Jr. Loan Processor Jobs

Job Title
Jr. Loan Processor
Reports To
Loan Processor Manager
Job
The Junior Loan Processor will have excellent communication and customer service skills, as well as experience in the mortgage industry. He or she will be responsible for processing loan applications, verifying documentation, and ensuring compliance with regulations. The most successful candidate will be able to work independently and be detail oriented.
Responsibilities And Duties

• Communicating with borrowers throughout the loan application process and throughout the life of the loan to ensure satisfaction.
• Preparing reports and preparing letters to notify borrowers of new rates or payment schedules, or other changes to their loans.
• Reviewing loan applications for completeness and accuracy prior to submission to underwriting for approval
• Maintaining records of all files in order to comply with federal banking regulations regarding documentation retention periods.
• Coordinating with other departments to ensure that all legal requirements are met during each step of the loan process.
• Reviewing loan documentation and communicating with the borrower’s attorney or agent regarding missing information or items that require clarification.
• Processing loan payments by collecting payments from borrowers and transmitting them to lenders or investors as directed by the loan officer or underwriter.
• Coordinating with other departments such as accounting, title companies, and appraisers to ensure all documentation is complete and accurate.
• Reviewing incoming payments to ensure they meet requirements for processing.

Qualifications

• 1-2 years of experience in a loan processing, banking, or administrative role
• Ability to work independently and as part of a team.
• Proficient in Microsoft Office, with aptitude to learn new software and systems.
• Strong time management skills and multitasking ability
• High School Diploma or GED
• Excellent data entry skills with high attention to detail and accuracy

Work Experience Required

• Ability to work independently and as part of a team.
• 1-2 years of experience in a loan processing, banking, or administrative role
• Proficient in Microsoft Office, with aptitude to learn new software and systems.
• Strong time management skills and multitasking ability
• Excellent data entry skills with high attention to detail and accuracy