Loan Processor Job Description

We are currently looking for an experienced and well-organized loan processor to join our team. You will act as a liaison between our clients and lenders; you will also research credit scores, conduct evaluations, and prepare loan packages. Your duties will also include following up with clients on their application process and submitting applications to an underwrite. 

To be a successful loan processor, you must have great time management and decision-making skills. You should demonstrate an in-depth understanding of loan operations and know all the relevant rules and regulations. Our ideal candidate holds a bachelor’s degree in economics, accounting, or finance, has excellent communication skills, and is well organized. 

Loan Processor Duties & Responsibilities:

• Interviewing people and assessing their eligibility for loans
• Following up with clients on the application process
• Submitting applications to an underwriter
• Prepare all documents for the loan package
• Research the client’s credit score and financial situation
• Establishing client's needs and recommendations
• Finding the right type of loan for clients
• Preparing loan disclosures and maintaining all relevant paperwork for existing loans
• Complete all the loan contracts and inform clients of all the rules and regulations

Loan Processor Requirements:

• Previous work experience
• Well-rounded knowledge of loan processes and closing procedures
• Computer skills, knowing how to operate MS Office
• Excellent communication skills
• Great organizational skills and ability to multitask