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Entry Level Loan Processor | Loan Processor in Accounting & Finance Job at Latitude in Columbi1

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Entry Level Loan Processor

Location:
Columbia, MD
Description:

Details: Onsite in Columbia, MD Salary: $55,000 - 60,000 Responsibilities: Application Review: Review loan applications submitted by borrowers for completeness and accuracy. Verify borrower information, including income, credit history, employment details, and financial statements. Document Verification: Collect and verify all required documentation, such as tax returns, pay stubs, bank statements, and property information. Ensure that all documents are accurate, current, and meet lender and regulatory requirements. Communication: Maintain clear and consistent communication with borrowers to request additional information or clarify details as needed. Collaborate with loan officers, underwriters, and other relevant parties to facilitate smooth loan processing. Data Entry and System Management: Enter borrower information and documentation into loan processing software or database systems accurately. Update loan application statuses and document completion progress. Guidelines Adherence: Ensure that all loan applications comply with lender policies, industry regulations, and legal requirements. Stay up-to-date with changing lending regulations and guidelines. File Preparation: Organize and compile loan application files for submission to underwriting. Prepare and submit necessary documents to third-party vendors for services such as property appraisals and title searches. Problem Solving: Identify discrepancies or potential issues in loan applications and work with borrowers and loan officers to resolve them. Timely Processing: Prioritize and manage a pipeline of loan applications to meet deadlines and service level agreements. Provide regular updates on application progress to borrowers and stakeholders. Quality Control: Perform quality checks on completed loan files to ensure accuracy and completeness before submission to underwriting. Customer Service: Provide excellent customer service to borrowers, addressing their questions and concerns in a professional and helpful manner. Qualifications: Bachelor's degree in finance or related field preferred Previous experience as a loan processor or in a related role within the mortgage or lending industry. Strong knowledge of loan processing procedures, underwriting guidelines, and regulatory requirements. Proficiency in using loan origination software and office productivity tools. Excellent organizational skills and attention to detail. Effective communication and interpersonal skills. Ability to work independently and collaboratively in a fast-paced environment. Familiarity with financial documents, credit reports, and loan-related documentation. Powered by JazzHR
Company:
Latitude
Posted:
January 1 on The Resumator
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More About this Listing: Entry Level Loan Processor
Entry Level Loan Processor is a Accounting & Finance Loan Processor Job at Latitude located in Columbia MD. Find other listings like Entry Level Loan Processor by searching Oodle for Accounting & Finance Loan Processor Jobs.