Consumer Loan Processor jobs in Baltimore, MD

Consumer Loan Processor performs administrative tasks for loan processing. Collects and prepares necessary information required by each loan type and purpose to process and complete loan files. Being a Consumer Loan Processor verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Consumer Loan Processor ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Consumer Loan Processor works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Consumer Loan Processor typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)

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Loan Processor
  • Latitude, Inc.
  • Hanover, MD FULL_TIME
  • Job Title: Loan Processor

    Job Summary: The Loan Processor is responsible for managing and processing loan applications from initial submission to final approval. This role involves reviewing borrower information, verifying documentation, and coordinating with internal and external stakeholders to ensure accurate and timely loan processing.

    Responsibilities:

    1. Application Review:

      • Review loan applications submitted by borrowers for completeness and accuracy.
      • Verify borrower information, including income, credit history, employment details, and financial statements.
    2. Document Verification:

      • Collect and verify all required documentation, such as tax returns, pay stubs, bank statements, and property information.
      • Ensure that all documents are accurate, current, and meet lender and regulatory requirements.
    3. Communication:

      • Maintain clear and consistent communication with borrowers to request additional information or clarify details as needed.
      • Collaborate with loan officers, underwriters, and other relevant parties to facilitate smooth loan processing.
    4. Data Entry and System Management:

      • Enter borrower information and documentation into loan processing software or database systems accurately.
      • Update loan application statuses and document completion progress.
    5. Guidelines Adherence:

      • Ensure that all loan applications comply with lender policies, industry regulations, and legal requirements.
      • Stay up-to-date with changing lending regulations and guidelines.
    6. File Preparation:

      • Organize and compile loan application files for submission to underwriting.
      • Prepare and submit necessary documents to third-party vendors for services such as property appraisals and title searches.
    7. Problem Solving:

      • Identify discrepancies or potential issues in loan applications and work with borrowers and loan officers to resolve them.
    8. Timely Processing:

      • Prioritize and manage a pipeline of loan applications to meet deadlines and service level agreements.
      • Provide regular updates on application progress to borrowers and stakeholders.
    9. Quality Control:

      • Perform quality checks on completed loan files to ensure accuracy and completeness before submission to underwriting.
    10. Customer Service:

      • Provide excellent customer service to borrowers, addressing their questions and concerns in a professional and helpful manner.

    Qualifications:

    • High school diploma or equivalent (Bachelor's degree in finance or related field preferred).
    • Previous experience as a loan processor or in a related role within the mortgage or lending industry.
    • Strong knowledge of loan processing procedures, underwriting guidelines, and regulatory requirements.
    • Proficiency in using loan origination software and office productivity tools.
    • Excellent organizational skills and attention to detail.
    • Effective communication and interpersonal skills.
    • Ability to work independently and collaboratively in a fast-paced environment.
    • Familiarity with financial documents, credit reports, and loan-related documentation.
  • 10 Days Ago

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Loan Processor
  • NVR Inc
  • Columbia, MD FULL_TIME
  • If you’re a bright, energetic individual who’s customer-focused and dedicated to the success of your team, we’d love to talk to you. As a Loan Processor for NVR Mortgage, you will work directly with o...
  • 1 Month Ago

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Consumer loan specialist
  • OneMain Financial
  • Belcamp, MD FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. In the Role Deliver results...
  • 21 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • New Windsor, MD FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. Consumer Loan Sales Special...
  • 21 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • Rosedale, MD FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. Consumer Loan Sales Special...
  • 21 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • Brooklyn, MD FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. Consumer Loan Sales Special...
  • 21 Days Ago

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0 Consumer Loan Processor jobs found in Baltimore, MD area

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Team Leader Lab Outreach Financial Services
  • Medstargoodsam
  • Baltimore, MD
  • **Team Leader Lab Outreach Financial Services** Job Id 58819 Category Patient Support Services MedStar Good Samaritan Ho...
  • 3/28/2024 12:00:00 AM

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Teller - North Central District
  • WELLS FARGO BANK
  • Baltimore, MD
  • Why Wells Fargo: Are you ready for the next step in your career? This is where it begins - at a company known for our "W...
  • 3/27/2024 12:00:00 AM

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Part Time Cashier
  • Michaels Stores
  • Baltimore, MD
  • Part Time Cashier page is loaded **Part Time Cashier** **Part Time Cashier** locationsAnnapolis-2309 B Forest Dr time ty...
  • 3/27/2024 12:00:00 AM

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Consumer Loan Processor
  • HFS Financial LLC
  • Reisterstown, MD
  • Job Description Job Description Process consumer loan applications and associated documents(NO MORTGAGES) · Ex: Income a...
  • 3/26/2024 12:00:00 AM

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Consumer Loan Processor
  • HFS Financial LLC
  • Reisterstown, MD
  • Job Description Job Description Process consumer loan applications and associated documents(NO MORTGAGES) · Ex: Income a...
  • 3/26/2024 12:00:00 AM

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Mortgage Customer Service Representative II (Remote)
  • The Data Entry Co
  • Bethesda, MD
  • **Mortgage Customer Service Representative II (Remote)** HUD-FHA Bethesda, Maryland Minimum Experience **Mid-level** Com...
  • 3/25/2024 12:00:00 AM

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Teller - Northeast District
  • WELLS FARGO BANK
  • Baltimore, MD
  • Why Wells Fargo: Are you ready for the next step in your career? This is where it begins - at a company known for our "W...
  • 3/25/2024 12:00:00 AM

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Account Executive
  • NewDay USA
  • Fulton, MD
  • Job Description Job Description Unlicensed Loan Officer - Entry Level As a NewDay USA team member, you’re empowered to m...
  • 3/24/2024 12:00:00 AM

Baltimore (/ˈbɔːltɪmɔːr/) is the largest city in the state of Maryland within the United States. Baltimore was established by the Constitution of Maryland as an independent city in 1729. With a population of 611,648 in 2017, Baltimore is the largest such independent city in the United States. As of 2017[update], the population of the Baltimore metropolitan area was estimated to be just under 2.808 million, making it the 20th largest metropolitan area in the country. Baltimore is located about 40 miles (60 km) northeast of Washington, D.C., making it a principal city in the Washington-Baltimo...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Processor jobs
$43,397 to $55,844
Baltimore, Maryland area prices
were up 1.5% from a year ago

Consumer Loan Processor in Atlantic City, NJ
Prepare documents for consumer and home equity loans that originate through frontline channels and properly distribute all disclosures.
January 09, 2020
Consumer Loan Processor in Columbus, GA
For individuals that are considering a career as a consumer loan processor, the first thing to do would be to look at a consumer loan processor job description.
January 04, 2020
Consumer Loan Processor in New Suffolk, NY
Our consumer loan application will be unavailable this evening for scheduled maintenance.
February 11, 2020