Loan Processor

The Loan Processor is responsible for managing and organizing all documentation needed for the approval and processing of loan applications. This role ensures compliance with financial regulations and company policies while working closely with loan officers, underwriters, and customers to facilitate a smooth and timely loan process. A detail-oriented and customer-focused professional, the Loan Processor plays a critical role in ensuring the accuracy and completeness of loan files from application to closing.

Responsibilities:

• Review and verify loan applications and accompanying documentation for accuracy and completeness.

• Collect and organize financial documents from clients, including income verification, credit reports, tax returns, and bank statements.

• Coordinate with loan officers, underwriters, and other relevant departments to ensure timely processing.

• Monitor loan pipeline and provide status updates to customers and team members.

• Maintain compliance with all lending regulations and internal policies.

• Prepare files for underwriting and closing, ensuring all conditions are met.

• Address any issues or missing information in loan applications with applicants.

• Ensure secure handling of confidential client information.

Requirements:

• Bachelor’s degree in finance, business, or a related field preferred.

• Proven experience as a Loan Processor or in a similar financial role.

• Strong knowledge of loan types, lending procedures, and regulatory guidelines.

• Excellent organizational and time-management skills.

• High attention to detail and accuracy.

• Strong communication and interpersonal abilities.

• Proficient in loan processing software and Microsoft Office Suite.

• Ability to handle sensitive financial data with discretion.