Loan Processor

Job Summary: 

Processes applicable documentation for FHA, VA and Conventional mortgage loan applications and prepares required packages for loan approval.

Duties and Responsibilities

· If applicable, interviews loan applicant(s) to gather specific information relative to credit, employment, and financial history.

· Gathers, analyzes and processes necessary documentation from applicant(s), credit bureaus, employers, and various creditors to verify financial information and credit standings.

· Reviews, organizes and collates application and loan information to ensure timeliness and accuracy in providing a useable credit file to be submitted to underwriting for approval.

· Communicates with applicant(s), underwriters and/or creditors to resolve problems or questions regarding application information

Job Specifications

Minimum Education Experience:

High school graduate with at least one year of relevant course study including seminars and workshops combined with at least one year of related experience and/or training; general knowledge of loan processing and underwriting fundamentals.

Skills and Abilities:

Customer-service oriented with good verbal and written communication skills for interaction with a variety of people inside and outside of the organization. Ability to elicit, interpret, analyze and evaluate given information relative to underwriting guidelines and lender requirements. Excellent organization skills and detail-oriented aptitude. General administrative abilities to include typing, filing and use of computer, calculator, copier and facsimile machines.