Loan Processor

Essential Functions

• Works directly with a Loan Originator to process loans from approval to clear to close.
• Sends out new approvals to borrowers with a detailed list of additional documents needed for the file after initial underwriting.
• Reviews documents received from borrowers to ensure they are sufficient to clear conditions prior to submitting to underwriting.
• Organizes the title package, appraisal, and borrower conditions within the file for underwriting review.
• Updates fees and properly re-discloses the file.
• Ensures all required documents are received in the file prior to clear to close review by underwriting.
• Performs related duties as assigned by the Processing Manager.

Minimum Qualifications

• A high school diploma or equivalent required.
• A college degree in finance or banking preferred.
• At least 2-3 years of professional office environment required, preferably as an administrative or mortgage assistant.
• Possess an understanding of different loan products, such as conventional loans, FHA, VA, adjustable/ fixed, etc.
• Highly motivated and goal-oriented with excellent customer service and communication skills.
• Ability to work in a fast-paced environment.
• Ability to manage a loan pipeline and associated incoming work to meet expected turn times.
• Proficiency in Microsoft Office suite of products and ability to quickly gain proficiency in the company’s proprietary mortgage software products.

Physical Demand

• Ability to safely and successfully perform the essential job functions consistent with the ADA, FMLA and other federal, state and local standards, including meeting qualitative and/or quantitative productivity standards.
• Ability to maintain regular, punctual attendance consistent with the ADA, FMLA and other federal, state and local standards.
• Must be able to lift and carry up to 50 lbs.
• Must be able to talk, listen and speak clearly on telephone.
• Able to sit at a workstation for prolonged periods of time.
• Must be able to physically type.