Job Summary We are seeking an experienced Loan Processor to join our team. In this role, you will evaluate and process loan applications. Your responsibilities will include interviewing applicants to gather financial information, evaluating creditworthiness, and completing loan contracts. The ideal candidate has excellent communication and customer service skills and a deep understanding of current lending practices and regulations.
Responsibilities
Document Collection & Review: Examine initial loan applications (such as the Form 1003) for missing information, errors, or red flags. Information Verification: Validate the borrower's income, employment history, tax returns, bank and asset statements, and liabilities. Third-Party Service Coordination: Order and track external documents including home appraisals, title work, flood certifications, credit reports, and hazard insurance binders. Underwriting Liaison: Submit the complete file to the underwriter and work closely with borrowers and loan officers to clear any post-underwriting "conditions" or requests for extra paperwork. Closing Preparation: Help prepare the closing disclosure (CD), check figures against the original loan estimate, and coordinate with title companies or closing agents to ensure a smooth closing day. Compliance & Data Entry: Input accurate data into loan management or banking software while ensuring all files adhere to company policies and state or federal lending regulations.
Qualifications
Previous experience as a Loan Processor is REQUIRED
Familiarity with Microsoft Excel, databases, and loan processing and banking software
Knowledge of lending products and practices
Strong customer service and communication skills
Ability to perform in a goal-oriented environment
Exceptional time management skills
Numbers & Facts
Location
Whittier, CA
Job Type
Full-time
Skills
Bank Managementunmatched
Banking Servicesunmatched
Communication Skillsunmatched
Credit Analysisunmatched
Credit Reportsunmatched
Credit Riskunmatched
Customer Support/Serviceunmatched
Data Entryunmatched
Federal Laws and Regulationsunmatched
Financial Analysisunmatched
Insuranceunmatched
Interviewing Skillsunmatched
Loan Originationunmatched
Loan Policyunmatched
Loan Processingunmatched
Loan Regulationsunmatched
Loansunmatched
Microsoft Excelunmatched
Real Estate Appraisalsunmatched
State Laws and Regulationsunmatched
Time Managementunmatched
Underwritingunmatched
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