Loan Processor
4 weeks ago
We are seeking a detail-oriented Loan Processor to join our team at MRV Banks. As a Loan Processor, you will play a vital role in facilitating the loan application process and ensuring a smooth experience for our valued borrowers.
Key Responsibilities:- Review loan applications for accuracy, completeness, and compliance with lending guidelines and regulations.
- Collect and verify all required documentation from borrowers, including income statements, tax returns, credit reports, and property information.
- Communicate effectively with loan officers, loan coordinators, and borrowers to obtain any missing or additional information necessary for loan approval.
- Analyze borrowers' financial information, including credit history, income, and assets, to assess loan eligibility.
- Compile and organize loan documents accurately, ensuring they are properly labeled, signed, and dated for submission to underwriters.
- Maintain compliance with all applicable laws, regulations, and internal policies throughout the loan processing.
- Provide regular updates on loan status and resolve any outstanding issues by collaborating with borrowers, loan officers, and loan coordinators.
- Keep precise records of all loan documents, correspondence, and activities in the loan processing system.
- Adhere to established timelines and meet deadlines for efficient completion of loan processing stages.
- Perform quality checks to ensure the accuracy and completeness of loan files before final submission for approval.
- High school diploma or equivalent.
- Excellent written and verbal communication skills to interact effectively with various stakeholders.
- Strong attention to detail to ensure accurate and complete loan documentation.
- Exceptional organizational skills to manage multiple loan files and prioritize tasks effectively.
- Ability to work in a fast-paced environment, meet deadlines, and handle high volumes of work.
- Maintain strict confidentiality of sensitive borrower information.
- Proficiency in MS Office Suite, and other relevant computer applications.
- Bachelor's degree in finance, business, or a related field.
- Previous experience in loan processing, mortgage lending, or a related field.
- Knowledge of loan types, lending guidelines, and regulatory requirements.
MRV Banks is an Equal Opportunity Employer. We are committed to providing equal opportunity and advancement to all qualified employees and applicants without regard to race, color, ancestry, national origin, sex, gender (including pregnancy), gender identity, sexual orientation, religion, disability, handicap, military or veteran status or any other legally protected status.
Applicants must be able to pass a drug test, background check, credit check, and reference check.
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