Loan Processor
Core
Process residential mortgage loans by verifying borrower documentation, analyzing credit/income/assets, assembling loan packages, and ensuring regulatory compliance.
Role type
Senior Loan Processor
Builds
Residential mortgage loan files for underwriting and closing
Domain
Mortgage lending / Consumer finance
Deliverable
production ML models | product features | dashboards & analysis | research | client delivery | infrastructure | physical/clinical work
Required skills
Residential mortgage processing, credit analysis, document verification, regulatory compliance (RESPA, TIL, HMDA, Reg B), loan package assembly, communication with loan officers and customers, math and analytical skills
Preferred skills
Encompass system proficiency, knowledge of DU/LP, knowledge of Regulation Z and Regulation B
Technologies
Encompass, DU, LP, Microsoft Office, Windows
Responsibilities
Review and analyze borrower credit, employment, income, and assets; assemble complete loan packages for underwriting; verify required documentation and complete loan checklists; prepare loan approval summaries and regulatory forms (1008, 1003); communicate with loan originators, customers, and underwriters to obtain missing documentation; review loans for compliance with mortgage regulations; coordinate with vendors for property surveys, flood certificates, title commitments, and payoff information; manage loan pipeline and turnaround times; assist in loan closing and secondary marketing; train and supervise new loan processors.
Seniority
Mid-level, hands-on IC