Loan Processor Jobs in Medical Lake, WA
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.
Loan Processing Assistant - Hybrid remote - Bellevue, WA - $25.46
- Spokane, WA (13 miles from Medical Lake, WA)
- 2 days ago
- Spokane, WA (13 miles from Medical Lake, WA)
- 2 days ago
Knowledge of mortgage lending policies, procedures, and regulations. Well-developed ability to manage multiple tasks/projects and deadlines simultaneously....
Remote Work- Spokane, WA (13 miles from Medical Lake, WA)
- 14 days ago
- Spokane, WA (13 miles from Medical Lake, WA)
- 14 days ago
Processor Supervisor, Loan Processors and other administrative and executive staffAbout YouEXPERIENCE, EDUCATION, AND SKILLS:High School diploma requiredA minimum of 2 years banking experience preferredProficient...
Demographic Data for Medical Lake, WA
Moving to Medical Lake, WA? Find some basic demographic data about Medical Lake, WA below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in Medical Lake, WA
Highest Education Level
Loan Processors in Medical Lake, WA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Prioritizing
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal National Morgage Association
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- BSA
- Conventional Loans
- Commercial Banking
- Fannie Mae
- Commercial Lending
- Freddie Mac
- Tila Respa Integrated Disclosures
- Loan Processing
- Calyx Point
- Mortgage Processing
- Encompass
- Financial Services
- Wire Transfers
- USDA
- Loan Servicing
- Underwriting
- Payment Processing
- Appraisal
- General Ledger
- File Management
- Real Estate
- Sales Management
- Finance
- Closing
- General Office Duties
- High School Diploma
- Retail
- Written Communication
- Telephone Skills
- Data Entry
- Documentation
- Filing
- Regulations
- Multitasking
- Policy Development
- Sales
- Problem Solving
- Teamwork
- Microsoft Excel
- Microsoft Office
- Microsoft Word
- Time Management
- 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 »