Entry Level Loan Processor

Location

Frederick, MD | United States

Job description

Position Overview:

The Entry Level Loan Processor will play a crucial role in supporting our loan processing operations. This individual will be responsible for gathering and organizing loan documentation, ensuring accuracy and completeness, and collaborating with various stakeholders to facilitate a smooth loan approval process. After 1-2 years of employment, employees are eligible for a Loan Officer (high commission based) career track or a Manager track.

Responsibilities:

1. Documentation Review:

   • Collect and review loan applications for completeness and accuracy.
   • Verify applicant information, ensuring all required documents are submitted.

2. Communication:

   • Communicate with loan officers, underwriters, and clients to obtain any missing or additional documentation.
   • Provide timely updates to all relevant parties on the status of loan applications.

3. Data Entry:

   • Enter loan information into the system accurately and efficiently.
   • Maintain organized and up-to-date electronic and physical loan files.

4. Compliance:

   • Ensure all loan documentation meets regulatory and internal compliance standards.
   • Stay informed about changes in lending regulations and company policies.

5. Customer Service:

   • Assist clients with inquiries related to the loan application process.
   • Provide excellent customer service and address concerns or questions professionally.

6. Collaboration:

   • Work closely with loan officers, underwriters, and other team members to facilitate a smooth loan approval process.
   • Participate in team meetings and training sessions to enhance knowledge and skills.

Job tags

Salary