Loan Processor (Entry Level)

Job Title: Entry-Level Loan Processor

Location: Walkersville MD

Employment Type: Full-Time

Job Summary:

We are seeking a motivated and detail-oriented Entry-Level Loan Processor to join our dynamic team. This position is ideal for individuals looking to start their career in the financial services industry and gain hands-on experience in loan processing. The successful candidate will assist in the preparation, documentation, and review of loan applications to ensure timely and accurate processing. Training will be provided.

Key Responsibilities:

Application Review: Assist in the initial review of loan applications to ensure completeness and accuracy of required information and documentation.

Document Verification: Verify applicant information by contacting appropriate sources to validate employment, income, assets, and other pertinent details.

Data Entry: Accurately input and update loan application data into the company’s loan processing system.

Customer Interaction: Communicate with applicants to request additional information or documentation as needed. Provide updates on application status.

Compliance Adherence: Ensure all loan processing activities comply with regulatory requirements, company policies, and procedures.

File Preparation: Prepare loan files for underwriting by compiling and organizing all required documents.

Coordination: Coordinate with loan officers, underwriters, and other team members to facilitate efficient loan processing and approvals.

Problem Resolution: Identify and resolve issues that may cause delays in the loan processing timeline.

Quality Control: Conduct quality control checks to ensure the accuracy and completeness of loan files before submission.

Reporting: Generate and review reports on loan application statuses and processing timelines.

Qualifications:

Education: High school diploma or equivalent required; Associate’s or Bachelor’s degree in finance, business, or a related field is preferred.

Experience: Previous experience in a customer service or administrative role is beneficial but not required. Training will be provided.

Skills:

Excellent attention to detail and organizational skills.

Strong communication and interpersonal skills.

Proficiency in Microsoft Office Suite (Word, Excel, Outlook).

Ability to multitask and prioritize work in a fast-paced environment.

Basic knowledge of loan processing and financial services is a plus.

Other Requirements:

Ability to pass a background check.

Willingness to learn and adapt to new tasks and responsibilities.

Working Conditions:

Environment: Office setting with standard working hours. Some overtime may be required based on workload.

Physical Demands: Sitting for extended periods, occasional lifting of up to 20 pounds, and frequent use of computer and telephone.

Benefits:

Competitive salary with opportunities for performance-based bonuses.

Comprehensive health, dental, and vision insurance plans.

Retirement savings plan with company matching.

Paid time off, including holidays and vacation.

Training and professional development opportunities.