Job Description
A loan processor manages the end-to-end documentation for loan applications, serving as the critical link between borrowers, loan officers, and underwriters. They verify financial information (income, assets, debt), ensure compliance with regulations, and prepare files for final approval. Key skills include attention to detail, communication, and organizational abilities.
Key Responsibilities
- Document Collection & Review: Gathering, organizing, and verifying borrower documents such as pay stubs, tax returns, and bank statements.
- Application Processing: Reviewing loan applications for accuracy and completeness.
- Liaison Duties: Acting as a primary contact between borrowers, loan officers, and underwriters.
- Compliance & Accuracy: Ensuring all loans meet company policies, legal requirements, and regulatory standards.
- Pipeline Management: Managing a queue of loan files to ensure timely processing and closing.
- Condition Satis...
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