TX)
  • 90+ days ago
  • Plano, TX (15 miles from Prosper, TX)
  • 90+ days ago

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

Demographic Data for Prosper, TX

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


Local
National
38,980
854
Medium

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: Underwriting
Underwriting is the fourth step in processing a loan. It's what happens behind the scenes once you submit your application. It's one of the most critical steps, because the underwriter makes the...
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...

Salary for Loan Processor Jobs in Prosper, TX

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

Highest Education Level

Loan Processors in Prosper, 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
11.8%
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 Prosper, 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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