Loan Processor Jobs in Midvale, UT
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.
Home Equity Mortgage Processor
- Cottonwood Heights, UT (9 miles from Midvale, UT)
- 18 hours ago
- Cottonwood Heights, UT (9 miles from Midvale, UT)
- 18 hours 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....
- West Jordan, UT (8 miles from Midvale, UT)
- 3 days ago
- West Jordan, UT (8 miles from Midvale, UT)
- 3 days ago
Answer incoming calls from members/team members regarding mortgage lending products. Ensure a high level of communication is achieved with all parties of the mortgage lending process....
Remote Work- Sandy, UT (2 miles from Midvale, UT)
- 29 days ago
- Sandy, UT (2 miles from Midvale, UT)
- 29 days ago
Qualifications High School or equivalent required, some related college courses or degree desired, along with some knowledge of mortgage lending policies, procedures, and regulations....
Demographic Data for Midvale, UT
Moving to Midvale, UT? Find some basic demographic data about Midvale, UT below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in Midvale, UT
Highest Education Level
Loan Processors in Midvale, UT offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Commercial Lending
- Account Maintenance
- Fannie Mae
- FHLMC
- Automated Clearing House
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Encompass
- Mortgage Processing
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Anti-Money Laundering
- Appraisal
- General Ledger
- File Management
- Real Estate
- Closing
- Finance
- Accounting
- Retail
- High School Diploma
- Written Communication
- Verbal Communication
- Telephone Skills
- Documentation
- Reporting
- Data Entry
- Filing
- Regulations
- Policy Development
- Multitasking
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loan Processor Related Career Advice Articles
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 »
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 »