Job Description

Overview

We are seeking a detail-oriented and knowledgeable Loan Processor to join our Loan Operations team. The ideal candidate will be responsible for managing the processing of loan applications, ensuring compliance with regulatory standards, and facilitating smooth communication between clients and lenders. This role offers an excellent opportunity for individuals with experience in mortgage origination, underwriting, or banking to contribute to a dynamic organization dedicated to providing exceptional loan services. The Loan Processor plays a critical part in verifying documentation, analyzing credit information, and ensuring all loan files meet industry and company standards.

Department: Loan Operations

Reports To: Loan Operations Manager

SUMMARY:

Processes and prepares documentation for all consumer and commercial loans. Works closely with lenders and Officers to ensure the documents are correct. Full time position at office site.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Includes the following. Other duties may be assigned.

Process loan requests via Laser Pro. Update loan log of all loans both closed and denied. Pull credit bureaus/flood determinations as needed. Prepare disclosures as per TRID timing requirements (LE's and CD's). Review all documents in your file must have documents pertaining only to your file, only correct documents that have been reviewed. Order title work and insurance to make sure meets guidelines. Verify entities are current with Secretary of State. Book loans to the Core System including all fees to correct general ledger. Must correct own mistakes. Image loan packages and other documents daily. Collect HMDA GMI from loans for HMDA processing. Process payments called in via telephone (ach/check). Issue and track all new loan numbers for consumer loans. Prepare Notice of Action taken on denied loans. Complete FIS Academy training modules timely and any other training as directed. all other assigned duties.

SPECIFIC REQUIREMENTS:

Knowledge of regulations regarding lending, especially but not limited to REG B, C, Z, X. Knowledge of ACTs regarding lending, especially but not limited to Dodd-Frank, TRID, FACTA Knowledge of Laser Pro preferred, and general computer skills. Ability to work well with lenders in a centralized environment. Works well under pressure Working with Servicing as backup for loans using Accumatch, E-Oscar, creating escrow, general ledger balancing.
Job Type: Full-time

Base Pay: $46,680.05 - $56,216.84 per year

Benefits:

401(k) 401(k) matching Dental insurance Flexible schedule Health insurance Paid time off Vision insurance
Work Location: In person