Loan Processor Job Description

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Loan Processor Introduction:

_________________is hiring a Loan Processor to join our team. This role involves the coordination of loan application activities. You’ll work with our customers and team to perform appraisals and strengthen customer relationships. We’re looking for someone who enjoys both independent and team-based work. Our ideal candidate also has excellent time management skills and can work under deadlines.

Loan Processor Responsibilities:

This position reports to the ______________________. Duties may include:

• Gathering required loan application information from customers
• Reviewing loan applications, verifying information, and determining eligibility for pre-approval
• Conducting credit review and applicant interviews
• Making updates and changes in our database
• Resolving any issues or discrepancies in applications
• Following company loan policies and procedures
• Ensuring compliance with industry standards and rules, as well as prov/state/federal legislation
• Other duties as assigned

Loan Processor Qualifications:

• Completed College or Bachelor’s Degree in Finance, Business Administration, Accounting or related field of study
• 2-5 years experience of experience in a similar role
• *Specific licensing may be required in your state/province*
• Keen attention to detail and analysis skills are required

Loan Processor Core Skills:

• Attention to detail
• MS Products
• Accuracy
• Interpersonal communication
• Time management
• Customer service
• Decision-making
• Compliance
• Verification
• Credit Review
• Industry standards and policy
• Databases
• Positive attitude
• Organizational skills
• Mathematical skills
• Analysis

Alongside Pro-Tip:

When creating a job posting for a Loan Processor, be sure to check for applicable industry standards and requirements. Special licensing and skills may be required. Consult your hiring team and adjust this job posting template to meet the needs of the role. Get some great Loan Processor interview questions here.