Loan Processors work at banks and other financial lenders to act as a liaison between front-facing bank staff and the underwriters who research and approve loans. Their role is to make sure that loan applications are free of mistakes and include all of the essential information Underwriters need to perform a risk assessment and a background check, preventing errors from increasing turnaround time. Loan Processors act as a liaison between the Loan Officer and the Underwriter, double-checking lending guidelines and all essential prior-to-document conditions related to each loan document before and after approval.
Wat doet een Loan Processor?
A Loan Processor, or Mortgage Processor, is in charge of gathering the necessary paperwork and documentation required for someone to apply for a loan. Their duties include carefully reviewing mortgage applications to confirm that all essential fields have been filled out, organizing additional application materials and submitting applications on schedule.
Verantwoordelijkheden
Een Loan Processor moet in staat zijn om verschillende taken en verantwoordelijkheden te vervullen. Hieronder staan enkele taken en verantwoordelijkheden die een Loan Processor moet kunnen uitvoeren:
Gathering information for the loan application
Evaluating credit histories for applications
Collecting data from clients such as their assets, salaries, debts and employment status to fill in information for the loan application
Researching and correcting mistakes in applications for clients
Reviewing file documentation for missing or erroneous information
Meeting loan application deadlines
Benodigde vaardigheden
Een concurrerende Loan Processor zal bepaalde vaardigheden en kwalificaties hebben, waaronder:
Experience with mortgage loan software programs
Verbal and written communication
Good interpersonal and customer service skills
Time-management and organization skills
Ability to work with strict deadlines
Ability to explain technical concepts in simple terms
Soortgelijke aanbiedingen
Als u werft voor functies die gerelateerd zijn aan een Loan Processor, bekijk dan onze functiebeschrijvingen voor vergelijkbare rollen:
