We are seeking a detail-oriented and organized Loan Processor to join our financial services team. The ideal candidate will be responsible for managing the processing of loan applications, ensuring compliance with regulatory standards, and facilitating smooth loan approvals. This role requires a solid understanding of mortgage lending, underwriting, and loan origination processes, with a focus on delivering exceptional service to clients while adhering to industry regulations such as FNMA, TILA, and Fair Housing laws. The Loan Processor plays a vital role in supporting our loan officers and maintaining efficient loan operations.
Duties:
Review and verify loan documentation for completeness and accuracy in accordance with FNMA guidelines and underwriting standards
Coordinate with borrowers, lenders, and third-party vendors to gather necessary information for loan approval
Analyze credit reports, financial statements, and escrow details to assess borrower eligibility
Prepare and process loan packages, including contracts, disclosures, and other required documentation
Ensure compliance with Fair Housing regulations, TILA, and other federal/state lending laws
Conduct credit analysis and evaluate borrower financials using basic math skills and 10-key typing for data entry
Assist in mortgage servicing activities by updating loan files and tracking application statuses
Collaborate with underwriters to facilitate timely approval or denial of loans
Maintain detailed records of all processing activities and communicate effectively with stakeholders throughout the loan lifecycle
Requirements:
Minimum two years experience in mortgage processing
Strong knowledge of FNMA guidelines, underwriting procedures, and mortgage servicing processes
Familiarity with Fair Housing regulations, TILA compliance, and loan contracts
Ability to perform credit analysis accurately using basic math skills and attention to detail
Proficiency in loan origination software, banking systems, and Microsoft Office applications including 10-key typing skills
Excellent organizational skills with the ability to manage multiple tasks efficiently under deadlines
Knowledge of escrow processes and contract management is preferred
Strong communication skills to liaise effectively with clients, lenders, and internal teams
