Loan Processor I
About The Position
The Loan Processor I will assist with all aspects of documenting loans in accordance with policies, procedures, laws, and regulations. This role involves processing loan applications, gathering and organizing data, entering loan information, and preparing loan closing packages. The Loan Processor I will also be responsible for preparing and collecting legal documents, recording mortgage documents, and completing files for denied or withdrawn loans. Additionally, this position supports attorneys and paralegals during loan closings, obtains necessary third-party items, assists with HMDA determinations, and manages outstanding documentation. The role includes organizing and maintaining loan files, processing paid-off loans, providing support to lenders and staff, preparing documentation for renewals and modifications, processing third-party invoices, and ensuring smooth workflow with internal departments. Responding to inquiries and performing other related duties are also part of the responsibilities.
Requirements
- Understanding of loan documentation
- Knowledge of policies, procedures, laws, and regulations related to loans
- Ability to process loan applications
- Skills in gathering and organizing data
- Proficiency in entering loan information and creating closing packages
- Experience preparing and collecting legal documents
- Familiarity with recording mortgage documents and financing statements
- Ability to complete files for denied or withdrawn loans
- Capability to assist with loan closings
- Experience obtaining third-party items (insurance, appraisals, flood determinations, title work)
- Knowledge of HMDA determinations
- Skills in managing ticklers and tracking documentation
- Ability to organize and maintain loan files
- Experience processing paid-off loans and collateral release
- Customer support skills for lenders and staff
- Proficiency in preparing documentation for renewals and modifications
- Experience processing third-party invoices
- Ability to coordinate with Accounts Payable
- Interdepartmental communication and workflow management skills
- Timely response to inquiries
Responsibilities
- Assist with all aspects of documenting loans in accordance with policies, procedures, laws, and regulations
- Process loan applications as requested by lenders
- Gather and organize data needed to complete loan files
- Enter loan information and create loan closing packages in the loan system
- Prepare and collect required legal documents
- Record mortgage documents, UCC/EFS financing statements, and other collateral records
- Complete files for denied or withdrawn loans
- Assist attorneys and paralegals during the loan closing process
- Obtain required third-party items such as insurance, appraisals, flood determinations, and title work
- Assist with HMDA determinations and follow up on pending loan items
- Manage ticklers and track outstanding documentation
- Organize and maintain loan files according to procedures
- Process paid-off loans and ensure collateral release is completed
- Provide support to lenders and staff by answering questions on policies, procedures, and systems
- Prepare documentation for renewals, modifications, and file maintenance
- Process third-party invoices and coordinate with Accounts Payable
- Work with internal departments to ensure smooth workflow and communication
- Respond to inquiries from staff and customers in a timely manner
- Perform other related duties as assigned
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What This Job Offers
Career Level
Entry Level
Education Level
No Education Listed
