Job Overview: We are seeking a detail-oriented and experienced Loan Processor to join our team. As a Loan Processor, you will be responsible for gathering and verifying loan documentation, reviewing loan applications, and ensuring compliance with lending regulations. Your role will be crucial in facilitating the loan process and ensuring a smooth experience for our clients. Responsibilities: - Collect and review loan applications, ensuring all necessary information is complete and accurate - Verify borrower information, including employment, income, credit history, and assets - Communicate with borrowers to request additional documentation or clarification as needed - Prepare loan files and submit them for underwriting approval - Coordinate with underwriters to address any outstanding conditions or requirements - Ensure compliance with all applicable lending regulations, including TILA, FNMA, and Fair Housing regulations - Calculate debt-to-income ratios and other financial ratios to assess borrower eligibility - Collaborate with loan officers, escrow agents, and title companies to facilitate timely closings - Maintain accurate records of all loan transactions and correspondence Qualifications: - Previous experience as a Loan Processor or in a similar role within the banking or mortgage industry - Strong understanding of loan origination processes and underwriting guidelines - Proficient in basic math calculations and financial analysis - Excellent attention to detail and organizational skills - Familiarity with escrow procedures and documentation - Knowledge of TILA, FNMA, and Fair Housing regulations - Effective communication skills, both written and verbal - Ability to work efficiently in a fast-paced environment while maintaining accuracy We offer competitive compensation packages and opportunities for professional growth within our organization. If you have the necessary qualifications and are looking for a rewarding career in the mortgage industry, we encourage you to apply for the position of Loan Processor.
Job Type: Part-time
Pay: $20.45 - $21.81 per hour
Expected hours: No more than 20 per week
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Schedule:
Work Location: Remote