Loan Processor
Core
Audit loan applications for completeness, verify compliance with FHA/VA/Conventional/Jumbo/USDA guidelines, and manage third-party vendor documents to facilitate loan funding.
Role type
Mortgage Loan Processor
Builds
Loan files for underwriting approval and final closing
Domain
Mortgage lending / Real estate finance
Deliverable
client delivery
Required skills
Loan processing, FHA/VA/FNMA/FHLMC guidelines knowledge, third-party vendor coordination, document verification, underwriting condition resolution, closing disclosure management
Preferred skills
MS Office proficiency, industry automation software knowledge, multitasking, research and judgment
Technologies
LOS systems, industry automation software
Responsibilities
Audit loan applications using checklists, obtain and review documentation for guideline compliance, order third-party vendor documents (credit, appraisal, title, insurance), submit files to underwriting, clear underwriting conditions, submit final docs to closing department, maintain correspondence with Realtors/Builders/Title Agents/Borrowers, update LOS system status, review loan pipeline up to 20 units/month, fund up to 15 units