Mortgage Loan Processor performs administrative tasks for mortgage loan processing. Collects and prepares necessary information such as loan applications, credit documents, and appraisals to process and complete mortgage loan files. Being a Mortgage Loan Processor verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Mortgage 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 Mortgage Loan Processor works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
The Loan Processor position is responsible for processing loan applications to closing (includes new loan applications, and construction loans). Establishes loan files and orders documentation required to process loans. Is accountable for the accuracy and completeness of all loan documentation and for processing loans. Minimum Qualifications: HS diploma or GED required; BS or AA degree in business, finance or accounting preferred; a minimum of two years’ experience in a banking position with progressively increasing responsibilities is required in lieu of a formal education; strong organizational skills, the ability to prioritize and attention to detail required. Location: Hybrid with a base office located in West Lebanon, NH.
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