Job Description
Job Description
Review, verify, and prepare mortgage or loan applications for underwriting, collect documents needed in underwriting, and throughout the closing. The loan processor will act as the primary liaison between borrowers, loan officers, and underwriters.
Key Responsibilities
Data Accuracy:
Input applicant data into loan systems and verify the accuracy of all information to prevent issues during underwriting.
Compliance & Resolution:
Ensure all conditions for approval are met and resolve any discrepancies or missing documentation.
Closing Prep:
Prepare loan files for closing, including reviewing final closing documents.
Documentation Gathering:
Collect and verify sensitive financial documents, including bank statements, pay stubs, tax returns, and employment records.
File Organization:
Organize, update, and manage loan files in compliance with company and regulatory guidelines.
Communication:
Act as the central point of contact, communicating with borrowers, loan officers, and third parties like title companies or attorneys.
Review, verify, and prepare mortgage or loan applications for underwriting, collect documents needed in underwriting, and throughout the closing. The loan processor will act as the primary liaison between borrowers, loan officers, and underwriters.
Key Responsibilities
Data Accuracy:
Input applicant data into loan systems and verify the accuracy of all information to prevent issues during underwriting.
Compliance & Resolution:
Ensure all conditions for approval are met and resolve any discrepancies or missing documentation.
Closing Prep:
Prepare loan files for closing, including reviewing final closing documents.
Documentation Gathering:
Collect and verify sensitive financial documents, including bank statements, pay stubs, tax returns, and employment records.
File Organization:
Organize, update, and manage loan files in compliance with company and regulatory guidelines.
Communication:
Act as the central point of contact, communicating with borrowers, loan officers, and third parties like title companies or attorneys.